Miami Twp.-based real estate investment firm the Connor Group has acquired its first property in the Chicago area, expanding the firm’s reach into 10 U.S. markets, company officials announced Thursday.
The Connor Group’s first acquisition in the market is the $61.75 million Glenmuir, a luxury apartment community located about 40 miles west of downtown Chicago in Naperville. Last month, Money magazine ranked Naperville 33rd on its annual “Best Places to Live” list.
“We want to buy the best properties in the best locations,” said Larry Connor, the firm’s managing partner, in a statement. “Glenmuir is right in line with that strategy.”
In August, the Connor Group opened its new $18 million central office building at the Dayton-Wright Brothers Airport in Miami Twp.
At that time, Larry Connor announced plans to expand into both the Chicago and Denver markets.
Founded in 1991, the Connor Group now has more than $1.6 billion in assets. The firm employs about 400 people nationwide, including about 90 in the Dayton area.