Dec. 17, 2020 – The Connor Group successfully closed $183 million in acquisitions over the course of eight days. The Dayton-based real estate investment firm expanded in three markets and is on pace to exceed $1.3 billion in transactions in 12 months.
“We’ve found in times of adversity; there are plenty of opportunities if you have the right people, plans and processes,” managing partner and CEO Larry Connor said. “As a result, we’ve acquired three phenomenal properties in key markets where we’ve been extremely selective.”
Connor Group re-entered the Indianapolis market with the acquisition of The Domain at Bennett Farms, a 219-unit property. The $40.5 million purchase is located in the Zionsville area and “checked all of the boxes” for the acquisitions team. It’s the first property it’s purchased in Indianapolis in more than a decade.
“Frankly, we’ve been searching in Indianapolis for the last three years,” Connor said. “It’s currently one of the top growth markets in the Midwest, and it’s a market where we will deliver exceptional results for our investors.”
In Tampa, the real estate investment firm closed a $93.25 million deal Tuesday, acquiring Bayside Arbors. The 436-unit property is the second acquisition in the Tampa area, firmly establishing the market following the September 2019 purchase of Anchor Riverwalk.
The Connor Group closed on Reserve at Cary Park in Raleigh on Dec. 10. The $49.44 million property is the first acquisition in the Raleigh-Durham market for the company in the last four years. With these three closings, it acquired more than $565 million in 2020 and expanded to its’ 15th market.
About The Connor Group
The Connor Group, founded in 1992, has grown from $0 to more than $3.3 billion in assets. The real estate investment firm owns and operates luxury apartments in Austin, Nashville, Tampa, Atlanta, Minneapolis, Chicago, Charlotte, Raleigh-Durham, Dallas, Denver, Louisville, Indianapolis and its home state of Ohio. The Connor Group has won numerous awards regionally and nationally for excellence, innovation and philanthropic efforts.
Contact: Amanda Brown, Director of Communications
abrown@connorgroup.com