Griffis Residential acquires Chez Moi Apartments in Austin

Denver, CO – December 14, 2015 – Griffis Residential, a Denver-based multifamily investment and management firm, announced today 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.

About Griffis Residential

Griffis Residential is a multifamily real estate investment company that owns and manages approximately 7,400 Class-A apartment units in Colorado, Texas, Nevada, and Washington. Headed by Ian Griffis, David Birnbaum, and Tom Barta, Griffis Residential focuses on balancing an aggressive expansion strategy with a superior guest experience for its residents. For more information, visit GriffisResidential.com.

Forward-Looking Statements

Certain statements in this press release may be “forward-looking statements” that are not based on historical facts and that reflect current views and estimates about future economic circumstances, market conditions and opportunities and the performance of portfolio investments. Such statements involve known and unknown risks and uncertainties, including the ability to implement our investment program that could cause the actual performance to materially differ from any anticipated or projected performance expressed or implied by such forward-looking statements. Griffis Residential cannot guarantee future performance and the company does not undertake any obligation to update or revise any such statements.