Continental Properties Closes $105M Real Estate Fund

Continental Properties Company, Inc., a Wisconsin-based developer and operator of rental communities, retail, and hospitality properties, announced the closing of its eighth commingled real estate fund, Continental Properties Real Estate Opportunities Fund I, L.P. The Fund recently held its final closing with a total capital of $105 million, which will be utilized to acquire predominantly multifamily communities.

James Schloemer, Co-Founder and CEO of Continental Properties and Chairman of the National Multifamily Housing Council said, “Launched on the success of previous funds, including our Income Funds and Development Funds, we created the Opportunities Fund to take advantage of the current dislocation in the real estate market.”

Continental Properties has a long history in multifamily rental housing, primarily as a developer and operator of its branded communities – Springs Apartments, Authentix Apartments, and Avanterra Homes. “This fund represents a new opportunity for our team and our investors to capitalize on the current volatility and uncertain market conditions,” added Ed Madell, CFO.

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