Jan. 31, 2023 –  The Connor Group completed its first property acquisition of 2023 with the purchase of The Boulevard in Tampa earlier this month. The 260-unit property is the Dayton-based real estate investment firm’s fourth purchase in Tampa since entering the market in 2019. “The Tampa market is one where we’ve been incredibly successful, and we are excited to expand our portfolio,” managing partner Larry Connor said. “The Boulevard is a Class-A asset, in an excellent location and it fits our business model.” The transaction expands The Connor Group’s portfolio to 12,971 units across 17 markets. The acquisition comes on the heels of another record-setting year for the company, which closed more than $3 billion in transactions in 2022. Shifting market conditions and The Connor Group’s long-standing reputation has created unique buying opportunities. “Over the last eight months, we’ve seen the number of potential acquisitions coming through the pipeline shrink three-fold,” Connor said. “In markets like this, we’ve always maintained a disciplined approach and ran toward the opportunity.” In 2022, The Connor Group expanded into the Miami/Ft. Lauderdale market. The company plans to enter multiple new markets over the next five years while continuing to raise the bar on […]

Dec. 12, 2022 –  The Connor Group entered its 17th market Thursday with the purchase of Grand Riviera Miramar, formerly Bell Miramar, in the Miami/Ft. Lauderdale region. The property is the Dayton-based real estate investment firm’s third largest acquisition in its 30-year history. Financial details of the transaction were not disclosed. “We are incredibly enthusiastic about the Miami/Ft. Lauderdale market for multiple reasons,” managing partner Larry Connor said. “There’s unprecedented demand, it’s business-friendly, and we are confident we can buy at least one or two properties per year long-term.” The Class A luxury apartment community grows The Connor Group’s portfolio to a total of 13,286 units. Over the past 42 days, the company closed three of its largest acquisitions of all time amid a challenging real estate market. This latest market expansion is part of the company’s 2026 strategic plan. “Strategic planning has been one of our keys to success. Not only doing strategic plans, but executing them,” Connor said. “We expect to expand to 22 markets by 2026.” Grand Riviera Miramar is a 371-unit resort-style property that offers residents best-in-class amenities designed to promote wellness and relaxation. The luxury community sits just minutes away from Florida’s sunny beaches, including […]

Nov. 30, 2022 –  The Connor Group bought five luxury apartment communities and sold one in November, totaling $545.5 million in transactional volume. The Dayton-based real estate investment firm’s latest flurry of activity spanned five different markets – Minneapolis, Raleigh-Durham, Atlanta, Fort Worth and Indianapolis. “Market uncertainty, paired with rapidly rising interest rates, have created tremendous buying opportunities,” managing partner Larry Connor said. “While others are running to the sidelines, we are running towards the opportunities in a disciplined manner.” The acquisitions, The Coil (Indianapolis), Dock Street Flats (Minneapolis), Flats at Perimeter Place (Atlanta), Trinity Commons and Bradford Apartments (Raleigh-Durham), added 1,391 units to the company’s portfolio. Purchase prices were not disclosed. In Fort Worth, the company sold Firestone West 7th. The transaction marks The Connor Group’s 10th property sale of the year. The unique urban luxury apartment community is built around the historic 1920s Firestone Tire Shop in downtown Fort Worth. More than $2.6 million in proceeds from the property sale will directly benefit The Connor Group Kids & Community Partners, the company’s non-profit arm dedicated to serving under-resourced children in Connor Group markets. “We’ve been incredibly fortunate, and we believe we have both the opportunity and obligation to […]

August 5, 2022 – The Connor Group closed three transactions over the course of the last three weeks for $233 million, including the record-setting sale of Waterford Place in Nashville. The Dayton-based real estate investment firm sold the property and delivered a 159% internal rate of return to its investors, the highest in the company’s 30-year history. The company purchased Waterford Place in August of 2020 for $27.6 million. After just 24 months of owning and operating the 184-unit property, The Connor Group sold Waterford Place for $53.25 million. The company’s basic business model, which is to buy under-performing properties, re-engineer them by improving customer service and maximize returns for investors, has proven to thrive in all market conditions. “When we purchased Waterford Place, we knew it had the potential to deliver outstanding returns to our investors, but with the right people, plans and processes, we’ve exceeded expectations,” managing partner Larry Connor said. “We’ve seen unprecedented demand across the country for apartments amid volatile market conditions. And we believe, at least for the foreseeable future, that will continue.” The Connor Group also closed transactions in its Louisville and Chicago markets in July. In Lousiville, the company acquired Sawyer East End […]

JULY 6, 2022 – The Connor Group sold Terracina in Denver, the second largest property sale in the company’s 30-year history. The disposition marks the company’s first sale in the Denver market and its fifth sale this year. Financial details of last week’s transaction are not being disclosed. “We first identified the Denver market as a desirable location in 2016 due to the unprecedented demand,” managing partner Larry Connor said. “Terracina checked all of the boxes for us – it’s a Class A property in an A location. And thanks to our people following our proven processes and systems, we delivered investor returns more than three times what we originally projected.” The Dayton-based real estate investment firm purchased the 386-unit property in 2018. At acquisition, Terracina was part of a $618 million transactional day record, which included four new acquisitions and six refinance closings in a single day. With this closing, The Connor Group delivered an average 66% IRR on 2022 property sales, with $9.4 million in proceeds going towards Kids & Community Partners, The Connor Group’s non-profit arm. “We believe organizations like ours who have been extremely successful have both the opportunity and the obligation to give back,” Connor […]