Recent News

Connor Group enters Minneapolis

March 17, 2016 - The Connor Group, a Dayton-based real estate apartment investment firm, has acquired its first community in Minneapolis for $97.5 million.

Excelsior & Grand is in the submarket of St. Louis Park, a trendy area amid high end shopping, dining and access to downtown as well as the suburbs.

“This apartment community has a ‘village feel,’” said Connor Group Managing Partner Larry Connor. “It reminds me of a ski lodge common area, like something you’d see at a resort in Colorado.”

The community has 337 units and is walking distance to Lake Calhoun. Calhoun has a 3.5 mile trail around it for bicycling, skating or walking, and it also has swim beaches and a yacht club.

"We are looking forward to being in the Minneapolis market,” Mr. Connor said. “This is a great way to start in our opinion, with a high-end community in a well-established area. We look forward to growing in this region.”

The Connor Group has $1.2 billion in assets. The Minneapolis market is the 11th market for the company, which started with 3 Dayton area communities in 1991-92


An Update to Our Investors

An Update to Investors

May 27, 2015 - We recently produced an informational video for our investors that discusses plans and strategies for the upcoming year.
Watch the Video


Connor Group expands Dallas portfolio

December 29, 2014 - The Connor Group last week made its ninth and final property acquisition of 2014, expanding its Dallas portfolio with the purchase of Villages of Addison, a 264-unit luxury apartment community. Financial terms were not disclosed.

The transaction comes on the heels of the Miami Township-based company’s entry into the Chicago market. It purchased its first property there on Oct. 30, marking the firm’s 10th market.

“We have a strategic plan for growth that requires us to look in new markets, but we’re also looking to grow our current markets,” said managing partner Larry Connor. “It’s still a sellers’ market, so there are fewer opportunities for disciplined buyers like us. But they’re still out there. That’s what we found in Villages of Addison.”

The property is considered a Class A property in a Class A location. Last month Google named Addison one of the top e-business cities in country. Villages of Addison features high-end interior finishes, stainless steel appliances, modern cabinetry, hardwood flooring, granite kitchen counter tops and full size washer/dryer in each unit. The community offers a clubhouse with business center and game lounge, two resort-style pools, private cabanas, 24-hour fitness center, sauna and outdoor kitchen and grill.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.6 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


Now open, Connor Group office earns second award

December 1, 2014 - The Associated General Contractors of Ohio have announced the winners of their Build Ohio awards, including a first-place finish for the locally-based real estate investment firm The ConnorGroup’s new Central Support Office.

The projected, completed earlier this year, won in the “New Construction Under $20 Million” category. AGC organizers noted “the $18 million corporate headquarters was constructed with no curved lines on the exterior and very few right angles. More than 2,000 individual triangles came together to make the iconic facade. It incorporates 2,600 exterior panels, and nearly every panel is like no other. While the building twists and warps, every individual line is perfectly straight.”

Winners are eligible for the prestigious Alliant Build America awards.

The AGC honor marks the second award for the building, located at Wright Brothers Airport in Miami Township. In August of 2012, before the project even broke ground, it won an American Architecture Award based on its design. The winners-which came from across the U.S., China, India, Saudi Arabia, France and Switzerland, among others-became part of a traveling international exhibition.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.6 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


Connor Group enters Chicago market

October 31, 2014 - Dayton-based real estate investment firm The Connor Group, which specializes in luxury apartment communities, on Thursday made its first venture into the Chicago market with the acquisition of the $61.75 million Glenmuir in Naperville.

“We’ve always believed in smart growth, not growth for growth’s sake,” said managing partner Larry Connor. “Last year, we went through months of strategic planning. In that process we decided that, in order to produce the kind of growth we wanted, we needed to enter two or three new markets. And Chicago was near the top of the list.”

Chicago is the company’s 10th market. It also operates in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.

“We want to buy the best properties in the best locations,” said Connor. “Glenmuir is right in line with that strategy.”

Glenmuir is located approximately 40 miles west of downtown Chicago. Just last month, Money Magazine ranked Naperville 33rd on its annual “Best Places to Live” list. Glenmuir’s grounds are accented by three lakes, a resort-style pool and spa. The apartment homes feature townhome-style entries, fireplaces and gourmet kitchens.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.6 billion in assets.


Connor Group Taps New Partner in Charge of Operations

October 13, 2014 - Dayton-based real estate investment firm The Connor Group has promoted Bob Lloyd to Partner in Charge of Operations.

Lloyd formerly headed up the company’s Texas region, which encompasses Austin and Dallas. He now will oversee those markets in addition to Cincinnati, Dayton and Columbus. In 2015 he will oversee the company’s entire 14,000-unit portfolio.

“One of our company’s core values is the relentless pursuit of excellence,” said managing partner Larry Connor. “Bob personifies that pursuit in everything he does. And I’m sure this new role will be no different.”

