Company News | January 15, 2020
Griffis Residential Sells Griffis Cornerstone Park
Griffis Residential is pleased to announce that Griffis Premium Apartment Fund (Fund II) has sold Griffis Cornerstone Park Apartments, a 310-unit Class-A multifamily community located in Las Vegas, Nevada. The property was acquired in May 2013 and sold in January 2020. During the 6.8-year hold period, the property’s financial results consistently outpaced expectations, leading to superior long-term investment returns.