Griffin Capital Fully-Subscribes $45 Million Multifamily DST in North Charleston, SC
Griffin Capital Company, LLC (“Griffin Capital”), a leading private real estate investment manager, announced its multifamily 1031 Exchange Delaware Statutory Trust (“DST”) offering, The Isley at Windsor Hill, a recently developed 332-unit multifamily community located in North Charleston, South Carolina, is fully subscribed after raising over $45 million of equity.
The Isley at Windsor Hill is situated in the rapidly growing submarket of North Charleston, South Carolina, offering an ideal commuter location with proximity to Charleston’s major employers, such as Boeing, Mercedes-Benz, Trident Health, Charleston International Airport, the Port of Charleston and the U.S. military’s Joint Base Charleston. The property provides residents convenient access to retail and entertainment amenities such as Publix, Target, and Topgolf.
“Multifamily communities like The Isley at Windsor Hill exemplify Griffin’s investment focus of acquiring well-located real estate in markets with strong economic, demographic, and apartment fundamentals which provides downside protection and growth opportunities for our investors,” said Paul De Martini, Chief Investment Officer at Griffin Capital.
About Griffin Capital Company
Griffin Capital Company is a leading full-service real estate investment and management company that for nearly three decades has established a reputation for leadership and innovation led by a team of cycle-tested professionals with expertise in acquisitions, investment management, capital markets, financial reporting, legal, development, and construction management. Since 1995 the Firm has owned, managed, sponsored and/or co-sponsored approximately $23 billion in assets1 across a wide range of real estate sectors and investment structures. The Company’s senior executives and employees have co-invested over $300 million in various investment verticals, aligning Griffin Capital’s interest with those of its investors.
- Includes estimated total project costs for assets under construction.
Additional information is available at: www.griffincapital.com.
