Apartment City

AUSTIN, TX - Griffis Residential , a Denver- based multifamily investment and management firm, announced that it has acquired Talavera Apartments located in the northwest area of Austin, Texas. The 232-unit Class-A multifamily community is the firm’s third acquisition in the Austin metro area following the acquisition of a total 808 apartment units in November 2014 and January 2015. Griffis Residential now owns and manages 6, 198 apartment units in Colorado, Nevada and Texas.“Our expansion in Austin is motivated by the area’s strong technology job growth , which is helping drive apartment demand and rent growth,” said Griffis Residential Executive Chairman Ian Griffis . “As we remain open to additional opportunities in Austin, we plan to continue to expand and diversify our portfolio in areas that exhibit the positive economic forces and demographic trends that align with our investment strategy.” Effective immediately, Talavera Apartments has been renamed Griffis L...

Griffis Lakeline Station Colorado’s No. 2 institutional multi-family owner is raising its profile in the Lone Star State . Griffis Residential recently grabbed its third property in metropolitan Austin with the purchase of the 232- unit Talavera Apartments . The Denver-based company also operates the Griffis Canyon Creek and Griffis La Frontera apartment communities in the metro. Rebranded Griffis Lakeline Station by its new owners, the 14-year-old Class A community is located on a 12-acre site in northwest Austin’s SH-45 employment corridor. The garden- style community offers access to the Lakeline MetroRail station and the Lakeline Mall. “Our expansion in Austin is motivated by the area’s strong technology job growth , which is helping drive apartment demand and rent growth,” said Griffis Executive Chairman Ian Griffis in a statement. “As we remain open to additional opportunities in Austin, we plan to continue to expand and diversify our portfolio in areas that exhibit the p...