Connor Group expands into Tampa with $123M acquisition

Local firm has 39 properties in 14 markets
Anchor Riverwalk, Tampa, Fla. CONTRIBUTED

Anchor Riverwalk, Tampa, Fla. CONTRIBUTED
Business
By
Sept 9, 2019
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The Connor Group, a Miami-Township, Ohio real estate investment firm, has expanded into the Tampa, Fla. market.

The company closed on Anchor Riverwalk in a $123 million deal, its 173rd transaction in 27 years, the firm announced.

RELATED: Racing or racking up deals, Larry Connor grows business

“We have been interested in the Tampa area for quite some time, and were disciplined and waiting for the right property at the right location,” Connor Group founder and managing partner Larry Connor said in a release. “Anchor Riverwalk checked all of the boxes for us, and we are excited to enter our 14th market.”

Anchor Riverwalk is a 394-unit property. “The Tampa Riverwalk and surrounding area is a highly sought after location by residents,” the Connor Group said.

The 5-story, mid-rise community, was built in 2018 and its amenities include two saltwater pools, a zen garden, a skylounge and private event room with downtown views, a 24-hour fitness center and spin studio.

MORE: Dayton's federal building named in Judge Rice's honor

The Connor Group today owns 39 properties in 14 markets. In the past year, the company has executed $760.8 million in acquisitions in cities such as Tampa, Minneapolis, Fort-Worth, Louisville, Chicago, and Atlanta.

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Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.