Griffis Residential Closes Fund VII with $207 Million in Commitments
Griffis Residential announced the first close of its Griffis Premium Apartment Fund VII, securing approximately $207 million in capital commitments. The fund continues the company's strategy of acquiring multifamily properties in select U.S. markets.
Denver, CO – October 9, 2026 – Griffis Residential, a multifamily real estate investment manager, has announced the initial closing of its Griffis Premium Apartment Fund VII, securing approximately $207 million in capital commitments. This fund succeeds the company's previous Fund VI, which raised $525 million, and builds upon Griffis Residential's over 40 years of investment and operational experience.
The new fund will pursue Griffis Residential's established value-add investment strategy. This involves acquiring high-quality multifamily communities located in U.S. markets identified as having favorable demographics, affordability metrics, and positive supply and demand dynamics. The company aims to leverage current market conditions to acquire assets at discounted prices.
Griffis Premium Apartment Fund VII has already made its first acquisition: Griffis North Olive, a 263-unit apartment community in West Palm Beach, Florida. Acquired in March 2026 for approximately $104 million, the property aligns with the fund's strategy of investing in well-located communities with potential for value creation through targeted improvements and enhanced management.
Griffis Residential currently owns and manages approximately 9,500 units across 13 U.S. markets. The company states its investment strategy has proven resilient through various market cycles.