Draper and Kramer recently acquired Griffis at Riata, a 307-unit multifamily property located at 5705 Diehl Trail in Austin, Texas. Completed in 2017, the 16.9 acre rental community is situated right across from Apple’s corporate campus with 6,000 employees. At the time of purchase it was 95% leased and has been rebranded DK Riata by its new owners.
The complex consists of 195 one-bedroom units and 112 two-bedroom units spread out over 17 buildings including five three-floor apartment buildings as well as 12 two-story townhomes with rents starting at $1,650 per month for 713 to 1,848 square feet apartments featuring private fenced yards on some first floors . Residents can enjoy amenities such as co working spaces , a resident lounge , two large fitness centers offering on demand classes along with resort style pool area complete with loungers & cabanas , an outdoor kitchen equipped w/two grills & fire pit area .
