Griffis Residential Acquires 304 Apartment Homes in Centennial, CO

Griffis at Fiddler's Green, Centennial, Colorado

Griffis Residential is pleased to announce that Griffis Premium Apartment Fund VI (Fund VI) has acquired 360 Degrees Apartments (rebranded Griffis at Fiddler’s Green). The off-market transaction, which was completed in under 30 days, is the first acquisition for Fund VI.

  • Units / Year of Construction: 304 / 2014
  • Dynamic Location: Griffis at Fiddler’s Green is located in the dynamic South Denver Tech Center market. The suburban location offers walkable amenities including upscale shopping and dining, and a large array of employers a few minutes away. Easy access to the I-25 corridor and nearby light rail stations provide convenient mobility, and pristine parks, trails, and open spaces create a desirable place to live.
  • Opportunity: High-quality mid-rise construction trading at a discount to estimated replacement cost, offering demonstrable below-market rents, management upside, and premium interior unit renovation opportunities to create value in all market conditions.
  • Financing: 10-year, interest-only at 4.98%.