May 27--Centerville-based real estate investment firm The Connor Group has purchased an apartment community in Charlotte, N.C., company officials said Tuesday. The closing marked the company's third acquisition in that market in the last seven months.
The Connor Group purchased the property, The Arboretum, from Simpson Financial Limited Partnership for $32.25 million, officials said.
The Arboretum is a 277-unit community featuring a resort-style swimming pool and indoor lap pool, business center, fitness center, billiards and media room and lighted tennis courts.
The Connor Group was founded in 1991 in Dayton. It now owns more than $1.5 billion in assets. The firm owns and operates communities in Atlanta, Austin, Charlotte, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham, S.C.
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