This opportunity is available for investment
The Fund intends to invest in growth-oriented opportunities within the rental housing sector, specifically ground-up development, preferred equity investments and opportunistic acquisitions of existing real estate. The Investments are expected to be owned, directly or indirectly, by separate joint venture limited liability companies. The General Partner anticipates that the Fund's equity position with respect to all Portfolio Companies will be acquired through GCDP III REIT HoldCo, LLC, a Delaware limited liability company, which will elect to be treated as a REIT for U.S. federal income tax purposes as of its first taxable year. The Fund plans to make Investments consistent with three-to-five-year business plans and will then seek to sell or liquidate the Investments and distribute the net proceeds to Investors. To capitalize the Investments, the Fund is seeking $100 million in equity capital in exchange for Units; provided, however, that the General Partner may accept up to $150 million in equity capital in its discretion.
Since 2022, the rapid rise in interest rates and sharp increases in operating costs dramatically reduced capital markets activity in the real estate sector due to a contraction in the availability of both equity and debt. This has led to a reduction in transaction volumes, resetting of valuations and corresponding opportunities for investors that are able to deploy capital today.
In addition, over the past two years, there has been a meaningful decline in construction starts and moderation of operating expense growth in the rental housing sector while renter demand has remained robust, creating a backdrop for improved operating fundamentals for investors. The confluence of these dynamics creates a favorable entry point to acquire development sites, infuse preferred equity in capital structures, and acquire opportunistically priced rental communities.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
The Fund intends to invest in growth-oriented opportunities within the rental housing sector, specifically ground-up development, preferred equity investments and opportunistic acquisitions of existing real estate.
The General Partner is targeting an internal rate of return to investors of 12% - 14%, net of Fund fees and expenses.
Founded in 1995, Griffin Capital has owned, managed, sponsored, or co-sponsored investment programs representing approximately $24 billion in assets.
Griffin Capital's senior executives and employees have co-invested over $300 million in its various strategies, aligning Griffin Capital's interest with those of its investors.
Griffin Capital currently manages a portfolio of 38 rental housing communities totaling 12,771 units and a total value of $4.37 billion.
The confluence of these dynamics creates a favorable entry point to acquire development sites, infuse preferred equity in capital structures, and acquire opportunistically priced rental communities.
The General Partner will identify and engage experienced rental housing real estate developers as Development Partners, who generally are expected to commit a minimum of 5% of the aggregate equity required for their respective Investments.
This seniority in the capital structure provides the Fund with a measure of downside protection relative common equity and the potential for growth-oriented return characteristics.
University Parkway is an $80 million, 345-unit multifamily community located in Dacula, Georgia, a suburb of Atlanta.
Highpoint has built and sold 16 multifamily assets in Georgia and currently has 15 assets under construction or in lease-up.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Offering Type
Multifamily
Asset Class
Rental Housing Development Fund
Location
Diversified
Please refer to the Griffin Capital Development Partners Fund III, L.P. - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Griffin Capital Company, LLC
The Fund's sponsor, Griffin Capital Company, LLC, is a leading full-service real estate investment and management company with a diverse portfolio of assets across the United States. Griffin Capital creates reliable, thematic investment solutions to meet the needs of investors and the communities in which it invests. As investors first and foremost, Griffin Capital combines rigorous fundamental research and deep experience across its tenured investment team to identify and pursue investment solutions underpinned by compelling secular growth themes. Griffin Capital maintains a time-tested and consistent approach to deliver intelligent investment solutions informed by decades of experience with the guiding principle of being investor focused and outcome driven.
Founded in 1995, Griffin Capital has owned, managed, sponsored, or co-sponsored investment programs representing approximately $24 billion in assets. Griffin Capital's senior executives and employees have co-invested over $300 million in its various strategies, aligning Griffin Capital's interest with those of its investors.
