The Connor Group says it has closed on a deal that will pay it $41.3 million for Parkside at Town Center, a 234-unit luxury apartment complex in Marietta, Ga.
That sale price is $14.1 million more than the Miami Twp.-based real estate investment firm paid for the property in 2014.
This is the 128th property the Connor Group has sold in the company’s 25-year history.
“We have been extremely successful in an extremely short period of time at Parkside because of the people at the site,” Connor Group Managing Partner Larry Connor said in a company announcement. “From management, to sales and service, they have spelled the difference.”
Parkside at Town Center Apartments was the third sale for the company this year. The business said it plans to make more than $1 billion in transactions this year.
Founded in 1992, the Connor Group has grown to more than $2.2 billion in assets.
The real estate investment firm owns and operates luxury apartments in Austin, Nashville, Atlanta, Minneapolis, Chicago and other cities.
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.