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 remained aggressive, yet disciplined with our approach – and we’ve been fortunate enough to be wildly successful.”
Elizabeth Station is the company’s fifth acquisition this year, adding 366 units to The Connor Group’s Charlotte portfolio. The property offers residents the ultimate upscale living experience in Charlotte with first-in-class amenities, including a state-of-the-art theater, resort-style pool and premium outdoor cooking equipment just minutes away from downtown.
The Connor Group currently owns and operates nearly 15,000 units in 47 luxury apartment communities across the country.
The Connor Group, founded in 1992, has grown from $0 to more than $3.7 billion in assets. The real estate investment firm owns and operates luxury apartments in Austin, Nashville, Tampa, Atlanta, Minneapolis, Chicago, Charlotte, Raleigh-Durham, Dallas, Denver, San Antonio, Louisville, Indianapolis and its home state of Ohio. The Connor Group has won numerous awards regionally and nationally for excellence, innovation and philanthropic efforts.
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