The Connor Group
The Connor Group is a privately held real estate investment firm founded in 1992 that owns and operates luxury apartment communities across 17 U.S. markets. It manages 40+ properties and 13,000+ units, serving residential renters and a 1,300+ accredited investor base with over $5B in assets.
- Company typePrivate
- Founded1992
- HeadquartersDenver, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What The Connor Group does
The Connor Group is a privately held real estate investment firm founded in 1992 by Larry Connor in Dayton, Ohio. The company acquires, owns, and operates luxury apartment communities across 17 U.S. metropolitan markets including Austin, Nashville, Tampa, Atlanta, Minneapolis, Charlotte, Miami/Ft. Lauderdale, Phoenix, Raleigh-Durham, Dallas, Denver, Louisville, Indianapolis, San Antonio, Columbus, Cincinnati, and Dayton, managing 40+ properties and 13,000+ units with over $5 billion in assets.
The firm runs a vertically integrated operating model that pairs an in-house Central Support Office (headquartered at an American Architecture Award-winning facility in Miamisburg/Dayton, Ohio) with on-site sales, service, and maintenance teams at each property. Underlying technology includes proprietary property management and billing systems, an in-house "Circle of Success" accountability framework, and a Securecafe-powered resident portal plus a Juniper Square-powered investor portal. The founder previously co-founded Regional Billing Services (2003) and FirstCloud (2012), the latter sold to Paya in 2019 for $57.5M, establishing an early track record in cloud-based multifamily billing.
The Connor Group earns revenue primarily through monthly rental income from luxury apartment leases (recurring) and through capital appreciation and investor returns on acquired properties (transaction-based). It serves two customer segments: residential renters seeking luxury apartments, and a 1,300+ accredited investor base. The company employs 400+ associates, of which 60+ hold equity-partner stakes, and operates a non-profit arm (Kids & Community Partners) funded by a percentage of revenue with $500M in planned community investment over the next decade. Distribution is direct-to-consumer via on-site leasing offices and 19+ property-specific websites, with no third-party brokerage channel.
The Connor Group firmographics
Firmographics- Name
- The Connor Group
- Legal name
- The Connor Group
- Website
- https://connorgroup.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- The Connor Group is a privately held real estate investment firm founded in 1992 that owns and operates luxury apartment communities across 17 U.S. markets. It manages 40+ properties and 13,000+ units, serving residential renters and a 1,300+ accredited investor base with over $5B in assets.
- Ownership category
- akta.pro rank
The Connor Group industry classification
Industry- Product category
- Luxury Multi-Family Real Estate / Apartment Rentals
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Vehicles (525990)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Real Estate (6500)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), REITs & Listed Real Estate Securities (FSAAAKAD), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where The Connor Group is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
The Connor Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Apartment Rental Income: The primary revenue stream comes from monthly rental income from luxury apartment communities. Residents pay rent for apartments and townhomes across 17 markets in the United States.
- Real Estate Investment Returns: The company generates returns through real estate investment, buying underperforming properties, improving operations, and selling at higher values. Historical investor IRR of 30.4% since inception.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | General Manager position: $125,000-$160,000 annually (base + bonus) with equity ownership opportunities |
| Hybrid | Monthly | Sales Associate position: Competitive base pay + uncapped monthly commission, 40 hours guaranteed |
| Other | Pay-as-you-go | Maintenance Technician position: Starting at $21/hr in Tampa, FL |
| Other | Annual | Vice President of Accounting: Equity ownership opportunity within 24 months valued at approximately $4 Million after 10 years |
| Other | Multi-year contract | General Manager equity partner pathway |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
The Connor Group product offering
Product offeringCore offering
The Connor Group is a real estate investment firm that owns and operates luxury apartment communities across 17 U.S. markets. The company invests in underperforming properties, improves operations through professional management, and generates revenue primarily through monthly rental income from residents. The firm has grown from $0 to over $5 billion in assets since 1992, with a portfolio encompassing 13,000+ units across markets including Austin, Nashville, Tampa, Atlanta, Minneapolis, Charlotte, Miami/Ft. Lauderdale, Phoenix, Denver, and others.
Product overview
The Connor Group is a real estate investment firm that owns and operates luxury apartment communities across 17 U.S. markets. Its core product is its portfolio of apartment communities, which span markets including Austin, Nashville, Tampa, Atlanta, Minneapolis, Charlotte, Miami/Fort Lauderdale, Phoenix, Raleigh-Durham, Dallas, Denver, Louisville, Indianapolis, San Antonio, Columbus, Cincinnati, and Dayton. The company operates these communities as a professional operator, significantly improving bottom-line performance and customer satisfaction. Supporting the core apartment operations are ancillary services and brands: The Connor Group Kids & Community Partners (philanthropic non-profit), Regional Billing Services (multi-family billing and payment solutions), and First Billing Services/FirstCloud (cloud-based outsourced billing, sold to Paya in 2019). Individual properties operate under their own brand names (e.g., Excelsior & Grand, Sycamore Ridge of Dublin, Alas Over Lowry), each with dedicated property websites featuring virtual tours, floor plans, and resident portals powered by Securecafe. The company also provides an investor portal (Juniper Square) and a dedicated careers portal.
