Griffis Residential Announces Commencement Closing of Griffis Premium Apartment Fund VII
EmitenTrust.com Fund VII succeeds $525 million Fund VI, building on a 40+-year investment and operating track record
DENVER, Oct. 9, 2026 /PRNewswire/ -- Griffis Residential ("Griffis"), a vertically integrated multifamily real estate investment manager, has announced the "first close" of Griffis Premium Apartment Fund VII ("Fund VII" or the "Fund"), securing approximately $207 million in capital commitments.
Fund VII continues Griffis Residential's value-add investment strategy focused on acquiring high-quality multifamily communities in select U.S. markets with favorable demographics, affordability metrics, and improving supply and demand dynamics.
"We are grateful for the continued confidence and support of our investors," said Ian Griffis, Chairman and Co-Chief Executive Officer of Griffis Residential. "Our best-in-class operations team has once again protected our partners throughout the current real estate recession. Looking forward, the environment presents an excellent opportunity to acquire Class A multifamily assets at severely discounted prices. Fund VII allows us to build on decades of successful real estate investing, through multiple market cycles, while maintaining the consistent and disciplined approach that has guided our investment strategy since our founding."
Fund VII has already completed its first acquisition, Griffis North Olive, a 263-unit apartment community in West Palm Beach, Florida. Acquired in March 2026 for approximately $104 million, the 2016-vintage community was purchased at an estimated 25% discount to replacement cost. The acquisition expands Griffis Residential's presence in South Florida and reflects the Fund's strategy of investing in well-located apartment communities with the opportunity to create value through targeted improvements and improved management.
Griffis Residential currently owns and manages approximately 9,500 units in 13 geographically diverse markets nationwide.
If you are interested in learning about upcoming investment opportunities, please contact Investor Relations at 303.268.2121 or ClientServices@GriffisResidential.com.
About Griffis Residential
Griffis Residential, based in Denver, CO, is a vertically integrated multifamily investment firm currently operating a $3.6 billion portfolio of institutional-quality apartment communities in high-growth innovation hubs. The Griffis Residential management platform includes ~300 apartment professionals located in Austin, Dallas, Denver, Frisco, Los Angeles, Orange County, Portland, San Diego, Seattle, Silicon Valley, Bethesda, MD, Pompano Beach, and West Palm Beach. Built on 40 years of its founders' multifamily investment experience, Griffis Residential has established a leading reputation for its all-weather investment strategy and strong track record of value creation through multiple market cycles. For more information, visit GriffisResidential.com.
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SOURCE Griffis Residential