“No matter the size or cost of an acquisition, we are always very disciplined in our underwriting processes,” said managing partner Larry Connor in a release.. “Not only is Elliston an incredible property, it’s a fantastic fit for our operational model.”
Earlier this month, we reported The Connor Group has completed the largest property sale in the company’s history. The company sold a luxury apartment community in Alpharetta, Ga., for $70.5 million. The company sold the property, Addison Place, to Resource Real Estate.
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.
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.