Griffin Capital Acquires Land in Flower Mound, Texas for 132-Unit Build-to-Rent Townhome Community
Griffin Capital Company (“Griffin”), a leading real estate investment manager1 focused on institutional rental housing investments, announced that it has closed on the land acquisition for Lakeside East, a purpose-built 132-unit townhome community in Flower Mound, Texas. The transaction was completed on behalf of Griffin Capital Residential Partners (“GRP”), Griffin’s dedicated build-to-rent investment platform.
Lakeside East will be built on 9.8 acres within Lakeside Village, a master-planned, mixed-use community on the north shore of Grapevine Lake. Lakeside Village offers walkable access to more than 70,000 square feet of retail, along with dining, recreational trails, and lakefront parks.
The community will offer two-, three-, and four-bedroom townhomes, averaging approximately 1,500 square feet. Every home will include an attached two-car garage, and select homes will feature first-floor primary suites. Community amenities will include a centrally located clubhouse, resort-style pool, fitness center, pickleball courts, and a dog park.
The site sits within Lewisville Independent School District, one of the highest-ranked school districts in Denton County,2 and is conveniently located near DFW International Airport and within a short drive of both the Dallas and Fort Worth central business districts, with direct access to FM 2499, SH 121, and I-635, connecting residents to major employment hubs.
“Our strategy is to invest in rental communities that provide residents with differentiated and compelling housing options in markets where we see durable demand and long-term growth, and Flower Mound is a clear example of that,” added Nick Rosenthal, Co-Chief Executive Officer of Griffin Capital Company. “Lakeside East reflects the platform’s focus on quality rental housing in markets with durable fundamentals, where single-family homeownership is not accessible to residents who want to be in that location. We believe that approach positions our investors for resilient, long-term performance and improves housing accessibility for the communities in which we invest.”
About Griffin Capital Company3
Griffin Capital Company is an experienced full-service real estate investment management firm with a 30-year track record of leadership and disciplined execution. Since its founding in 1995, the firm has owned, managed, sponsored, or co-sponsored approximately $24.6 billion in assets across a wide range of real estate sectors and investment vehicle structures. The firm’s senior executives and employees have co-invested more than $300 million across its investment platforms, reinforcing its strong alignment with investor interests. Griffin Capital’s investment team is exclusively focused on the rental housing segment of the market, with strategies targeting multifamily, build-to-rent (“BTR”), and student housing investments. The firm’s rental housing portfolio includes 41 communities, comprising over 13,600 rental housing units and 693 student housing beds, representing a total project value exceeding $4.6 billion.4 Griffin Capital remains committed to creating value through thematic investment strategies and delivering thoughtfully developed housing solutions that benefit both communities and capital partners.
- According to data compiled by Novogradac & Company LLP (“Novogradac”) as of February 2026. Novogradac has been engaged by various funds sponsored by Griffin Capital to conduct annual financial statements audits and tax preparation services. Novogradac is not a third-party rating firm.
- Niche.com, retrieved October 22, 2026.
- As of June 30, 2026.
- Includes appraised value for appraised properties, actual cost for completed and stabilized properties, and budgeted total project costs for properties under construction or in pre-development.
Foreside Fund Services, LLC, member FINRA, is the dealer manager for Griffin Capital-sponsored offerings. Foreside Fund Services, LLC, is not affiliated with Griffin Capital or its affiliates.
Additional information is available at: www.griffincapital.com.
