Ohio investor nabs another Austin luxury apartment complex
Mar 5, 2014
Austin Business Journal
The Connor Group in Centerville, Ohio, is adding to its portfolio of Austin apartments. The company has purchased four luxury communities in the past couple of years, including most recently Broadstone at Great Hills near Capital of Texas Highway and Spicewood Springs Road
The 256-unit complex at 8501 Bluffstone Cove has been renamed Canyon Resort at Great Hills. CBRE Group Inc.
Alliance Residential Co. based in Phoenix was the seller through an entity named Broadstone at Great Hills PRISA 1059 LP
The Connor Group also owns Cityview at SoCo, 1007 S. Congress Ave.; Crescent, 127 E. Riverside Drive; and River Oaks, 6607 Brodie Lane, for a total of 1,000 units. The company was started in 1991 with a $400,000 investment. It now has assets of more than $1.5 billion
Alliance Residential still owns several properties in Austin and Round Rock and is building 422 at the Lake, a new downtown apartment complex on the site of the former RunTex store at 422 E. Riverside Drive