Lloyd joined the company in 2008 and was promoted to partner in 2011.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.6 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


People-First Philosophy Recognized

People-First Philosophy Recognized

October 1, 2014 - Shortly after moving into its new Central Office, The Connor Group and one of its main core values were featured in B2B Magazine.
See the Article...

Connor Group expands again in Charlotte

May 27, 2014 - Dayton-based real estate investment firm The Connor Group on Tuesday purchased The Arboretum, an apartment community in Charlotte, N.C. The closing marked the company’s third acquisition in that market in the last seven months.

The Connor Group, which specializes in Class A apartment communities in Class A locations, purchased the property from Simpson Financial Limited Partnership for $32.25 million. It is located in South Charlotte.

The acquisition comes on the heels of the $31.2 million purchase of Quarterside in Uptown Charlotte. That transaction closed in February.

“Charlotte is one of our newer markets, but one in which we see tremendous upside,” said managing partner Larry Connor. “We’ve already had a great deal of growth there. Most importantly, it’s been smart growth. We have the right people in Charlotte and they allow us to look for new opportunities in the market.”

The Arboretum is a 277-unit community featuring a resort-style swimming pool and indoor lap pool, business center, fitness center, billiards and media room and lighted tennis courts.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.5 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


Connor Group acquires record-setting Nashville property

April 29, 2014 - Dayton, Ohio-based real estate investment firm The Connor Group on Tuesday made the largest acquisition in company history with the purchase of a recently-completed mixed-use apartment and retail space in Nashville.

The company acquired the 331-unit Elliston 23 from 2300 Ellison Place LLC. Although specific financial information was not disclosed, The Connor Group confirmed the transaction was the highest-priced acquisition in company history.

“No matter the size or cost of an acquisition, we are always very disciplined in our underwriting processes,” said managing partner Larry Connor. “Not only is Elliston an incredible property, it’s a fantastic fit for our operational model.”

Elliston 23, located in Nashville’s West End submarket, was completed in 2103. The Connor Group, which specializes in Class A apartment communities in Class A locations, last year entered the Nashville market with the $60.5 million acquisition of Ashton Brook.

Connor said the company has had its eyes on Nashville for years and has become more interested since its initial purchase there.

“At the end of the day, our people dictate whether or not we expand in a particular market,” he said. “We have a great team in place in Nashville and they’re ready to grow our operations there.”

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.5 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


Connor Group completes NC disposition

March 28, 2014 - Centerville-based real estate investment firm The Connor Group on Thursday sold Carrington at Brier Creek to Passco Brier Creek DST for $38.4 million. It purchased the Raleigh, NC luxury apartment community in October of 2007 for $34.9 million.

The transaction marked The Connor Group’s sixth property sale of 2014, as the company continued to accommodate the sellers’ market and continued demand for high-end apartment units.

The company also has made three acquisitions in 2014 totaling nearly $100 million.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has more than $1.5 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


Connor Group continues Atlanta activity

March 13, 2014 - Ohio based real estate investment firm The Connor Group on Wednesday purchased Parkside at Town Center, a 234 nunit luxury apartment community located in Marietta.

The Connor Group purchased the community for $27.2 million from Sterling Parkside Apartments NF L.L.C. The community is located just north of Kennesaw Mountain National Battlefield Park.

The acquisition marked the company’s fifth transaction in the last 12 months in Atlanta. The previous four were property sales. The Connor Group, which entered Atlanta in 2003, now owns and operates approximately 3,000 units in the market.

The Connor Group, which started in 1991 with $400,000 to purchase three apartment communities in Dayton, now has $1.5 billion in assets. It owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.


Connor Group captures market opportunities, plans growth

February 24, 2014 - Local real estate investment firm The Connor Group on Monday reported its 2013 transactions. The company has bought and sold more than $1 billion in luxury apartment communities in the last 24 months.

The company had its two largest selling years on record the past two years. During that time it posted property sales of $570 million while $513 million in acquisitions.

“It’s been a sellers’ market, but we’ve been able to find things to buy while staying disciplined,” said managing partner Larry Connor. “Sooner or later markets will change. And we feel we’ve positioned ourselves well for any changes.”

Despite the heavy volume of transactions, Connor said the company spent a large part of 2013 planning on how to increase that volume. “We just did $1 billion in two years,” he said. “By 2016, we want to do $1 billion in transactions every year.

“That’s a long term goal, but we believe long term always trumps short term.”

The Connor Group was founded in 1991 in Dayton, Ohio. The following year it invested $400,000 as a down payment for three apartment communities. It now owns $1.5 billion in assets.

TCG honored as top workplace

The Connor Group honored as top workplace

January 1, 2014 - Careers website Glassdoor.com has honored The Connor Group as one of the Best Mid-Sized Companies to Work For in 2014.
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