JUNE 16, 2022 – Exponential growth from 2020 to 2021 placed The Connor Group on the Top 100 Companies list compiled by the Dayton Business Journal. The Dayton-based real estate investment firm closed $2.95 billion in transactions in 2021 and is the highest-ranked real estate firm on this exclusive list at No. 13 overall. The list ranks companies by percentage change in revenue growth during the 2020 to 2021 timeframe. “We had a record-setting year in 2021 with $2.95 billion in transactions and $443 million in earnings,” founder and managing partner Larry Connor said. “We’ve seen unprecedented demand across the country for apartments, and we see the next 12 to 24 months as the best buying opportunity in more than a decade.” The recognition comes amid massive expansion at The Connor Group, both locally and nationwide. Currently, construction is underway in Dayton with a 22,000-square-foot office addition. The new building will add approximately 30 to 40 jobs over the next five years. Simultaneously, the company is in the midst of its next five-year strategic plan and anticipates adding Phoenix, AZ, as its 17th market. “We’re looking to double our transactional activity from $2.5 billion a year to $5 billion per […]
June 1, 2022 – The Connor Group closed a $162 million sale in Nashville today with the sale of Elliston 23. The transaction is the third-largest property sale in the company’s 30-year history. The Dayton-based real estate investment firm purchased the 331-unit property in 2014. Today’s disposition highlights the unprecedented investor demand in the Nashville market for quality mid-rise apartment communities. “In our opinion, there is tremendous opportunity for future growth in the Nashville market,” managing partner Larry Connor said. “We’ve continued to invest in the market for the last nine years and expect to be here long-term.” Since 2013, the company has expanded its Nashville portfolio to include a pair of luxury apartment communities in the Murfreesboro submarket. Currently, The Connor Group operates 432 of its nearly 13,000 units in the Nashville area. Today, The Connor Group set another record, closing $398.8 million in property sales and acquisitions within one week. On its four property sales in 2022, the average IRR is a staggering 51.34%. After just five months, the company has closed or placed under agreement $1.85 billion in transactions and is on pace for another record-setting year. “We tend to do exceptionally well in disruptive markets,” Connor […]
April 28, 2022 – The Connor Group acquired Sonterra Blue last week, its third acquisition in the San Antonio market within the last 12-months. The 342-unit property is located in the Stone Oak submarket. Financial details of the transaction are not being disclosed. “Whenever we enter a market, we are always thinking long-term,” founder and managing partner Larry Connor said. “Over the last year, San Antonio has proven to be a market where we consistently find great buying opportunities that fit our business model.” The company first entered the San Antonio market in May of 2021 with the acquisition of Reserve at Canyon Creek. The Connor Group now owns and operates nearly 1,000 units in the market in less than one year. With the closing of Sonterra Blue, the Dayton-based real estate investment firm has closed or placed under agreement more than $1 billion in transactions this year. “In our opinion, the recent market volatility has created opportunity,” Connor said. “While other companies may be running to the sidelines, we’re all in. Over our 30-year history, we’ve proven to be successful in any market. It comes back to following our proven processes and systems.” The property is located in the […]
April 26, 2022 – The Connor Group sold L2 Uptown Apartments this month, its seventh transaction of the year. The Dayton-based real-estate investment firm acquired the property in May 2020 and, after 23-months, provided investor returns nearly five times larger than original projections. Financial details of the transactions are not being disclosed. These exceptional returns directly resulted from Connor Group’s disciplined approach to buying and selling amid volatile market conditions. The company purchased L2 Uptown in the early months of the pandemic. The Connor Group expedited the L2 Uptown closing, executing the acquisition in less than six weeks. To put this in perspective, most multi-family real-estate purchase and sale agreements close in 60 to 90 days. “L2 Uptown provided us a unique opportunity to enter a submarket we had been interested in for quite some time,” managing partner Larry Connor said. “While the majority of companies were running to the sidelines, we were all in.” The operations team on the front lines also played a critical role in delivering returns five times larger than projected. They successfully positioned the property for sale during unprecedented market conditions. Bader Diamond Funds flawless execution as the purchaser contributed to the success of the […]
March 10, 2022 – The Connor Group closed its first acquisition of the year with the purchase of Edison Riverside in Austin last Thursday. This marks the fourth transaction the Dayton-based real estate investment firm closed in the Austin market over the last six months. Financial details of the transaction are not being disclosed. “We’ve been fortunate to have done extremely well in the Austin market,” said company founder and managing partner Larry Connor. “When you have the right people, the right plans and the right process, the results will follow. We’ve proven this time and time again over our 30-year history.” The deal comes on the heels of a record-setting year of transactional volume for the company. In 2021 the firm closed $2.95 billion in acquisitions, dispositions, refinance and supplemental loans across its 16 markets. The Connor Group also expanded in Texas, adding the San Antonio market to the company’s portfolio last May. “We continue to be enthusiastic about the Austin market,” partner and VP Brock Wright said. “We believe this property is in a great location that will continue to get better due to the heavy investment being made into this part of the city. We anticipate this […]
