Griffin Capital Completed $59.9 Million Multifamily Offering

The firm finalized a subscription for the 407-unit Union Berkley property in Kansas City.

Updated on Sept. 29, 2026 in Commercial

Bold flat-color editorial illustration depicting a stylized multi-unit residential building, representing a real estate investment transaction. — Griffin Capital has completed a $59.9 million subscription for the 407-unit Union Berkley multifamily residential property in Kansas City. AI Illustration. Upload story photo >

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Griffin Capital has officially completed a $59.9 million subscription for the Union Berkley multifamily offering. The class A property, located in the Berkley Riverfront district, features 407 total units.

Why it matters

The property sits in the Olathe submarket, leveraging proximity to major employment hubs and ongoing local infrastructure projects. Its strategic position aims to capitalize on both existing economic strength and upcoming regional developments.

The Union Berkley property contains 407 units and is classified as a class A multifamily asset. It is situated near the $171 million CPKC Stadium development.

The players

Griffin Capital

An investment management firm that focuses on private real estate and alternative investment strategies.

The details

Investors have fully subscribed to the $59.9 million offering managed by Griffin Capital, which acquired the property in November 2025. The site is further supported by a planned riverfront master plan and a proposed streetcar extension designed to increase accessibility.

Griffin Capital acquired the Union Berkley Riverfront Apartments in November 2025.
The completion of the $59.9 million subscription was announced on September 29, 2026.

Roadmap

This project integrates into the long-term Berkley Riverfront master plan to reshape urban density in Kansas City. It illustrates the growing trend of private equity prioritizing multifamily assets near large-scale public infrastructure projects and sports hubs.

The completion of this offering ensures the continued operation and potential expansion of the 407-unit complex for local residents. It also reflects broader growth in the Olathe submarket, which may correlate with increased local commercial activity and improved transit connectivity.

The takeaway

The successful subscription highlights continued investor demand for class A multifamily assets in emerging urban districts. Prospective tenants or local investors should monitor how the integration of the streetcar extension influences long-term property values in the riverfront area.