The firm has extensive experience in acquiring, managing and structuring real estate investments across a variety of real estate sectors and strategies. Griffin Capital currently manages a portfolio of 38 rental housing communities totaling 12,771 units and a total value of $4.37 billion.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
The Fund intends to invest in growth-oriented opportunities within the rental housing sector, specifically ground-up development, preferred equity investments and opportunistic acquisitions of existing real estate. The Investments are expected to be owned, directly or indirectly, by separate joint venture limited liability companies. The General Partner anticipates that the Fund's equity position with respect to all Portfolio Companies will be acquired through GCDP III REIT HoldCo, LLC, a Delaware limited liability company, which will elect to be treated as a REIT for U.S. federal income tax purposes as of its first taxable year. The Fund plans to make Investments consistent with three-to-five-year business plans and will then seek to sell or liquidate the Investments and distribute the net proceeds to Investors. To capitalize the Investments, the Fund is seeking $100 million in equity capital in exchange for Units; provided, however, that the General Partner may accept up to $150 million in equity capital in its discretion.
Since 2022, the rapid rise in interest rates and sharp increases in operating costs dramatically reduced capital markets activity in the real estate sector due to a contraction in the availability of both equity and debt. This has led to a reduction in transaction volumes, resetting of valuations and corresponding opportunities for investors that are able to deploy capital today.
In addition, over the past two years, there has been a meaningful decline in construction starts and moderation of operating expense growth in the rental housing sector while renter demand has remained robust, creating a backdrop for improved operating fundamentals for investors. The confluence of these dynamics creates a favorable entry point to acquire development sites, infuse preferred equity in capital structures, and acquire opportunistically priced rental communities.
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
Key benefits and features of this investment opportunity
All information is subject to the Sponsor's official Investment Documentation. For more information, including risk factors, view the .
The Fund intends to invest in growth-oriented opportunities within the rental housing sector, specifically ground-up development, preferred equity investments and opportunistic acquisitions of existing real estate.
The General Partner is targeting an internal rate of return to investors of 12% - 14%, net of Fund fees and expenses.
Founded in 1995, Griffin Capital has owned, managed, sponsored, or co-sponsored investment programs representing approximately $24 billion in assets.
Griffin Capital's senior executives and employees have co-invested over $300 million in its various strategies, aligning Griffin Capital's interest with those of its investors.
Griffin Capital currently manages a portfolio of 38 rental housing communities totaling 12,771 units and a total value of $4.37 billion.
The confluence of these dynamics creates a favorable entry point to acquire development sites, infuse preferred equity in capital structures, and acquire opportunistically priced rental communities.
The General Partner will identify and engage experienced rental housing real estate developers as Development Partners, who generally are expected to commit a minimum of 5% of the aggregate equity required for their respective Investments.
This seniority in the capital structure provides the Fund with a measure of downside protection relative common equity and the potential for growth-oriented return characteristics.
University Parkway is an $80 million, 345-unit multifamily community located in Dacula, Georgia, a suburb of Atlanta.
Highpoint has built and sold 16 multifamily assets in Georgia and currently has 15 assets under construction or in lease-up.
The offering documents below have been prepared and are being delivered by the Sponsor of this investment opportunity.
Get help from our team of investment specialists or use our portfolio builder tool to model this investment in your 1031 exchange strategy.
Offering Type
Multifamily
Asset Class
Rental Housing Development Fund
Location
Diversified
Please refer to the Griffin Capital Development Partners Fund III, L.P. - Private Placement Memorandum for more details regarding distributions and risk factors of the investment.
Griffin Capital Company, LLC
The Fund's sponsor, Griffin Capital Company, LLC, is a leading full-service real estate investment and management company with a diverse portfolio of assets across the United States. Griffin Capital creates reliable, thematic investment solutions to meet the needs of investors and the communities in which it invests. As investors first and foremost, Griffin Capital combines rigorous fundamental research and deep experience across its tenured investment team to identify and pursue investment solutions underpinned by compelling secular growth themes. Griffin Capital maintains a time-tested and consistent approach to deliver intelligent investment solutions informed by decades of experience with the guiding principle of being investor focused and outcome driven.
