-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001469748-09-000001.txt : 20090810
<SEC-HEADER>0001469748-09-000001.hdr.sgml : 20090810
<ACCEPTANCE-DATETIME>20090810154911
ACCESSION NUMBER:		0001469748-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090810
DATE AS OF CHANGE:		20090810
EFFECTIVENESS DATE:		20090810

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Griffin Capital (Waterford) Investors, DST
		CENTRAL INDEX KEY:			0001469748
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-133488
		FILM NUMBER:		09999711

	BUSINESS ADDRESS:	
		STREET 1:		C/O GRIFFIN CAPITAL CORPORATION
		STREET 2:		2121 ROSENCRANS AVENUE, SUITE 3321
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
		BUSINESS PHONE:		310-606-5900

	MAIL ADDRESS:	
		STREET 1:		C/O GRIFFIN CAPITAL CORPORATION
		STREET 2:		2121 ROSENCRANS AVENUE, SUITE 3321
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001469748</cik>
        <entityName>Griffin Capital (Waterford) Investors, DST</entityName>
        <issuerAddress>
            <street1>C/O GRIFFIN CAPITAL CORPORATION</street1>
            <street2>2121 ROSENCRANS AVENUE, SUITE 3321</street2>
            <city>EL SEGUNDO</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>90245</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>310-606-5900</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Business Trust</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <middleName></middleName>
                <lastName>Shields</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Griffin Capital</street1>
                <street2>2121 Rosecrans Avenue, Suite 3321</street2>
                <city>El Segundo</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>90245</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Sponsor of the Offering and the Trust Manager.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName></middleName>
                <lastName>Escalante</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Griffin Capital</street1>
                <street2>2121 Rosecrans Avenue, Suite 3321</street2>
                <city>El Segundo</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>90245</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Sponsor of the Offering and the Trust Manager.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mary</firstName>
                <middleName></middleName>
                <lastName>Higgins</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Griffin Capital</street1>
                <street2>2121 Rosecrans Avenue, Suite 3321</street2>
                <city>El Segundo</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>90245</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of the Sponsor of the Offering and the Trust Manager.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Residential</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>No Revenues</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-07-31</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Delaware Statutory Trust Interests</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>David Waal</recipientName>
                <recipientCRDNumber>1226437</recipientCRDNumber>
                <associatedBDName>Omni Brokerage, Inc.</associatedBDName>
                <associatedBDCRDNumber>16878</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>2950 Bushkirk Avenue, Suite 300</street1>
                    <street2></street2>
                    <city>Walnut Creek</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>94597</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Donavan Brouwer</recipientName>
                <recipientCRDNumber>1062451</recipientCRDNumber>
                <associatedBDName>Amerprise Financial</associatedBDName>
                <associatedBDCRDNumber>6363</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>7433 N. 1st. Street, Ste 102</street1>
                    <street2></street2>
                    <city>Fresno</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>93720</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Tomas Velken</recipientName>
                <recipientCRDNumber>1600404</recipientCRDNumber>
                <associatedBDName>Sigma Financial Corp.</associatedBDName>
                <associatedBDCRDNumber>14303</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>Pacific Plaza</street1>
                    <street2>1340 Treat Blvd, Suite 130</street2>
                    <city>Walnut Creek</city>
                    <stateOrCountry>CA</stateOrCountry>
                    <zipCode>94597</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CA</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Joseph Insalaco</recipientName>
                <recipientCRDNumber>2978175</recipientCRDNumber>
                <associatedBDName>Omni Brokerage, Inc</associatedBDName>
                <associatedBDCRDNumber>16878</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>150 W. Civic Center Drive, Suite 103</street1>
                    <street2></street2>
                    <city>Sandy</city>
                    <stateOrCountry>UT</stateOrCountry>
                    <zipCode>84070</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>14100000</totalOfferingAmount>
            <totalAmountSold>865000</totalAmountSold>
            <totalRemaining>13235000</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>86500</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Selling Group Members receive 8% sales commission and the managing broker-dealer receives a 2% commission.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>930000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Amount will be paid to Griffin Capital and/or its affiliates as the sponsor of the offering.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Griffin Capital (Waterford) Investors, DST</issuerName>
                <signatureName>/s/ Mary Higgins</signatureName>
                <nameOfSigner>Mary Higgins</nameOfSigner>
                <signatureTitle>General Counsel</signatureTitle>
                <signatureDate>2009-08-10</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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