Discover Multifamily Acquires 1001 Ross, a Mixed-Use Property in Dallas
Nestled in the Historic West End, 204-Unit Community to be Rebranded as The Griffin
DALLAS, TEXAS (March 18, 2025) – Discover Multifamily has acquired 1001 Ross, a premier mixed-use property featuring 204 Class A multifamily units and 30,506 square feet of ground-floor Class A retail space. The community is located on the northeast corner of Ross and Lamar Avenue in Dallas. The acquisition was completed through a joint venture with The Rainier Companies, a national commercial real estate investment firm headquartered in Dallas.
“We are excited to add this prime asset to our portfolio. Acquiring 1001 Ross at such a phenomenal value presents an incredible opportunity, especially with the impressive developments unfolding near the West End District. We’re proud to invest in downtown Dallas and contribute to its continued growth,” said Discover Multifamily Managing Principal Nathan Cloud.
Built in 2004 and situated in the vibrant West End District, the property is set to undergo a comprehensive modernization, including a rebrand to The Griffin and significant exterior and interior enhancements. These updates aim to attract young professionals seeking a dynamic urban living experience. Ideally positioned, the property stands to benefit from transformative developments, including the highly anticipated Goldman Sachs Campus at NorthEnd — just half a mile away. Slated to open in 2027, the campus is expected to house 5,000+ employees, further fueling demand in the area.
“We’re excited about the acquisition and our partnership with Discover, and have confidence in the downtown area’s growth potential,” said The Rainier Companies President and CEO Danny Lovell.
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Discover Multifamily is a Texas-based real estate investment firm specializing in acquiring underperforming, well-located multifamily assets. Leveraging a proprietary data analytics platform, Discover takes a systematic approach to sourcing, underwriting, and managing multifamily assets to provide attractive, risk-adjusted returns for its investors. For more information, please visit www.discovermulti.com.
The Rainier Companies is a national commercial real estate investment firm headquartered in Dallas, Texas. Rainier specializes in value-added and preferred equity investing across multiple asset classes and is a trusted partner for a broad range of investors, including public and private funds, insurance companies, and family offices. Since its founding in 2003, Rainier has closed more than $2.5 billion in investment assets and has an operating portfolio valued at more than $1.6 billion. For more information, please visit www.rainiercompanies.com.
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