Griffin Capital Acquires, Begins Construction on Atlanta Multifamily Development
Real estate investment manager Griffin Capital Company has acquired and broken ground on University Parkway, a 345-unit multifamily development near Atlanta in Gwinnett County, Georgia.
University Parkway is planned as a garden-style multifamily community with three- and four-story buildings, targeting long-term asset performance.
“The acquisition of University Parkway is rooted in our commitment to identifying submarkets that combine limited new supply, robust population growth, and access to major employment nodes,” said Paul De Martini, chief investment officer at Griffin Capital Company. “Gwinnett County exemplifies these characteristics, and we anticipate this community will deliver competitive returns for our investors while meeting a critical housing need.”
The property will be associated with a Regulation D offering, the terms of which have not been publicly disclosed.
Situated just 10 minutes from Downtown Lawrenceville, the county seat and a regional employment center, University Parkway will offer direct access to I-85, Atlanta’s primary employment corridor. The development’s location also leverages proximity to the Rowen project, a 2,000-acre master-planned mixed-use research campus.
“Our vision with University Parkway is to deliver a development that generates positive economic impacts for Gwinnett County and establishes long-term value for our stakeholders. By aligning high-quality construction with proximity to transformational projects like Rowen and vital infrastructure such as I-85, we are uniquely positioned to provide a great residential experience and long-term investment performance,” said Nick Rosenthal, co-chief executive officer at Griffin Capital.
Construction began this month with completion expected in 2028.
Earlier this month, Griffin fully subscribed Griffin Capital (Heritage – Gonzales, LA) DST after raising nearly $37.13 million. The trust, which launched in July 2025, owns The Oaks at Riverbend, a 299-unit multifamily community located in the Ascension Parish submarket of Baton Rouge, La.
Griffin Capital’s investment team is exclusively focused on the rental housing segment with strategies targeting multifamily, build-to-rent, and student housing investments. The firm’s rental housing portfolio includes 41 communities, totaling over 13,667 rental housing units and 693 student housing beds, representing a total project value exceeding $4.4 billion.
Griffin Capital Company is a full-service real estate investment and management company. Since 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.5 billion in assets across a range of real estate sectors and investment structures. Griffin’s senior executives and employees have co-invested more than $300 million in various investment verticals.
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