“People, plans and process make the difference,” managing partner and CEO Larry Connor said. “Thanks to our Atlanta associates following our proven systems, they successfully re-engineered the property in less than 24-months, putting us in phenomenal position to sell.”
Ardmore & 28th was originally purchased for $39 million in October 2018, according to the Connor Group. The sale gives $77,633 in proceeds back to the company’s non-profit arm, Kids and Community Partners, the company said in a statement.
“We believe organizations like ours who have been extremely successful have both the opportunity and the obligation to give back,” Connor said. “We don’t look at it as a gift. We look at it as an investment. Over the next decade, we anticipate investing $500 million in non-profit endeavors to help disadvantaged kids.”
Throughout the pandemic, the company said it has provided $1.5 million in small business loans to minority and women-owned businesses, $380,000 in food distributions to local Dayton students and their families, and 50 wi-fi hotspots to students to assist with e-learning.
The Connor Group, founded in 1992, currently owns and operates 42 luxury apartment communities in 14 markets across the country.
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