Thrill-seeking Larry Connor has achieved astronomical real estate returns while also indulging in adventures such as flying a fighter jet, traveling into space, and diving to the depths of the ocean. With his real estate firm, the Connor Group, Connor has amassed a $2 billion fortune by taking calculated risks and following a unique transactional model that focuses on maximizing value in a short period of time. The firm’s investments in luxury apartments have generated an impressive annual rate of return of 30.4%, far surpassing industry titans like Blackstone and Brookfield.
Connor’s approach involves constant analysis and optimization of every property, with a keen eye on profitability and market trends. The firm’s quick turnaround strategy has led to lucrative returns, with many properties sold within three years of acquisition. Every sale is commemorated in a meeting room at the headquarters, highlighting the firm’s successful deals worth over $6 billion since 1995. Despite his significant ego, Connor’s calculated risk-taking and internal risk calculator have propelled him to success in the real estate industry.
The Connor Group currently owns and operates a $5 billion portfolio of 51 apartment buildings across 12 states, with impressive returns during the post-pandemic boom. While other industry players focus solely on real estate, Connor views his firm as a group of investors that happen to invest in apartments. The firm’s culture emphasizes efficiency and performance, with top performers earning partnership stakes and opportunities for growth. Every decision and dollar spent is carefully scrutinized to maximize results and maintain high standards of performance.
With a background in entrepreneurship and a history of overcoming challenges, Connor’s journey to success in real estate is marked by resilience and determination. After facing business failures and financial setbacks, he turned to real estate and built a successful firm by seizing opportunities during turbulent times, such as the 2008 financial crisis. Despite the volatile nature of the real estate industry, Connor remains optimistic about the future, citing higher rents and strategic refinancing as factors that ensure the firm’s stability and growth.
As the real estate market faces uncertainties and challenges, Connor remains confident in his firm’s ability to adapt and thrive. While acknowledging that 2023 was not a stellar year for the Connor Group, he remains optimistic about the future, citing increasing rents and strategic debt management as key factors in navigating potential market fluctuations. With a hands-on approach and a commitment to excellence, Connor continues to lead the Connor Group towards success, with new adventures on the horizon and a dedication to maximizing every opportunity for growth and profitability.
