May 18, 2021 – The Connor Group entered the San Antonio market last week with the acquisition of Reserve at Canyon Creek. The Dayton-based real estate investment firm acquired the 314-unit property, expanding its footprint in the Austin, Texas region. Financial details of the transaction are not being disclosed.
“The acquisition of The Reserve at Canyon Creek presented a unique opportunity to expand in the region thanks to our long track record of success in the nearby Austin market,” founder and managing partner Larry Connor said. “In the midst of continued market turmoil, we continue to find incredible buying opportunities that fit our model both in Texas and across each of our 16 markets.”
The Reserve at Canyon Creek is one of $703.6 million transactions The Connor Group has already closed or placed under agreement this year. The relationship with the seller from a previous transaction sparked initial interest in the deal, along with the asset being a class-A property, with high barrier to entry.
“Our reputation as a buyer over our nearly 30-year history continues to pay dividends,” Connor said. “We continue to take an aggressive but disciplined approach in all of our markets, which has put us on pace for another record-breaking year. We are currently on pace to close more than $2 billion in transactions for the first time in company history. With the right people, anything is possible.”
The Reserve at Canyon Creek is located in Northwest San Antonio, with easy access to I-10 – minutes from the best shopping, dining and entertainment and schools the region has to offer. The community provides best-in-class amenities, including a resort-style pool, billiards room, dog park, business center and more.
The Connor Group, founded in 1992, currently owns and operates 45 luxury apartment communities in 16 markets across the country. The real estate investment firm is on pace to close more than $1 billion transactions for the third consecutive year in company history.
About The Connor Group
The Connor Group, founded in 1992, has grown from $0 to more than $3.3 billion in assets. The real estate investment firm owns and operates luxury apartments in Austin, Nashville, Tampa, Atlanta, Minneapolis, Chicago, Charlotte, Raleigh-Durham, San Antonio, Dallas, Denver, 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, Director of Communications