JAN. 27, 2022 – Dayton-based real estate investment firm The Connor Group announced Thursday that in 2021 it had shattered its previous single-year record for transactional volume. The company, which owns and operates apartment communities around the country, completed nearly $3 billion in acquisitions, dispositions and refinances – more than doubling its previous record. It was one of just several 2021 highlights for the firm. “Our people continue to do an amazing job; they’re relentless,” said company founder and managing partner Larry Connor. “It doesn’t matter what kind of market you’re in, what kind of outside obstacles you face – whether it’s a pandemic or something else – if you have the right people, anything is possible.” The Connor Group, whose basic business model is to re-engineer underperforming properties, improve their customer service and maximize return to investors, ended 2021 with a flurry of activity. It closed more than $1 billion in transactions in the 30-day period between Nov. 23 and Dec. 22, including the $279 million sale of West Village in Durham, NC – the largest transaction in the firm’s 30-year history. That West Village deal brought the year’s total transactional volume to $2.955 billion. The company’s previous record […]
August 31, 2021 – The Connor Group expanded its Minneapolis portfolio with the acquisition of The Quinn at Plymouth for $85.25 million Tuesday. The Dayton-based real estate investment firm purchased the 300-unit property, its second-largest acquisition of 2021. “The Quinn was an excellent opportunity to continue expanding in the Minneapolis market,” managing partner Larry Connor said. “This property checked all of the boxes for us, and with the right people, plans and our proven process, I’m confident this acquisition will be nothing short of a huge success.” Currently, The Quinn at Plymouth is one of the $1.58 billion transactions The Connor Group has closed or placed under agreement this year. The company is on pace for more than $2.5 billion in transactions, a record for the nearly 30-year company. “We continue to see unprecedented market conditions,” Connor said. “And we’ve remained disciplined to our transactional model throughout as both a buyer and a seller. As a result, we’re on pace for the best year in company history. And while we realize market conditions will eventually shift, our processes and systems are built for long-term success.” The property was acquired from Mesirow Institutional Real Estate Direct Investments, which offers a series […]
August 17, 2021 – The Connor Group sold Anchor Riverwalk in Tampa Friday, the largest disposition in the company’s nearly 30-year history. The Dayton-based real estate investment first entered the Tampa market with the acquisition of the 394 unit downtown Riverwalk property in 2019 for $123 million. Financial details of Friday’s transaction are not being disclosed. “We were extremely disciplined while searching for the right property in Tampa to enter the market,” managing partner Larry Connor said. “And Anchor Riverwalk checked all of the boxes. Our people did an outstanding job operating the property, and with the right plans and processes, we were in excellent position to sell amid unprecedented market conditions.” The Connor Group is on track for a record-setting year and is on pace to surpass $2.5 billion in transactions for the first time in company history. The Connor Group currently owns and operates 47 apartment communities in 16 markets nationwide. With Friday’s sale, Connor Group has closed or placed under agreement more than $1.52 billion in transactions. “No doubt this year will be one for the record books,” partner and VP of acquisitions, dispositions, debt and analytics Brock Wright said. “With outstanding property operations and market conditions, […]
July 30, 2021 – The Connor Group acquired Elizabeth Station Thursday, formerly Venue, closing on a $99.25 million deal. This is the third time in less than a year the Dayton-based real estate investment firm has expanded in the Charlotte market. With this latest acquisition, the company has closed or placed under agreement more than $1.46 billion in transactions – breaking their 2020 record just seven months into the year. “Our people have done nothing short of a phenomenal job over the last 18 months,” managing partner and CEO Larry Connor said. “People make the difference. Thanks to their efforts, we’re in an excellent position in Charlotte, and quite frankly, all of our 16 markets, to execute our transactional model and deliver exceptional returns for our partners and investors.” The Connor Group is on track for a record-setting year and is on pace to surpass $2.5 billion in transactions for the first time in company history. The Connor Group currently owns and operates 47 apartment communities in 16 markets nationwide. “In our nearly 30 years of business, we’ve learned that with the right people, plans and processes, you can achieve anything,” Connor said. “And amid the current market conditions, we’ve […]
