Griffin Capital: Union – Kansas City, MO DST
Available
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.
Key Investment Features
Structure
Delaware Statutory Trust (DST)
Investment Sponsor
Griffin Capital
Property Type(s)
Multifamily
Location(s)
MO
Occupancy
93.9%
721 Exchange / UPREIT
None
Minimum Investment
$100,000
Investment Strategy
Buy & Hold
Year 1 Yield
4.30%
In-Place Loan
54.1% LTV
Avg. Remaining Lease Term
N/A
Cash Flow Forecast
Year 1
Year 2
Year 3
Year 4
4.30%
4.33%
4.54%
4.86%
Year 5
Year 6
Year 7
Year 8
5.20%
5.53%
5.88%
5.81%
Year 9
Year 10
5.64%
6.34%
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.
Advantages
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.
Weaknesses
Cash flows decrease in Year 8 and Year 9 due to replenishment of capital reserves.
Broader national market improvements are unlikely to have as large an impact on the market. Negative national market changes are likely to disproportionately affect the local market.
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