The Connor Group has acquired the Carmel Center Apartments, a luxury community located just north of Indianapolis in the city of Carmel, Indiana. The purchase price was not disclosed.
Carmel Center is The Connor Group’s third purchase in the Midwest region this year, joining The Coil Apartments and The Domain at Bennett Farms, and the firm’s seventh purchase overall in 2023, bringing its total assets under management to more than $4.5 billion.
“With an excellent location in the heart of Downtown Carmel, well-designed apartments and highly desirable amenities, Carmel Center is exactly the type of high-quality asset investors want in today’s turbulent real estate market,” said Bob Lloyd, CEO of The Connor Group.
The Carmel Center Apartments are within walking distance of several attractions, including Monon Trail, Carmel City Center shops and restaurants. The property is located across the street from the Carmel Farmers Market, one of the largest in Indiana.