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Edward Griffin Email
CEO . Griffin Partners
Houston, TX
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Employees:
96Revenue:
$13.1MAbout
Griffin Partners is a full service investment management company focused exclusively on commercial real estate. Formed by Fred Griffin and Drew Lewis from several ongoing companies and recognized individuals, the company specializes in adding value and improving investment returns from real estate assets and offers a full range of services to its clients that consist of tenants, corporate and institutional owners, and individual investors. The firm's service s include asset management, property management, marketing and leasing, development, acquisition/disposition and finance. The experience of the partners spans over 30 years and involves almost every type of commercial real estate requirement. The principals distinguish their performance by investing their own capital in each owned asset and handling the prime services personally. The principals of the firm are committed to responsive, high performance service s that typically out-perform benchmark comparisons. The company's acquisition program was started in 1999 and due to its success, expanded in 2002 to allow for increasing opportunities and demands from capital partners. As investors have shifted their portfolios to a higher allocation in real estate, they have recognized the need for partners they can count on, and Griffin Partners' goal is to meet that need. The careers of the principal partners involve hundreds of assignments, millions of square feet, and a virtual who's who of companies and individuals. In all of these assignments they have built a reputation of providing the best possible returns and a relationship based on integrity that their clients can trust. Since the inception of the company's acquisition program in 1999, Griffin Partners has completed the acquisition or development of eleven projects, comprising approximately 2,000,000 square feet and $140,000,000 in value. Recently, Griffin Partners completed a recapitalization of several assets in one of its institutional investment portfolios resulting in an internal rate of return to the institutional investor of 19.6%. Currently Griffin Partners anticipates acquiring three to five projects per year. These projects are typically purchased at discounts to other comparative properties, have good cash flow, and the ability to add value through aggressive leasing and efficient management. Target leveraged investment returns are in the range of 18% to 22%. Griffin Partners' acquisition program creates opportunities for both institutional and qualified individual investors to participate as limited partners on a project level basis. The current program is expected to deploy between $15,000,000 and $20,000,000 of equity investment capital per year. Griffin Partners investment structures typically provide a preferred return to the limited partners, and share profits that exceed the preferred return. The principals of Griffin Partners invest their own capital, manage the assets, and in certain cases, guarantee any debt.Griffin Partners Address
10777 WestheimerHouston, TX
United States