April 28, 2022 – The Connor Group acquired Sonterra Blue last week, its third acquisition in the San Antonio market within the last 12-months. The 342-unit property is located in the Stone Oak submarket. Financial details of the transaction are not being disclosed.
“Whenever we enter a market, we are always thinking long-term,” founder and managing partner Larry Connor said. “Over the last year, San Antonio has proven to be a market where we consistently find great buying opportunities that fit our business model.”
The company first entered the San Antonio market in May of 2021 with the acquisition of Reserve at Canyon Creek. The Connor Group now owns and operates nearly 1,000 units in the market in less than one year. With the closing of Sonterra Blue, the Dayton-based real estate investment firm has closed or placed under agreement more than $1 billion in transactions this year.
“In our opinion, the recent market volatility has created opportunity,” Connor said. “While other companies may be running to the sidelines, we’re all in. Over our 30-year history, we’ve proven to be successful in any market. It comes back to following our proven processes and systems.”
The property is located in the heart of a booming developed section of San Antonio, ideal for medical professionals. Sonterra Blue is situated off Highway 281, providing easy access to local shopping centers, parks and attractions.
The Connor Group, founded in 1992, currently owns and operates 41 luxury apartment communities in 16 markets across the country. The company successfully closed more than $1 billion in transactions for the fourth consecutive year.
About The Connor Group
The Connor Group, founded in 1992, has grown from $0 to $3.5 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 Austin, Nashville, Tampa, Atlanta, Minneapolis, Chicago, Charlotte, Raleigh-Durham, Dallas, San Antonio, Denver, Indianapolis, Columbus, Cincinnati, Louisville and Dayton.