Company News | August 20, 2020
Griffis Residential Acquires Apartment Homes in Austin, TX
New Fund V Acquisition, August 18, 2020
Griffis at Riata - Austin, TX
Griffis Residential is pleased to announce that Griffis Premium Apartment Fund V has acquired IMT at Riata, a 307-unit Class-A multifamily community located in north Austin.
Constructed in 2017, the property features a range of one- and two-bedroom residences as well as townhome configurations. With an average unit size of 944 square feet, the property features attractive large unit layouts for increased resident flexibility. Located in the heart of north Austin’s innovation corridor, Griffis at Riata sits directly across the street from Apple’s Austin headquarters spanning 1.1 million square feet and employing 6,000 workers. The property offers residents best-in-class amenities and a suburban low-density setting.