Sept. 11, 2020 – The Connor Group closed on a portfolio deal in Charlotte Thursday, acquiring Cielo and Greenway at Mallard Creek, formerly Bexley Greenway. The expansion in Charlotte comes on the heels of a third acquisition by the Dayton-based real estate investment firm just one week ago, closing $206.5 million in acquisitions in seven days. Financial details of the transactions are not being disclosed.
“While other businesses have come to a halt, we continue to find opportunity,” managing partner and CEO Larry Connor said. “People make the difference. Our people have done nothing short of a phenomenal job leveraging relationships in key markets and finding properties that fit our long-term strategy.”
Cielo and Greenway at Mallard Creek mark The Connor Group’s fifth and sixth acquisitions of 2020, respectively. The real estate investment firm now operates 869 units in Charlotte, more than doubling its footprint in the market in just one day. The expansion is Connor Group’s first new acquisition in the region since 2015. The firm has closed or placed under agreement a total of $542.1 million in transactions this year.
“We are always interested in buying,” said Connor. “Over the last five years, we’ve remained disciplined and only buy deals that will deliver exceptional returns for our partners and investors. We’re thrilled to be growing in Charlotte.”
Cielo offers residents upscale living with open-concept layouts and first-in-class amenities, including a resort-style saltwater pool and a state-of-the-art fitness center. Greenway at Mallard Creek is located in the desirable Mallard Creek neighborhood, minutes away from The University of North Carolina Charlotte.
The Connor Group currently owns and operates 13,000 units in 43 luxury apartment communities across the country.
Cielo and Greenway at Mallard Creek