Griffin Capital (Union - Kansas City, MO) DST

The absence of any prior EDGAR filings from Griffin Capital and the presence of only two named GPs (Shields and Rosenthal) among five total indicates this is either a new manager entering the registered fund space or an established DST operator formalizing a previously private or state-registered offering; the 06c exemption (accredited investors only) combined with the DST structure confirms this manager operates in the institutional real estate/tax-advantaged investor niche rather than broad private equity or VC.

Filing an amendment to a $60M DST raise in May 2026 reflects the manager's response to continued LP demand for tax-efficient real estate vehicles in an environment where interest rates and cap rates have stabilized enough to support new deal sourcing; DST raises typically move slower than traditional PE funds and this mid-year filing timing suggests confidence in closing the remaining $23M over the next 12 months.

Before committing capital, verify the identity and prior real estate experience of both Shields and Rosenthal, as well as whether Griffin Capital has any undisclosed or informal track record managing DST portfolios outside of EDGAR filings; also confirm whether the three unnamed GPs hold carry, co-GP, or advisor roles, since DST structures sometimes obscure true decision-making authority and fee arrangements.