DENVER, CO - Griffis Residential, a Denver-based multifamily investment and management firm, announced that it has acquired Chez Moi Apartments, a 384-unit Class-A multifamily community located in the north central area of Austin, Texas. With the Chez Moi acquisition, Griffis Residential owns and manages approximately 7,400 apartment units in Colorado, Texas, Nevada and Washington.
"Austin is one of the top innovation centers in the US with continued agglomeration of highly skilled workers and companies offering new, high-paying jobs," said Griffis Residential Executive Chairman, Ian Griffis. "Strong wage growth combined with affordable housing creates headroom for the rental growth that results from our renovation and service strategies."
Effective immediately, Chez Moi Apartments has been renamed Griffis at the Domain.
Griffis at the Domain is located in north central Austin in the heart of the city's tech corridor and within minutes of high-end retailers at The Domain Shopping Center. Situated near major highways, with convenient access to downtown, the University of Texas, and the Austin Capital Metro Light Rail, the community's location is a top choice for Austin's large corporate employers and is home to headquarters and substantial regional offices for IBM, Dell, Apple, Amazon, Samsung and National Instruments.
Built in 1997, the garden-style property offers one- to three-bedroom apartments with nine-foot ceilings, ranging in size from 644 to 1,367 square feet. The gated community features a comprehensive set of high-end amenities including a clubhouse, business center, fitness center, carports, garages, and a large pool with spa.
Source: Griffis Residential / #Multifamily #Apartments