Sept. 8, 2020 – The Connor Group announced six partner promotions at the company’s first-ever national awards broadcast in August. Associates promoted to partner include Brad Dykes, regional vice president, Jessica Clark, area manager, Amanda Barnes, property manager, Jon Coontz, maintenance, Brittney Merritt, maintenance and Zach Rainwater, recruiting. “People make the difference,” founder and managing partner Larry Connor said. “We have great systems and strategies, but without the right people none of that matters. As a company, we also believe in sharing the wealth. It’s the right thing to do.” The Dayton-based real estate investment firm used innovative solutions to reward and recognize associates amid the COVID-19 pandemic. Typically, the company announces partner promotions in-person at biannual awards breakfast celebrations. This year it launched a national awards broadcast across its 14 markets to celebrate promotions while following social distancing recommendations. “We saw an opportunity to raise the bar and recognize elite performers on a national level,” said Connor. “The broadcast recognized six new partners, 10 national award winners, and more than 350 regional award-winners across 40 properties.” The partnership program at The Connor Group is unique. Partnership is open to anyone, in any position within the company. Each partner holds […]
A $1.6 Million Surprise DAYTON, OH – April 22, 2020 – The owner of an Ohio-based real estate investment firm last week made a company-wide announcement that he’d made $1.6 million on the stock market in the span of eight days. He then informed his employees that he’d be paying out every dime of it in bonuses to them, for their work and dedication throughout the coronavirus outbreak. “These are challenging times,” said Connor Group founder and CEO Larry Connor, who announced the bonuses via video. “But the way our people have responded has been nothing short of heroic. Our No. 1 core value is ‘Do the right thing.’ So when I think about how I made the money compared to what our associates do on every day, to me, (paying the bonuses) was the right thing to do.” Bonuses are being paid to all non-highly-compensated associates who started with the company prior to March 1. The Connor Group owns and operates luxury apartment communities in 14 markets around the U.S. and has roughly 400 associates. Bonuses ranged from $2,000 to $9,000. “We believe in leading from the front,” Connor said. “And in trying times, that means more than […]
The Connor Group’s sale of Ashton Brook, a 390-unit luxury apartment complex in Franklin, TN set the record as the top Tennessee multifamily transaction in 2018. Multifamily Housing News published the list Wednesday, noting The Connor Group sold the property for $86.5M, or $221,795 per unit last September. This was the first sale The Connor Group completed in the company’s Nashville market. Ashton Brook was purchased in 2013 for $60.5 million. Over the course of five years, associates at the property were able to increase the annual revenue by $1 million. Connor Group investors received a 118 percent return on their investment. “The key to our success in Nashville is a direct result of having the right people in place to execute our systems. Thanks to our dedicated team – and their relentless pursuit of excellence – we are able to provide our investors a significant return on their investment,” Managing Partner Larry Connor said.
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