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 investor returns.
“We have a proven track record over the last three decades of operating at an elite level regardless of market conditions. It comes down to having the right people, plans and processes,” Connor said.
The Boulevard is located in the Largo submarket, just south of Clearwater. Residents are minutes away from beaches, dining and shopping.
The Connor Group, founded in 1992, has grown from $0 to $3.7 billion in assets. Along the way it has been recognized as a top-50 workplace nationally by Glassdoor, as well as a multi-award winner nationally by Comparably (Best Company for Women, Best Culture and Best Compensation). The Connor Group owns and operates luxury apartments in Miami/Ft. Lauderdale, Austin, Nashville, Tampa, Denver, Minneapolis, Chicago, Charlotte, Raleigh-Durham, Dallas, San Antonio, Atlanta, Indianapolis, Columbus, Cincinnati, Louisville and Dayton.
Partner, Director of Communications