Griffin Capital Fully Subscribes $37M Louisiana Multifamily DST Offering

Real estate investment manager Griffin Capital Company has fully subscribed Griffin Capital (Heritage – Gonzales, LA) DST after raising nearly $37.13 million of equity. The trust, which launched in July 2025, owns The Oaks at Riverbend, a recently developed 299-unit multifamily community located in the Ascension Parish submarket of Baton Rouge, La.

“We were very pleased with the investor receptivity to this offering, which we believe was driven by the attractive basis, strong fundamentals and compelling market dynamics associated with the property” said Andy Marrone, national sales director.

The property made its first sale on June 24, 2025.

“The Oaks at Riverbend reflects our commitment to identify high-quality assets in markets characterized by strong economic conditions, favorable demographics, and enduring rental housing fundamentals,” said Paul De Martini, chief investment officer at Griffin Capital. “These characteristics are identified to align with the investment objectives of principal preservation and consistent income.”

According to the company, the property offers residents close proximity to major employers and walkability to a variety of shops and restaurants.

Griffin Capital’s investment team is exclusively focused on the rental housing segment of the market, with strategies targeting multifamily, build-to-rent, and student housing investments. The firm’s rental housing portfolio includes 41 communities, comprising over 13,667 rental housing units, and 693 student housing beds, representing a total project value exceeding $4.4 billion.

Griffin Capital also recently announced the acquisition of two real estate transactions: a purpose-built build-to-rent community consisting of 138 single-family rental homes in Jenks, Okla., purchased for $37.25 million; and a 407-unit Class A multifamily acquisition in Kansas City, Mo., acquired for $113.5 million. Both properties are now available to investors seeking 1031 exchange investment opportunities.

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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