Griffin Capital Completes Nashville Multifamily Project

Griffin Capital has completed construction on The Scottie, a 320-unit multifamily community in Nashville's Marathon Village, as part of its Opportunity Zone Fund II portfolio.

September 23, 2024

Griffin Capital Company LLC, a private real estate investment manager, has completed construction on The Scottie, a 320-unit multifamily community in Nashville’s Marathon Village neighborhood, just minutes from downtown and the historic Germantown area. The five-story development offers a mix of studio to two-bedroom units with upscale amenities, including a resort-style pool, social lounge, coffee bar, and pet-friendly spaces with a grooming station.

Paul De Martini, Griffin Capital’s chief investment officer, highlighted The Scottie as a key addition to their portfolio, reflecting the company’s focus on high-quality residential developments in vibrant urban areas like Nashville. The Scottie is one of 11 communities under development by Griffin Capital Qualified Opportunity Zone Fund II, L.P., which will include a total of 3,758 apartment units at a project cost of $1.3 billion.

Nick Rosenthal, co-CEO of Griffin Capital, emphasized the importance of The Scottie in providing modern housing and contributing to the growth of Marathon Village. Other developments by Griffin’s OZ Fund II include projects in Tempe, Arizona, and another Nashville property in partnership with Greystar Real Estate Partners.

Griffin Capital has raised approximately $1.7 billion in equity for its opportunity zone funds and manages 28 multifamily communities totaling over 9,800 units, with a project value of $3.2 billion. Since 1995, Griffin has managed $23 billion in assets across various real estate sectors.