Acquisition Targets

Connell intends to develop and/or acquire newer built, Class A multifamily assets it believes are among the top of the class within a particular target submarket and whose rent, and therefore property's income, should grow with inflation.  Connell has identified metropolitan areas where it believes economic growth is occurring and will continue, and is targeting submarkets within those areas that are most desirable for multifamily properties.

Connell’s primary target markets include, but are not limited to: Atlanta, Austin, Charlotte, Dallas, Denver, Houston, Miami, Portland, Raleigh, San Antonio, San Francisco, Scottsdale, Seattle, and Washington DC/Northern Virginia.  Connell intends to actively monitor and opportunistically adjust designated target markets for acquisitions or developments that meet the firm's long-term financial and diversification objectives. 

Connell intends to pursue core, stabilized assets, core-plus or “value-add” properties, real estate owned (“REO”) opportunities, new development and construction take-out opportunities/pre-sale arrangements with well-qualified developers in target markets.

Target properties include: urban-infill midrise/high-rise residential rental projects and suburban garden-style apartments.