At a glance
- The offering sought $23.52 million at a $25,000 minimum and made its first sale on Feb. 24, The DI Wire reported on Oct. 29.
- For advisors, the practical effect is a closed 1031 exchange option: a program that accepted $25,000 minimums since February is now closed to new money.
- Griffin bought Meadow + Main in January 2026 for $37.25 million on behalf of Griffin Capital Residential Partners, the build-to-rent division it formed in September 2025.
Griffin Capital Co. raised about $23.5 million and fully subscribed Griffin Capital Tulsa BTR DST, a Delaware statutory trust holding a 138-unit build-to-rent community in Jenks, Okla., the company said.
The offering sought $23.52 million at a $25,000 minimum and made its first sale on Feb. 24, The DI Wire reported on Oct. 29. The sponsor is Griffin Capital Residential Partners Institutional Property Exchange LLC. The trust owns Meadow + Main, completed in 2023 on 15.6 acres in the Tulsa area. It is Griffin's first build-to-rent DST.
For advisors, the practical effect is a closed 1031 exchange option: a program that accepted $25,000 minimums since February is now closed to new money. A client with a realized gain who had this trust on a shortlist now needs a different replacement property or sponsor.
Griffin bought Meadow + Main in January 2026 for $37.25 million on behalf of Griffin Capital Residential Partners, the build-to-rent division it formed in September 2025. The $23.5 million equity raise equals about 63% of the purchase price.
| DST | Property | Units | Equity raised | Closed |
|---|---|---|---|---|
| Griffin Capital Tulsa BTR | Meadow + Main, Jenks, Okla. | 138 | ~$23.5 million | Oct. 2026 |
| Griffin Capital (Heritage – Gonzales, LA) | The Oaks at Riverbend, Baton Rouge area | 299 | $37.13 million | March 2026 |
| Griffin Capital (Union – Kansas City, MO) | Union Berkley Riverfront Apartments, Kansas City | 407 | ~$60 million | September 2026 |
Griffin said it continues to source rental housing assets for future 1031 exchange programs.
Reported by the Fundraising desk from IREI and The DI Wire. Published . Corrections