Union Berkley Riverfront
Multifamily (Class A garden-style) property in Kansas City, MO — sponsored by Griffin Capital
Files with the SEC as Griffin Capital (Union - Kansas City, MO) DST
Minimum investment
$25k
Offering size
$59.9M
How much has sold
86.0%
Asset type
Multifamily (Class A garden-style) property
Location
Kansas City, MO
Financing
Not stated. The filings for this offering do not say whether it carries mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Union Berkley Riverfront is a 407-unit Class A apartment community in Kansas City's Berkley Riverfront district, held in a Delaware statutory trust (DST) — fractional beneficial interests the IRS treats as replacement property for a 1031 exchange. Griffin Capital bought it from Buckingham Companies for $113.5 million and is raising equity under Rule 506(c), the rule permitting public advertising so long as every buyer's accredited status is verified.
Built 2018; bought $113.5M from Buckingham (largest single-property KC sale); ~$59.9M equity raise launched Dec 2025
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These links support the public record as a whole; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
The community was completed in 2018 in Kansas City's Berkley Riverfront district, and the Kansas City Business Journal reported its November 2025 sale as the city's largest single-property apartment transaction. Griffin Capital bought it from Buckingham Companies for $113.5 million. Baker 1031's offering page describes two four-story residential buildings on roughly 6.25 acres, a 437-space parking garage, and 14,242 square feet of commercial space.1
- Property address
- 1000 Berkley Pkwy, Kansas City, MO
- Property size
- 407 units
Who is the tenant, and what's the lease?
Income comes from residents on short-term apartment leases, not one corporate tenant. Griffin Capital's investor presentation describes reliance on a Master Tenant, which engages the property manager and may defer part of the rent it owes under the master lease; the presentation does not name that Master Tenant.2
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
86.0% reported sold
- Amount sold
- $51,360,340
- Still available
- $8,513,079
- Investors reported
- 133
- Total offering
- $59,873,419
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How is it financed, and what does it pay?
This Trust is leveraged: the sponsor's investor presentation describes mortgage loan proceeds raised alongside investor equity, on interest-only terms, meaning principal is not paid down over the loan's stated term.2 Debt service is paid before anything reaches beneficial owners. No lender is named in the material reviewed.
Who's behind it?
Griffin Capital sponsors this Trust through Griffin Capital Institutional Property Exchange, LLC, the arm of the firm that packages real estate for 1031 exchangers. It announced the acquisition on January 7, 2026, describing a Class A community in Kansas City's Berkley Riverfront district. An SQX Alts profile dated August 26, 2026 placed this offering alongside the firm's opportunity zone and build-to-rent platforms.
- Sponsor
- Griffin Capital
- Legal Trust name
- Griffin Capital (Union - Kansas City, MO) DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 3 active / 5 total offerings from Griffin Capital
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The initial Form D notice has been followed by a steady run of amendments, each doing the same job: updating the running amount sold and the investor count as subscriptions closed. The total offering amount has not changed since it was first recorded.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 13
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is Union Berkley Riverfront still raising money?
Top1031 lists Union Berkley Riverfront as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Union Berkley Riverfront?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Is this Trust still accepting investors?
It appears to be. The most recent Form D amendment on file is dated July 30, 2026 and reported equity still unsold, and an SQX Alts profile dated August 26, 2026 described the Griffin Capital (Union – Kansas City, MO) DST as currently in market with a $25,000 minimum investment. Form D data is issuer-reported and can lag actual closings, so confirm current availability with Griffin Capital or your broker-dealer before identifying this Trust in an exchange.[3]
What does buying a DST interest do for my 1031 exchange?
A Delaware statutory trust holds title to the real estate and issues beneficial interests that the IRS treats as replacement property for a like-kind exchange. That lets an exchanger meet the 45-day identification and 180-day closing deadlines without buying an entire building alone. In return, you hold a passive fractional interest and cannot direct property-level decisions.
How is the property financed?
Griffin Capital's investor presentation for the Trust states a maximum offering amount of $59,873,419 plus loan proceeds of $70,551,000, a loan-to-offering price of 54.1%, an interest rate of 4.83%, and 10-year interest-only loan terms.[2] Those are sponsor-stated terms; the PPM — the Private Placement Memorandum that governs the offering — and the loan documents control. The lender is not identified in the material reviewed.
How leased was the property when the offering launched?
Griffin Capital's investor presentation reports that as of November 30, 2025 the 407-unit property was 93.9% leased, with average rent of $1,610 per unit, or $1.72 per square foot.[2] That is a point-in-time sponsor figure from before the raise began, not current occupancy; apartment leases roll continuously, so ask the sponsor for the latest operating report.
Who manages the apartments day to day?
The offering materials describe a Master Tenant that leases the property from the Trust and engages a property manager, and they disclose that the Master Tenant may defer a portion of the rent payable under the master lease.[2] Neither the Master Tenant nor the property manager is named in the material reviewed, so the identities and the lease terms have to be confirmed in the PPM.
What did Griffin Capital pay for the property?
$113.5 million, paid to Buckingham Companies, according to Griffin Capital's acquisition announcement and trade coverage of the deal. The Kansas City Business Journal reported the November 2025 transaction as Kansas City's largest single-property apartment sale. The equity portion of that capitalization is the roughly $59.9 million raise recorded on the Trust's Form D.
Chapter 9Griffin Capital Acquires Union Berkley Riverfront Apartments in Kansas CityAltsWire reports Griffin Capital acquired Union Berkley Riverfront from Buckingham Companies for $113.5 million on behalf of the Griffin Capital (Union - Kansas City, MO) DST, with an approximate $59.9 million equity raise. Griffin Capital acquires Union Berkley apartments that sparked riverfront transformationKansas City Business Journal reports that Griffin Capital purchased the 407-unit Union Berkley Riverfront apartment complex, reportedly Kansas City's largest single-property apartment sale, from Buckingham Companies.