Griffin Capital Acquires 345-Unit Multifamily Development Site Near Lawrenceville, GA

Griffin Capital announced March 16 the acquisition and construction commencement of University Parkway, a 345-unit multifamily development site in suburban Atlanta, Georgia.

Project Overview: University Parkway Multifamily Development

University Parkway is planned as a three- and four-story, garden-style multifamily community in Gwinnett County, approximately 10 minutes from Downtown Lawrenceville, the county seat. The development will offer direct access to Interstate 85, Atlanta's primary employment corridor, and is situated near the Rowen development, a 2,000-acre master-planned initiative focused on agricultural investment, healthcare, and science.

The community is designed to emphasize modern living spaces and high-end resident amenities, with a focus on efficiency and long-term asset performance, according to the firm. Construction began in March 2026, with completion expected in 2028.

Griffin Capital's Investment Rationale

Paul De Martini, Chief Investment Officer at Griffin Capital Company, cited the submarket's supply and demand dynamics as central to the firm's decision to pursue the development.

"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," De Martini said. "Gwinnett County exemplifies these characteristics, and we anticipate this community will deliver competitive returns for our investors while meeting a critical housing need."

Nick Rosenthal, Co-Chief Executive Officer at Griffin Capital, highlighted the project's alignment with nearby infrastructure and development.

"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," Rosenthal said. "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."

Griffin Capital's Multifamily Strategy

The University Parkway development advances Griffin Capital's stated strategy of building institutional-quality multifamily assets in high-demand growth corridors. The firm's investment team is exclusively focused on the rental housing segment, with strategies targeting multifamily, build-to-rent, and student housing investments.

As of the announcement, Griffin Capital's rental housing portfolio includes 41 institutional-quality communities comprising more than 13,667 multifamily units and 693 student housing beds, representing a total project value exceeding $4.4 billion.

About Griffin Capital

Since its founding in 1995, Griffin Capital has owned, managed, sponsored, or co-sponsored approximately $24.5 billion in assets across a range of real estate sectors and investment vehicle structures, according to the firm. The firm notes that this figure includes estimated total project costs for assets under construction. The firm's senior executives and employees have co-invested more than $300 million across its investment platforms. Griffin Capital describes itself as a full-service real estate investment management firm with a nearly 30-year track record.

Sources: Griffin Capital Company — Official Announcement, March 16, 2026