March 10, 2022 – The Connor Group closed its first acquisition of the year with the purchase of Edison Riverside in Austin last Thursday. This marks the fourth transaction the Dayton-based real estate investment firm closed in the Austin market over the last six months. Financial details of the transaction are not being disclosed.
“We’ve been fortunate to have done extremely well in the Austin market,” said company founder and managing partner Larry Connor. “When you have the right people, the right plans and the right process, the results will follow. We’ve proven this time and time again over our 30-year history.”
The deal comes on the heels of a record-setting year of transactional volume for the company. In 2021 the firm closed $2.95 billion in acquisitions, dispositions, refinance and supplemental loans across its 16 markets. The Connor Group also expanded in Texas, adding the San Antonio market to the company’s portfolio last May.
“We continue to be enthusiastic about the Austin market,” partner and VP Brock Wright said. “We believe this property is in a great location that will continue to get better due to the heavy investment being made into this part of the city. We anticipate this is an ideal community for young professionals, and with our operational expertise, this investment will meet or exceed our return standards.”
Edison Riverside is a 354-unit property that offers incredible views of downtown Austin and state-of-the-art amenities in this luxury apartment community. The Connor Group, founded in 1992, currently owns and operates 40 luxury apartment communities in 16 markets across the country.
The Connor Group, founded in 1992, has grown from $0 to $3.5 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.
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