Griffis Residential announced the launch of Griffis Premium Apartment Fund VII, a new value-add real estate investment fund focused on acquiring underperforming Class-A apartment communities in high-growth U.S. markets. The fund is targeting $550 million in commitments and follows the firm’s strategy of purchasing institutional-quality multifamily properties with operational or performance upside.
The Denver-based multifamily investment firm said the new fund will continue the strategy used across its prior funds, which focuses on improving resident satisfaction, executing design upgrades, and applying institutional property management to drive rental growth.
Fund VII has already completed its first acquisition: Griffis North Olive, a 263-unit apartment community in West Palm Beach, Florida. The property, previously known as Loftin Place, was acquired on March 10, 2026.
Griffis Residential currently owns and manages nearly 10,000 apartment units across 31 communities in 13 metropolitan markets nationwide. The firm noted that its vertically integrated platform allows it to improve property performance through direct management and operational enhancements.
The launch of Fund VII comes after the firm deployed approximately 95 percent of the capital from its prior vehicle, Fund VI. That fund recently completed an off-market acquisition of a 1,421-unit multifamily portfolio spanning four markets.
Griffis Residential said national apartment values have declined about 18 percent while construction costs have increased roughly 40 percent over the past four years. The firm believes these market conditions are creating attractive acquisition opportunities for well-capitalized investors.
The company also noted that homeownership affordability challenges continue to support demand for rental housing. Griffis Residential has historically focused on high-growth innovation hubs across the United States and currently manages a $3.6 billion portfolio of institutional-quality apartment communities.
The firm operates with approximately 300 employees across multiple markets including Austin, Dallas, Denver, Frisco, Los Angeles, Orange County, Portland, San Diego, Seattle, Silicon Valley, Bethesda, Pompano Beach, and West Palm Beach. Griffis Residential said its founders bring more than 40 years of multifamily investment experience and the firm has built a reputation for maintaining performance across multiple market cycles.
KEY QUOTES
“With values down 18% nationally and construction costs up 40% in the past four years, apartment investment opportunities may prove to the most attractive we have seen in years. Homeownership remains out of reach for many, but apartment affordability is remarkably healthy. With our team’s exceptional record in delivering value to residents, we are well-positioned for the future.”
Ian Griffis — Chairman And Co-CEO, Griffis Residential
