The Connor Group expands North Carolina portfolio with acquisition of The Alcove at Birkdale Village
The Connor Group added to its Charlotte, N.C., 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 past 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 at 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 Vil