Connelly Builders and Development
Lexington, SC 11–50 employees 9 principals
Last updated by Dawn
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.