Griffis Residential Sells Griffis At Lowry Apartments

Griffis Lowry, Denver, Colorado

Griffis Residential is pleased to announce that Griffis Premium Apartment Fund III (Fund III) has sold Griffis at Lowry Apartments, a 150-unit Class-A multifamily community located in Denver, Colorado. The property was acquired in December 2015 and sold in August 2019. During the 3.7-year hold period an enhanced resident experience and a variety of asset management initiatives, contributed to a significant increase in net operating income. Other income at sale was was over 3x higher than takeover, representing increased capitalized value at disposition.