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, it’s been the perfect combination. As a result, I have no doubt we’ll continue to have opportunities both on the buy and sell side across all of our markets.”
The company remains committed to the Tampa market, currently operating Bayside Arbors in the St. Pete/Clearwater area. The Connor Group owns and operates 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.
Contact: Amanda Brown, Partner, Director of Communications
Direct: (937) 350-3407
abrown@connorgroup.com