Founded in 1995, Griffin Capital has owned, managed, sponsored, or co-sponsored investment programs representing approximately $24 billion in assets. Griffin Capital's senior executives and employees have co-invested over $300 million in its various strategies, aligning Griffin Capital's interest with those of its investors.
The firm has extensive experience in acquiring, managing and structuring real estate investments across a variety of real estate sectors and strategies. Griffin Capital currently manages a portfolio of 38 rental housing communities totaling 12,771 units and a total value of $4.37 billion.
For more information, view the .
All details presented on this page are subordinate to and qualified entirely by the comprehensive information contained within the Sponsor's official Investment Documentation. The content displayed here remains incomplete and may be modified by the Sponsor without notice prior to closing. The Sponsor's Investment Documentation and related materials include critical details regarding investment goals, business strategies, potential risks, fees, costs, and additional material information that should be thoroughly evaluated before making any investment decision. The information presented on this page is insufficient for making informed investment choices.
This investment is speculative, highly illiquid, and involves substantial risk. There can be no assurances that all or any of Sponsor's assumptions, expectations, estimates, goals, hypothetical illustrations, or other aspects of Sponsor's business plans ("Assumptions") will be true or that actual performance will bear any relation to Sponsor's Assumptions, and no guarantee or representation is made that Sponsor's Assumptions will be achieved. If Sponsor does not achieve its Assumptions, your investment could be materially and adversely affected. A loss of part or all of the principal value of your investment may occur. You should not invest unless you can readily bear the consequences of such loss. Sponsor's Assumptions should not be relied upon as the primary basis for your decision to invest.
Sponsor is solely responsible for statements made concerning forward-looking statements and Assumptions, which apply only as of the date made, are preliminary and subject to change, and are expressly qualified in their entirety by the disclosures and cautionary statements included in Sponsor's Investment Documents, which you should carefully review. A Sponsor is obligated to update or revise such forward-looking statements or Assumptions to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Sponsor's forward-looking statements and Assumptions are hypothetical, not based on actual investment achievements or events, and are presented solely for purposes of providing insight into the Sponsor's investment objectives, detailing Sponsor's anticipated risk and reward characteristics, and establishing a benchmark for future evaluation of actual results; therefore, they are not a predictor, projection, or guarantee of future results. You should not rely on Sponsor's forward-looking statements as a basis to invest.
Importantly, we do not adopt, endorse, or provide any assurance of returns or as to the accuracy or reasonableness of Sponsor's Assumptions or forward-looking statements.
Any reference to historical performance does not indicate future results and should not be considered the primary factor in investment decisions.
Sponsor's securities offering will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration pursuant to Rule 506(c) of Regulation D as promulgated under the Securities Act ("Private Placement"). In addition, the offering will not be registered under any state securities laws in reliance on exemptions from state registration. Such securities (your ownership interests) are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under applicable state and federal securities laws pursuant to registration or an available exemption. All Private Placements on the Platform are intended solely for "Accredited Investors," as that term is defined in Rule 501(a) under the Securities Act.
Nothing presented on this page constitutes investment advice (whether regarding specific securities or overall investment strategies), recommendations, offers to sell, or solicitations to purchase any security. Professional securities advice is strongly recommended to comprehend and evaluate the risks inherent in real estate or private placement investments.
Internal Revenue Code Section 1031 ("Section 1031") involves intricate tax principles, and tax implications may differ based on individual investor circumstances. Anchor1031, LLC and Quincy Wells Capital, LLC provide no representations or warranties regarding the tax consequences of your investment or whether the IRS will accept such tax treatment. Consultation with and reliance upon your personal tax advisor regarding tax implications specific to your situation is essential.