Differentiator
Problem solved
Functional benefit
Products and services
- Luxury Apartment Communities A portfolio of 40+ luxury apartment communities encompassing 13,000+ units across 17 U.S. metropolitan markets, including Austin, Nashville, Tampa, Atlanta, Minneapolis, Charlotte, Miami/Ft. Lauderdale, Phoenix, Raleigh-Durham, Dallas, Denver, Louisville, Indianapolis, San Antonio, Columbus, Cincinnati, and Dayton. Properties feature studio, one-, two-, and three-bedroom apartments and townhomes with designer finishes (granite or quartz countertops, stainless steel or Samsung appliances, luxury plank flooring), resort-style amenities (pools, fitness centers, rooftop lounges, EV charging), and are marketed to individuals and families seeking high-quality rental housing. The portfolio is operated as a vertically integrated real estate investment and management business.
- Real Estate Investment Program An investment offering enabling accredited individual and institutional investors to participate in The Connor Group's luxury multi-family real estate portfolio. The firm buys underperforming properties, improves operations, and sells at higher values, with a reported historical investor IRR of 30.4% since inception (37.1% over the prior 5 years). Investors access performance data and account information via a Juniper Square-powered investor portal.
Quantifiable outcome
- 30.4% annual investor rate of return since inception
- +4 more outcomes
Companies that use The Connor Group
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
The Connor Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature1 record
The Connor Group partnerships and signals
Strategic signalScale indicators8 records
Recent moves7 records
Expansion highlights5 records
The Connor Group competitors and assessment
Company assessmentDirect peers
- AvalonBay Communities: A publicly traded apartment REIT that owns and operates luxury Class A apartment communities in many of the same high-growth U.S. markets as The Connor Group (Austin, Charlotte, Denver, Tampa, Raleigh-Durham, etc.). Directly comparable business model of luxury rental ownership and operations.
- Greystar Real Estate Partners: The largest U.S. multifamily operator and investment manager, owning/managing ~800,000 units. Comparable to The Connor Group as a vertically integrated apartment owner-operator with institutional capital and a national footprint in the same property class.
- RPM Living: A private, fast-growing multifamily property management and investment firm that operates a national portfolio of Class A apartments, with overlap in many Sun Belt markets where The Connor Group is active.
- Veris Residential: A publicly traded multifamily REIT focused on Class A luxury rental communities primarily in the Northeast U.S. Comparable in targeting premium renter demographics and operating high-quality urban/suburban apartment communities, though with a different geographic mix.
- Equity Residential: A large publicly traded apartment REIT focused on urban luxury multifamily in gateway and high-growth U.S. markets. Comparable to The Connor Group in targeting high-quality rental product and premium residents.
- Camden Property Trust: A publicly traded apartment REIT operating Class A multifamily in many Sun Belt markets (Atlanta, Charlotte, Tampa, Austin, Nashville, Raleigh-Durham) that overlap with The Connor Group's footprint.
- Bozzuto Group: A privately held real estate firm that develops, owns, and manages luxury multifamily across the East Coast and select Sun Belt markets. Comparable to The Connor Group as a private, culture-driven apartment owner-operator in similar Class A product.
- BH Management Services: One of the largest privately held multifamily management firms in the U.S., managing ~100,000 units. Comparable to The Connor Group as a private, culture-driven apartment operator with a national footprint in similar product types.
- Mid-America Apartment Communities (MAA): The largest Sun Belt-focused apartment REIT, with deep overlap with The Connor Group in markets like Atlanta, Tampa, Charlotte, Austin, Nashville, Dallas, and Raleigh-Durham. Comparable luxury rental operating model.
Broad incumbents
- Lincoln Property Company: A large national residential and commercial real estate firm with one of the largest third-party apartment management platforms in the U.S. Overlaps with The Connor Group in multifamily operations across multiple markets, though Lincoln also serves a broader property type mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
The Connor Group social profiles
Digital presenceThe Connor Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Connor Group leadership team
Management profileNumber of profiles
Profiles9 records
The Connor Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
The Connor Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Connor Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Connor Group
What does The Connor Group do?
The Connor Group is a real estate investment firm that owns and operates luxury apartment communities across 17 U.S. markets. The company invests in underperforming properties, improves operations through professional management, and generates revenue primarily through monthly rental income from residents. The firm has grown from $0 to over $5 billion in assets since 1992, with a portfolio encompassing 13,000+ units across markets including Austin, Nashville, Tampa, Atlanta, Minneapolis, Charlotte, Miami/Ft. Lauderdale, Phoenix, Denver, and others.
Is The Connor Group a public or private company?
The Connor Group is a private company. It is classified as management employee owned and is currently operating.
When was The Connor Group founded?
The Connor Group was founded in 1992. It employs 251 to 500 people.
Where is The Connor Group based?
The Connor Group is headquartered in Denver, United States, in the North America region.
How does The Connor Group make money?
Two revenue lines are on record. Apartment Rental Income is the primary driver. The others are real Estate Investment Returns.
Who are The Connor Group's main competitors?
Direct peers on record are AvalonBay Communities, Greystar Real Estate Partners, RPM Living, Veris Residential, Equity Residential, Camden Property Trust, Bozzuto Group, BH Management Services and Mid-America Apartment Communities (MAA). Lincoln Property Company is listed as a broad incumbent.
Does The Connor Group have an API?
No public API is recorded for The Connor Group.
What industry is The Connor Group in?
The Connor Group's product category is Luxury Multi-Family Real Estate / Apartment Rentals. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its NAICS code is 523940 and its SIC code is 6532.