Griffis Residential secures $86M refinancing for Denver property. Griffis Residential has secured $86.05 million in financing for Griffis Union Station, its 400-unit, Class A multifamily community located at 2905 Inca St. in the heart of downtown Denver. Working on behalf of Griffis Residential, JLL placed the five-year senior agency loan, led by Senior Managing Director Eric Tupler, Senior Director Kevin Barron and Director Jake Martin. Griffis acquired the property in 2017 for $126 million from Monogram Residential Trust, according to Yardi Matrix. Completed in 2010, Griffis Union Station stands five stories tall and offers one- and two-bedroom units averaging 918 square feet each. A portion of the units have been fully renovated and feature new countertops, backsplashes, stainless steel appliances and improved lighting. Property amenities include a fitness center, a resort-style pool, clubhouse, resident lounge, business center, grilling stations, game room and dog park and pet washing station. Griffis Union Station sits on a 4.95-acre lot close to LoDo, the Ballpark District and the RiNo Arts District. The property is within walking distance of Union Station. Residents also have immediate access to Interstate 25, providing convenient commutes to Denver Tech Center, Boulder and the entire Front Range. Greater Denver's multifamily pipeline remains active, with 3,041 new units delivered during the first four months of 2026 and another 19,042 units under construction, according to Yardi Matrix. Investment activity, however, has slowed, with $345 million in multifamily sales recorded through April, representing a more than 51% decline from the same period in 2025. Ulysses Development Group (UDG), the Douglas County Housing Partnership, the State of Colorado, members of the local community, and other partners Construction costs in Denver increased 4.55% year over year in Q3 2026, according to Rider Levett Bucknall's latest Quarterly Construction Cost Report.

GID acquires 524-unit Griffis North Creek multifamily community in Bothell, washington. September 29, 2026 BOTHELL, WASH. - GID has purchased Griffis North Creek, a multifamily property in Bothell, from Griffis Residential for an undisclosed price. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1999, Griffis North Creek features 524 one-, two- and three-bedroom apartments, with an average size of 835 square feet, spread across 23 three-story buildings. All units offer a private deck or patio, full-size washers/dryers, walk-in closets and linen closets. Community amenities include wooded walking trails, pagodas, footbridges, a renovated central clubhouse and lounge, a heated swimming pool and spa, two playgrounds and a fenced-in dog park.

Griffis Residential has sold Griffis North Creek, a 524-unit apartment community in the Seattle metropolitan area. The property was owned by Griffis Premium Apartment Fund IV. The Denver-based firm's investment strategy at the property produced net operating income growth nearly triple the National Council of Real Estate Investment Fiduciaries Property Index for apartments in the area. Targeted capital improvements and operational initiatives drove 50% NOI growth whilst improving resident satisfaction scores. Jim DiRienzo, senior vice president of investments, attributed the success to the company's disciplined approach using fixed-rate, long-term, low leverage financing and its vertically integrated management platform developed over 40 years. Griffis Residential operates a $3.8 billion portfolio across 13 markets.