Griffin Capital Union – Kansas City, MO DST
Key Investment Facts
Structure: Delaware Statutory Trust
Sponsor: Griffin Capital
Property Type: Multifamily
Location(s): MO
Estimated Holding Period: 10 Years
Assumable Loan: 54.1% LTV
Current Distribution Rate: 4.30%
Distribution Frequency: Monthly
721 Exchange (UPREIT): None
Investment Overview
Union Berkley Riverfront (“Union Berkley”) is a premier 407-unit garden-style community in the popular Berkley Riverfront submarket of Kansas City, Missouri. Constructed in 2018, each unit boasts top-of-the-line finishes, including open-space living rooms, GE Energy Star appliances, Lyric smart thermostats, and full-size washer/dryer set.
The Property is positioned within Kansas City’s rapidly evolving Berkley Riverfront, a district at the center of over $1 billion of public and private investment. The neighborhood is undergoing a transformation, driven by catalytic projects and infrastructure improvements that are reshaping the city’s connection to the riverfront.
The surrounding Berkley Riverfront Park, anchored by the newly completed CPKC Stadium, is being transformed into a vibrant mixed-use destination with thousands of square feet of retail, a town square, boutique hotel, riverfront promenade, and a variety of local dining and cultural experiences.
Investment Highlights
Premier riverfront location strategically positioned within Kansas City's $1 billion Berkley Riverfront redevelopment.
Kansas City averaged 4.1% annual rent growth from 2020-2024 and ranked among the top 10 nationally for the year ended Q3 2025
The property features high-quality construction and thoughtfully designed architecture, complemented by a best-in-class amenity package.
Nearly half (49.2%) of the population within a one-mile radius of the property is between the ages of 20 and 39, representing a prime renter demographic.
Over the past year, the market absorbed approximately 3,400 units, in line with the four-year average.
Investment Sponsor Overview
About Griffin Capital
Griffin Capital’s Delaware Statutory Trust (DST) Program offers investors seeking tax-deferred 1031 Exchange solutions access to institutional-quality real estate assets. By focusing on properties in strategic locations with strong economic and demographic fundamentals, Griffin Capital structures DST offerings designed to provide potential for stable income and long-term appreciation. As part of Griffin Capital Company, LLC, a vertically integrated real estate investment firm that has owned, managed, sponsored, or co-sponsored approximately $23 billion in assets since 1995, investors benefit from a seasoned team with extensive market experience and a commitment to delivering innovative real estate investment solutions.
Griffin Capital’s Performance
Average Annual Return (ARR): 17.64%
Average Equity Multiple: 1.64x
Average Holding Period: 2.9 Years
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