Connor Group invests nearly $129M in dual transactions

The Connor Group central office building’s angular lines still turn heads since its unveiling in 2014. The Mimai Twp. site serves as the company’s headquarters. THOMAS GNAU/STAFF

caption arrowCaption
The Connor Group central office building’s angular lines still turn heads since its unveiling in 2014. The Mimai Twp. site serves as the company’s headquarters. THOMAS GNAU/STAFF

The Connor Group, a Miami-Township-based real estate investment firm, completed $128.65 million in two transactions recently

The company completed its first property sale in the Chicago market, selling Aurora at Summerfield, while also purchasing NorthHaven at Johns Creek in the Atlanta area.

Aurora at Summerfield was purchased by the Connor Group in October 2015 for $62.1 million.

MOREDeveloper wants to rehab landmark Dayton building

“The key to our success in Chicago is a direct result of having the right people in place to execute our systems. Thanks to our dedicated team, the right leadership and their relentless pursuit of excellence – we are able to provide our investors a significant return on their investment,” Managing Partner Larry Connor said in an announcement on the deals.

NorthHaven at Johns Creek, a 227-unit property, was purchased for $50.5 million. NorthHaven is located in the Johns Creek submarket, which ranks as the No. 1 “best place to live” and the No. 5 “most successful cities in Georgia” in recent surveys.

The property offers amenities including a resort-style swimming pool, electric car charging station, dog park, and outdoor kitchen and grill stations, the company said.

The Connor Group now has closed or placed under agreement more than $1 billion in transactions this year in cities such as Tampa, Minneapolis, Fort-Worth, Louisville, Chicago, and Atlanta.

In all, the company owns 38 properties in 14 markets.

About the Author