Continental Properties Unveils $105 Million Fund Targeting Multifamily Real Estate Opportunities

Continental Properties Company, Inc., a leading name in the multifamily and commercial real estate sector, has successfully closed its eighth commingled real estate fund, named Continental Properties Real Estate Opportunities Fund I, L.P. This new fund has garnered a total capital of $105 million, earmarked for the acquisition of multifamily communities within the markets Continental already has a presence in. James Schloemer, Co-Founder and CEO of Continental Properties and Chairman of the National Multifamily Housing Council (NMHC), highlighted this fund as a strategic addition to the company's investment portfolio, designed to leverage the current market dislocations.

With a rich history in developing and operating multifamily rental housing, including its Springs Apartments, Authentix Apartments, and Avanterra Homes brands, Continental remains committed to the multifamily real estate sector. Ed Madell, CFO of Continental Properties, pointed out the favorable long-term demographics and the rising cost of homeownership as key drivers for sustained demand in rental housing. The current market conditions present an opportune moment for acquiring quality properties at significant discounts.

Despite challenges such as interest rate volatility and a slowdown in capital market activities, Continental's team managed to raise the necessary capital swiftly. Dan Minahan, President and COO, emphasized the company's dedication to maintaining strict underwriting standards and acting as a responsible steward of investor capital. This approach has helped Continental raise nearly $1.5 billion since late 2019, reflecting strong investor confidence in its strategic direction and execution capabilities.

Alex Wagner, Vice President of Investor Relations at Continental Properties, expressed optimism about the future, particularly regarding the upcoming Development Fund III. This fund aims to continue the company's focus on investing in suburban, market-rate developments across the United States. Wagner anticipates sustained investor interest in Continental's future investment offerings.

Continental Properties stands out as a national developer and operator of rental communities, retail, and hospitality properties. Since its foundation in 1979, the company has developed over 129 apartment communities with more than 34,000 apartment homes across 19 states. For those interested in learning more about investment opportunities with Continental Properties, contact their Investor Relations Team at (262) 502-5500 or [email protected].