Griffin Capital (Union - Kansas City, MO) DST

With no prior EDGAR filings and only two named GPs (Shields and Rosenthal), Griffin Capital operates as a nascent or newly-formalized entity, making this a first-filing raise and leaving no public record of how this team has staged prior vehicles or deployed capital—allocators will need to source references and prior fund documents outside SEC filings.

A mid-2026 filing during a period of DST market repositioning and rising institutional interest in alternative real estate structures timing suggests the manager is capitalizing on LP appetite for yield and liquidity in the DST space, though the 63% close rate indicates moderate traction and possible extended fundraising runway.

Before committing, verify whether either Shields or Rosenthal has key-man provisions tied to their continued involvement, confirm the underlying asset pool and whether this is a seasoned portfolio being repackaged into the DST wrapper (which would affect risk profile), and cross-check whether Griffin Capital has conducted prior raises outside EDGAR through exempt offerings.