Connelly Builders and Development

About Connelly Builders and Development

Connelly Builders and Development is a real estate operator headquartered in Lexington, SC. Connelly Builders and Development operates in Charlotte, North Carolina, Columbia, South Carolina and Spartanburg, SC. Its investment focus is on Affordable Housing, Historic Tax Credits and LIHTC.

Connelly Builders and Development is a private, vertically integrated real estate development and construction firm based in Spartanburg, South Carolina. Founded in 1997, the company has completed 29 years of continuous operations. The enterprise operates through two specialized corporate arms, Connelly Builders, Inc. and Connelly Development, LLC, leveraging a professional staff that possesses over 100 years of combined real estate industry experience. The corporation concentrates its business model entirely on the multifamily residential sector, managing the complete asset lifecycle from initial site selection and capital restructuring to final vertical construction. Its operational framework focuses on the execution of specialized housing solutions, targeting three primary sectors: affordable workforce housing for families and individuals under 55 years of age, active elderly communities for adults aged 55 and older, and conventional market-rate apartment complexes. The firm holds unlimited general contracting licenses, allowing it to act as the direct builder for all its institutional projects. The organization's geographical investment footprint spans four states across the Southeastern United States, including South Carolina, North Carolina, Georgia, and Tennessee. Connelly Builders and Development has completed 46 multi-family projects to date, representing a cumulative capital deployment with total development costs exceeding 370,000,000 dollars. Its localized pipeline focuses on bringing high-density residential properties to high-growth submarkets throughout the Carolinas and neighboring regional corridors.

Principals at Connelly Builders and Development

Recent activity at Connelly Builders and Development

No recent signals captured for Connelly Builders and Development yet. Set up a Signals alert to be notified when fund closes, leadership changes, or new developments surface in the trade press.

Connelly Builders and Development's project portfolio

3 projects on file · Multifamily (3)

Markets and themes

Markets Connelly Builders and Development operates in

• Charlotte, North Carolina
• Columbia, South Carolina
• Spartanburg, SC
• Wilmington, North Carolina

Investment themes at Connelly Builders and Development

• Affordable Housing
• Historic Tax Credits
• LIHTC
• Multifamily - Ground-up
• Senior Housing
• Workforce Housing

Capabilities

• Asset Management
• Construction Management
• Custom Homes
• Environmental Remediation
• Site Development
• Sustainability

Operators similar to Connelly Builders and Development

• Sunflower Development Group
  Mid-market tierSenior HousingHistoric Tax Credits+4 more themes
• Reger Holdings
  Mid-market tierCharlotte, North CarolinaColumbia, South CarolinaSenior HousingAffordable Housing+2 more themes
• Excel Development Group
  Mid-market tierSenior HousingAffordable Housing+3 more themes
• Somerset Development Company
  Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes
• Develop Detroit
  Mid-market tierSenior HousingHistoric Tax Credits+3 more themes
• Home City Development, Inc. (HCDI)
  Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes
• MGL Partners
  Mid-market tierSenior HousingAffordable Housing+3 more themes
• Bronx Pro Group
  Mid-market tierSenior HousingAffordable Housing+3 more themes
• St. Charles Town Company
  Mid-market tierHistoric Tax CreditsAffordable Housing+3 more themes
• Ulysses Development Group
  Mid-market tierSenior HousingAffordable Housing+3 more themes

Frequently asked questions about Connelly Builders and Development

What does Connelly Builders and Development do?

Connelly Builders and Development is a private, vertically integrated real estate development and construction firm based in Spartanburg, South Carolina.

Where is Connelly Builders and Development based?

Connelly Builders and Development is headquartered in Lexington, SC.

What markets does Connelly Builders and Development operate in?

Connelly Builders and Development is active in Charlotte, North Carolina, Columbia, South Carolina, Spartanburg, SC, and Wilmington, North Carolina.

How many employees does Connelly Builders and Development have?

Connelly Builders and Development has 11–50 employees.