Griffin Capital Company (“Griffin”), a real estate investment manager focused on institutional rental housing investments, announced the acquisition of Union Berkley Riverfront Apartments, a 407-unit, Class A multifamily community located in Kansas City’s Berkley Riverfront district.
Completed in 2018, Union Berkley Riverfront is one of only two luxury apartment communities situated directly along the Missouri River and is located within Port KC’s 55-acre master-planned riverfront redevelopment that will bring an expansion of restaurants and amenities to the neighborhood in 2026. The property features modern one- and two-bedroom residences with contemporary finishes, and the modern common area amenities that residents seek, including 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. The metro has benefited from significant corporate investment and infrastructure development, while maintaining relative affordability compared to larger coastal markets. Multifamily occupancy in the market is projected to remain stable through the end of the decade, supported by disciplined new supply,” commented Griffin Capital’s Chief Investment Officer Paul De Martini.
Union Berkley Riverfront 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 scheduled to open in early 2026, with a stop adjacent to the property. The community has demonstrated strong operating performance, achieving high occupancy and positive leasing momentum. Comparable Class A communities in the submarket are leasing at higher rent levels, highlighting the property’s competitive positioning within the riverfront corridor. Griffin plans to implement a targeted capital investment program focused on maintaining the property’s competitive position and enhancing the resident experience, while transitioning management to a leading institutional multifamily operator with a significant local presence.
“The acquisition aligns with Griffin’s strategy of investing in institutional-quality rental housing assets located in markets with durable fundamentals and long-term growth drivers,” added Griffin Capital’s Co-Chief Executive Officer, Nick Rosenthal.
About Griffin Capital Company
Griffin Capital Company is a leading full-service real estate investment management firm with a nearly 30-year track record of leadership, innovation, and disciplined execution. Since its founding in 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.5 billion1 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 45 institutional-quality communities, comprising over 14,700 multifamily units and 693 student housing beds, representing a total project value exceeding $4.9 billion.2
Griffin Capital remains committed to creating value through thematic investment strategies and delivering thoughtfully developed housing solutions that benefit both communities and capital partners.
1. Includes estimated total project costs for assets in various stages of development.
2. As of September 30, 2025.
Additional information is available at: www.griffincapital.com.
