The Connor Group Expands North Carolina Portfolio with Acquisition of The Alcove at Birkdale Village

Charlotte area apartment community is the real estate investment firm’s third purchase nationally in three months

DAYTON, Ohio--(BUSINESS WIRE)--The Connor Group, a leading national real estate investor and operator of luxury apartments, added to its Charlotte market portfolio by closing on The Alcove at Birkdale Village (formerly Redcliffe at Kenton Place), a 314-unit luxury apartment community near Lake Norman. The purchase price was not disclosed.

The Dayton, Ohio-based firm has closed on $334 million of acquisitions nationally in the last three months. The Alcove at Birkdale Village is The Connor Group’s sixth purchase in 2023, bringing its assets under management to over $4 billion.

“Acquisitions are a significant part of our investment strategy, regardless of market conditions,” said Bob Lloyd, CEO of The Connor Group. “Rising interest rates may be slowing investments, but we remain disciplined in our approach and will continue to utilize our investment conviction, market knowledge, and operational excellence to identify opportunities that enable us to achieve consistent, unprecedented returns for our investors.”

The purchase of The Alcove at Birkdale Village adds a third property in the Charlotte submarket for The Connor Group, joining Elizabeth Station and Greenway at Mallard Creek.

“The Alcove at Birkdale Village is ideally situated in a thriving market where we have operated successfully for more than a decade,” said Brock Wright, senior vice president of acquisitions at The Connor Group. “Its proximity to beautiful Lake Norman, the largest man-made lake in the Carolinas with 520 miles of shoreline, makes this location especially desirable for residents.”

The community offers a diverse range of unit types, including one-, two- and three-bedroom garden-style apartment homes within walking distance of Birkdale Village shops, and is conveniently located 25 minutes from downtown Charlotte.

In June, The Connor Group entered into the Phoenix, AZ market with its acquisition of Aston Scottsdale and expanded its presence in Fort Lauderdale, FL with its acquisition of The Villas at Wyndham Lakes.

The Connor Group is one of the country's top privately held real estate investors and operators with a 31-year track record of innovation, accelerated growth, and industry-leading investment returns. Based in Dayton, Ohio, The Connor Group was founded in 1992 and has grown to $4 billion in assets. With a portfolio encompassing more than 13,000 luxury apartments across 18 markets.