News Column

BRIEF: The Connor Group buys $32M complex in Charlotte

May 27, 2014

By Dave Larsen, Dayton Daily News, Ohio



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.

___

(c)2014 the Dayton Daily News (Dayton, Ohio)

Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com

Distributed by MCT Information Services


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Dayton Daily News (OH)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters