Local real estate firm sells apartments for $36M

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A local real estate firm sold an apartment complex for $36 million — more than double what it bought it for eight years ago.

The Connor Group said today that its first sale of this year was Brookwood Valley, a 240-unit apartment community in Atlanta.

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Miami Twp. company sells Raleigh property for $36M

The Miami Twp. real estate investment firm bought the property in 2010 for $17 million and sold it to AP Ocean Acquisitions LLC for $36 million earlier this month.

“We’ve been forecasting a shift in the market for quite some time,” managing partner Larry Connor said in a statement. “Although we think it’s imminent, there are still great opportunities to sell. That was the case with Brookwood Valley.

The Connor Group says it has more than $2.2 billion in assets, including luxury apartments in Ohio but also metro areas across the U.S. like Austin, Nashville, Atlanta, and Chicago.

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