Griffis Residential Acquires 285 Apartment Homes In Denver, CO

Griffis LoDo, Downtown Denver, Colorado

Griffis Residential is pleased to announce that Griffis Premium Apartment Fund V (Fund V) has acquired Verve Denver Apartments (rebranded Griffis LoDo). The transaction is the sixth acquisition for Fund V.

  • Units / Year of Construction: 285 / 2014
  • Dynamic Location: A high quality, steel and concrete mid-rise tower located at 15th and Delgany in downtown Denver. The location offers easy access to the city’s largest employers and finest lifestyle and cultural amenities.
  • Opportunity: Lower rents than existing communities in downtown Denver in less favorable locations provides substantial headroom for rent growth. Ancillary income opportunities and more effective asset and property management to drive strong management turnaround and income growth.
  • Attractive Financing: Fixed 2.7%, 10-year interest-only loan