The Connor Group has purchased more than $140 million in luxury apartment communities in Raleigh-Durham since 2007.
“When we made the decision to go to North Carolina, we focused on two markets: Raleigh-Durham and Charlotte. We love both markets,” said Connor Group managing partner Larry Connor. “But because they’re two hours apart, we decided to focus on whatever market we started in. We wanted to get a core group of properties working well. Now, we’re positioned to expand into Charlotte.”
Alexander Place, built in 1985 and renovated in 2008, is located on 37 acres of prime real estate. “We believe North Carolina will be our highest growth region in the next decade,” Connor said.
The Connor Group started in Dayton in 1991 with $400,000 to purchase three apartment communities. The company now owns more than $1.3 billion in assets and has approximately 16,500 units.