Griffin Capital (Windsor Hill - North Charleston, SC) DSTFirst filed 2024No evidence of sale or full cycle; Griffin Capital announced on Dec 9, 2024 that the trust was fully subscribed at $45M for The Isley at Windsor Hill (332-unit multifamily in North Charleston, SC, operated by Greystar), and the property continues to be actively marketed for rent (Griffin Capital press release, Dec 9, 2024). Source ↗
The Oaks at RiverbendMultifamily·Gonzales, LouisianaSEC filing, Mar 12, 2026
$37.1M
$36.8M
99%Filed Mar 12, 2026
Sold out
Multifamily
Meadow+MainMultifamily·Jenks, OklahomaSEC filing, Mar 4, 2026
$23.5M
$100kNone sold yetNone sold yet, as reported in the sponsor’s latest SEC filing.Filed Mar 4, 2026
Availability unconfirmed
Chapter 4
Who is behind this record?
Griffin Capital Company, LLC is a real estate sponsor whose 1031 exchange programs are offered through its affiliated Griffin Institutional Property Exchange platform, which concentrates on institutional-quality Class A multifamily property. In September 2020 the firm described one such offering as its 26th tax-advantaged private placement over the preceding 16 years, and it states that its investment team is focused exclusively on rental housing across multifamily, build-to-rent and student housing. In January 2026 Griffin reported 45 communities, more than 14,700 multifamily units and 693 student-housing beds, with total project value above $4.9 billion. Full-cycle sales include Emeryville office space and Las Vegas apartments in 2022 and a Bedford, New Hampshire community in July 2024.
Griffin Capital Company, LLC, identified in its own materials as Griffin Capital, sponsors 1031 exchange offerings through Griffin Institutional Property Exchange (GPX), an affiliate the firm describes as focused on institutional-quality Class A multifamily property; in September 2020 Griffin characterized one such offering as its 26th tax-advantaged private-placement solution sponsored over the preceding 16 years1. Griffin states that its investment team is exclusively focused on rental housing, with strategies targeting multifamily, build-to-rent and student housing2, and it identifies Griffin Capital Residential Partners as its dedicated build-to-rent platform3. In January 2026 the firm reported a rental-housing portfolio of 45 institutional-quality communities, more than 14,700 multifamily units and 693 student-housing beds, with total project value exceeding $4.9 billion4. Top1031 tracks ten Griffin Capital Delaware Statutory Trust programs, the earliest first filed in 2009 and the most recent in 20265. Apollo's Form 8-K of January 27, 2022 described an all-stock agreement to acquire Griffin's U.S. wealth-distribution and asset-management businesses in two phases, and completion of the U.S. asset-management portion was announced on May 3, 20226.
Completed programs
Griffin reported that the 62,237-square-foot Shellmound office property in Emeryville, California, held on behalf of Griffin Capital (Shellmound) Investors, DST, sold for $36 million on January 10, 2022, which the sponsor described as producing an approximately 427% realized total net return and a 12.26% net internal rate of return over an approximately 15-year holding period7.
South Beach Apartments, a 220-unit Las Vegas multifamily community held on behalf of Griffin Capital (South Beach – Vegas) DST, sold for $97.5 million after an approximately 3.2-year hold at a 1.76x equity multiple; Griffin reported the sale on March 1, 2022 and described the result as an approximately 175.3% realized net total return and a 23.9% average annualized return to investors8.
Heritage on the Merrimack Apartments in Bedford, New Hampshire, held through Griffin Capital (Heritage – Bedford, NH) DST, sold on July 8, 2024 for $80 million after a 5.6-year hold, at a sponsor-reported 1.37x equity multiple9.
SEC filing records covering the sponsor's earlier private placements list additional completed programs disposed of between 2010 and 2015, including office, industrial and retail properties held in tenant-in-common and Delaware Statutory Trust form10.
2026 acquisitions and offering closings
On January 7, 2026, Griffin announced the acquisition of Union Berkley Riverfront Apartments, a 407-unit Class A multifamily community in Kansas City's Berkley Riverfront district4. On February 4, 2026, it announced the acquisition of Meadow+Main, a 138-unit purpose-built cottage-style build-to-rent community in Jenks, Oklahoma, on behalf of Griffin Capital Residential Partners, with the property being rebranded to the Meadow+Main trade name3. On March 9, 2026, Griffin reported that Griffin Capital (Heritage – Gonzales, LA) DST, which owns The Oaks at Riverbend, a recently developed 299-unit multifamily community, had been fully subscribed after raising more than $37 million of equity2.
Griffin Capital Fully Subscribes $37M Louisiana Multifamily DST OfferingAltsWire reports Griffin Capital fully subscribed the Griffin Capital (Heritage - Gonzales, LA) DST, which owns The Oaks at Riverbend multifamily community, after raising nearly $37.13 million in equity; the trust launched in July 2025.
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