Dec. 12, 2022 – The Connor Group entered its 17th market Thursday with the purchase of Grand Riviera Miramar, formerly Bell Miramar, in the Miami/Ft. Lauderdale region. The property is the Dayton-based real estate investment firm’s third largest acquisition in its 30-year history. Financial details of the transaction were not disclosed.
“We are incredibly enthusiastic about the Miami/Ft. Lauderdale market for multiple reasons,” managing partner Larry Connor said. “There’s unprecedented demand, it’s business-friendly, and we are confident we can buy at least one or two properties per year long-term.”
The Class A luxury apartment community grows The Connor Group’s portfolio to a total of 13,286 units. Over the past 42 days, the company closed three of its largest acquisitions of all time amid a challenging real estate market. This latest market expansion is part of the company’s 2026 strategic plan.
“Strategic planning has been one of our keys to success. Not only doing strategic plans, but executing them,” Connor said. “We expect to expand to 22 markets by 2026.”
Grand Riviera Miramar is a 371-unit resort-style property that offers residents best-in-class amenities designed to promote wellness and relaxation. The luxury community sits just minutes away from Florida’s sunny beaches, including the iconic South Beach.
The Connor Group is on track for another record-setting year. The company closed or placed under contract more than $3 billion in property sales, acquisitions, refinances and supplemental loans year-to-date. Roughly $16 million in proceeds from the company’s property sales this year will directly benefit The Connor Group Kids & Community Partners, the company’s non-profit arm dedicated to serving under-resourced children in Connor Group markets.
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 Miami/Ft. Lauderdale, Austin, Nashville, Tampa, Denver, Minneapolis, Chicago, Charlotte, Raleigh-Durham, Dallas, San Antonio, Atlanta, Indianapolis, Columbus, Cincinnati, Louisville and Dayton.
Media Contact
Amanda Brown
Partner, Director of Communications
abrown@connorgroup.com