Achieving the impossible and setting new records is something all Connor Group associates thrive on. October 19, 2018, was a day we raised the bar. We closed 10 transactions in a single day for $465.75 million. All in, with financings, that number accounted for $618 million of hard work.
Associates across five different properties achieved revenue targets, setting us up to close six supplemental loans:
- Allura Las Colinas, Dallas
- Hunters Chase, Dayton
- West Village Phase I, Raleigh-Durham
- West Village Phase III, Raleigh-Durham
- Estates at New Albany, Columbus
- 3833 Peachtree, Atlanta
We also closed on four acquisitions that day in four different markets:
- Ardmore & 28th, Atlanta
- The Falls at Settlers Walk, Dayton
- Wheaton 121, Chicago
- Terracina, Denver
Partner and VP Brock Wright remembers the Colossal Closing Day well. He was just 45 days into his training at The Connor Group, learning our systems and culture.
“The Colossal Closing Day taught me the importance of meeting deadlines. We don’t miss closings, no matter what,” Brock said. “Our teams at the properties work incredibly hard to achieve their revenue targets and do their part to set us up for a successful transaction. It’s critical that we do our part and close.”
Partner and senior director Chesley Lewis was at Allura in 2018 and recalls the energy this closing day created not only at her property, but across the entire company.
“We were part of something bigger than just us,” Chesley said. “The fun thing about records are they are made to be broken. Whether it’s the rent roll at Bayside or the transactional day record, we love the competition and it’s something we’re talking about all the time.”
Dayton partner and senior director Katie Powell led the charge at Hunters Chase in 2018 and remembers calling partner Kim Whitesell every day at The Estates at New Albany to see who was on track leading up to the closing.
“I knew I couldn’t miss a goal. Every property had to hit their revenue targets, or we wouldn’t be able to close,” Katie said. “We held each other accountable. This was the first capital event at Hunters Chase, and ever since, we’ve continued to knock it out of the park there.”
One thing is for sure. Our associates look forward to raising the bar.
“Our team gets excited about breaking records,” Brock said. “And we want all of them. I have no doubt that within the next three years, we’ll be talking about a new Connor Group single-day transactional record.”