Developing

Connor Group expands into Tampa with $123M acquisition

Published: Monday, September 09, 2019 @ 8:41 AM

Anchor Riverwalk, Tampa, Fla. CONTRIBUTED
Anchor Riverwalk, Tampa, Fla. CONTRIBUTED

The Connor Group, a Miami-Township, Ohio real estate investment firm, has expanded into the Tampa, Fla. market.

The company closed on Anchor Riverwalk in a $123 million deal, its 173rd transaction in 27 years, the firm announced.

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“We have been interested in the Tampa area for quite some time, and were disciplined and waiting for the right property at the right location,” Connor Group founder and managing partner Larry Connor said in a release. “Anchor Riverwalk checked all of the boxes for us, and we are excited to enter our 14th market.”

Anchor Riverwalk is a 394-unit property. “The Tampa Riverwalk and surrounding area is a highly sought after location by residents,” the Connor Group said.

The 5-story, mid-rise community, was built in 2018 and its amenities include two saltwater pools, a zen garden, a skylounge and private event room with downtown views, a 24-hour fitness center and spin studio.

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The Connor Group today owns 39 properties in 14 markets. In the past year, the company has executed $760.8 million in acquisitions in cities such as Tampa, Minneapolis, Fort-Worth, Louisville, Chicago, and Atlanta.