Discover Acquires 204-Unit Dallas Rental Property

Discover Multifamily has acquired 1001 Ross, a mixed-use property on the northeast corners of Ross and Lamar in Dallas. It features 204 Class A multifamily units and 30,506 square feet of ground-floor Class A retail space. The acquisition was completed through a joint venture with The Rainier Companies, a national commercial real estate investment firm headquartered in Dallas. 

Built in 2004 and situated in the West End District, the property is set to undergo a comprehensive modernization, including a rebrand to The Griffin and significant exterior and interior enhancements. Currently, leases range from $1,216-$1,836 for one—through three-bedroom units.

The Goldman Sachs Campus at NorthEnd, just half a mile away, is slated to open in 2027. The campus is expected to house 5,000+ employees, fueling demand in the area.