C
ontinental Properties Company, Inc., a national developer and operator of rental home communities, retail, and hospitality properties, has successfully closed its ninth private real estate fund, Continental Properties Real Estate Development Fund III, L.P. The fund raised approximately $210 million in total capital commitments, which will be invested in the development of suburban apartment communities under its existing brands.

    At completion, Continental anticipates developing 14-16 properties with a projected aggregate stabilized value exceeding $1 billion. This milestone underscores Continental's ability to execute its strategic vision and offer investors a compelling opportunity to participate in under-supplied housing markets.

    "We remain confident about the opportunities over the next 12-18 months to develop properties that will open into under-supplied markets," said Jim Schloemer, Co-Founder and CEO of Continental Properties. "Our focus remains on meeting the evolving needs of our residents and investors to ensure sustainable growth and long-term value for all stakeholders."

    Continental has consistently delivered quality suburban rental housing through its branded communities: Springs Apartments, Authentix Apartments, and Avanterra Homes. The company's reputation for delivering successful outcomes has provided it with loyal investors and the ability to attract new partners.

    Since late 2019, Continental Properties has raised $1.7 billion, achieving a total portfolio value of over $5 billion. "We remain optimistic about the suburban multifamily development landscape and the opportunities this fund will create to deliver strong returns and enrich communities," said Alex Wagner, Vice President of Investor Relations.

    For more information, please contact Continental Properties' Investor Relations Team at (262) 502-5500 or [email protected].