Your Questions: Answered

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Who is Griffis Residential?

Founded in 2004, Griffis Residential is a Denver, CO based, vertically-integrated multifamily owner and operator currently managing approximately 7,700 apartment units, with a reputation built on the founder’s nearly three decades of successful real estate investing, a time-tested investment strategy, and a track record of long-term value creation through multiple market cycles. Griffis Residential assets under management total $2.0 billion.

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Who can invest in Griffis Residential Investments?

Griffis Premium Apartment Fund V offering relies on Rule 506(c) of Regulation D under the Securities Act of 1933, as amended, and is open to Accredited Investors.

To learn more on accreditation requirements, see information from the SEC here.

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Where does Griffis Residential invest?

Griffis Residential invests in select U.S. innovation hubs, where we believe rent growth is likely to outpace the US average. Fund V will target multifamily investments in Austin, Denver, Los Angeles, Portland, San Diego, Seattle, and Silicon Valley/Bay Area. These markets have generally experienced strong growth in employment, wages and population.

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What is the Griffis Residential Investment Strategy? What types of assets does Griffis Residential target?

Griffis Residential targets multifamily assets that contain 150+ units and have a total project cost typically ranging from $50 million to $150+ million. These properties are located in the target markets, which feature a combination of favorable supply/demand dynamics, attractive demographic characteristics, appealing lifestyle amenities and sound economic fundamentals.

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How does Fund V compare to Fund IV?

Fund V is targeting $425 million in capital commitments.

Fund IV has made seven investments representing $379.5 million of committed Fund IV equity in the two years following its initial closing, with an average equity investment per property of $54 million. Fund V will deploy a similar investment strategy and expects to invest equity at a comparable pace. Based on prior experience, it is likely that Fund V equity will be deployed over two and a half years.

Griffis Residential’s past performance demonstrates implementation of its time-tested and replicable investment strategy through multiple market cycles. Investors are encouraged to review the in-depth performance information in our data room once they have been verified.

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What is the sponsor’s commitment to Fund V?

The sponsor, including principals and key employees, will collectively invest $12 million of the total capital commitments of Fund V.

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How are the interests aligned between the General Partners and Limited Partners (Investors)?

Griffis Residential is focused on achieving attractive risk-adjusted returns for its investors, wealth preservation, and establishing and maintaining long-term investor relationships. To ensure alignment of interest (i) Griffis Residential’s principals will have a material amount of net worth invested in Fund V and (ii) an affiliate of the sponsor earns a performance-based carried interest after investors receive 100% of their capital plus the preferred return (this distribution structure will incorporate a “hard hurdle” which produces a more linear incentive system and better alignment of General and Limited Partner interests). Historically, the vast majority of the company’s limited partners have been repeat investors, with many relationships enduring over 30 years and multiple market cycles.

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How many investments are targeted in total? What is the expected average equity contribution amount for each investment?

It is anticipated Fund V will make between 7-12 investments, with an average equity commitment per asset of $40-$80 million.

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What is the length of the investment period?

The investment period begins upon first close and ends 30 months after the final closing.

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How will I manage my investment?

Griffis residential provides all investors with access to an online portal, where investors can view and receive documents, receive investment and distribution updates, download tax documents, and contact an Investor Relations associate at any time during their investment.

 

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How will I manage my tax accounting?

Through your secure investor portal, you have access to all tax and financial documents. In addition, Griffis Residential can send documents directly to your CPA.

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How do Capital Calls work?

Once you have fully committed to investing in an offering, you will be notified of future capital calls. Capital is called anytime from initial closing through the 30-month anniversary of the final closing.

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Can I cash out early?

No. Real estate investments have a longer term time horizon than that of other types of investments like liquid stocks or bonds. Griffis Residential Fund V offering has a time horizon of 10 years. However, you will receive distributions as soon as the first deal is ready to distribute capital.

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Can I invest via an LLC, Trust, or LP?

Yes, Investors are able to invest through these entities.

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