Griffin Capital Fully Subscribes $59.9 Million Multifamily DST in Kansas City, Missouri
Griffin Capital Company, LLC (“Griffin Capital”), a leading private real estate investment manager, announced that Griffin Capital (Union – Kansas City, MO) DST (the “Trust”) is fully subscribed after raising nearly $60 million of equity. The Trust owns Union Berkley Riverfront Apartments, a 407-unit, Class A multifamily community completed in 2018 and located in Kansas City’s Berkley Riverfront district. One of four luxury apartment communities situated directly along the Missouri River, the property sits within Port KC’s 55-acre master-planned riverfront redevelopment and offers residents contemporary one- and two-bedroom residences, with amenities that include a resort-style pool, pickleball court, and bike storage.
“Kansas City continues to demonstrate strong multifamily fundamentals, supported by population growth, job creation, and economic diversification, while maintaining relative affordability compared to larger coastal markets. Union Berkley Riverfront reflects our commitment to identifying quality assets in markets characterized by strong economic conditions, favorable demographics, and enduring rental housing fundamentals. That profile is what supports the objectives our 1031 investors care about most: principal preservation and consistent income,” stated Paul De Martini, Chief Investment Officer at Griffin Capital.
“We were very pleased with the investor receptivity to this offering, which we believe was driven by the property’s attractive basis and the strength of the Kansas City rental market. The transaction reflects Griffin’s focus on institutional-quality rental housing in high-growth markets,” added Griffin Capital’s Co-Chief Executive Officer, Nick Rosenthal.
Griffin Capital acquired Union Berkley Riverfront Apartments in November 2025. The property is positioned to benefit from substantial public and private investment occurring within the Berkley Riverfront district, including new green space, a riverwalk, retail development, the $117 million CPKC Stadium, and a planned streetcar extension with a stop adjacent to the property. Griffin Capital continues to source institutional-quality rental housing assets for future 1031 exchange programs; financial professionals interested in upcoming offerings should contact Griffin’s sales desk.
About Griffin Capital Company1
Griffin Capital Company is a leading full-service real estate investment management firm with a 30-year track record of disciplined execution. Since its founding in 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.6 billion in assets across a wide range of real estate sectors and investment vehicle structures. The firm’s senior executives and employees have co-invested more than $300 million across its investment platforms, reinforcing its strong alignment with investor interests. Griffin Capital’s investment team is exclusively focused on the rental housing segment of the market, with strategies targeting multifamily, build-to-rent (“BTR”), and student housing investments. The firm’s rental housing portfolio includes 41 communities, comprising over 13,600 rental housing units and 693 student housing beds, representing a total project value exceeding $4.6 billion.2 Griffin Capital invests through thematic strategies in rental housing, with the objective of delivering durable value to its investors and the communities in which it operates.
1. As of June 30, 2026.
2. Includes estimated total project costs for assets in various stages of development.
Additional information is available at: www.griffincapital.com.
