Continental Properties has announced the successful closing of 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 used to develop 14-16 suburban rental communities across Continental’s established brands, with a projected aggregate stabilized value exceeding $1 billion. This achievement highlights the company’s dedication to addressing the growing demand for market-rate, workforce-attainable housing.
“Our reputation for delivering successful outcomes has provided us the good fortune of loyal investors and the ability to attract new partners,” said Alex Wagner, Vice President of Investor Relations. “We remain optimistic about the suburban multifamily development landscape and the opportunities this fund will create to deliver strong returns and enrich communities by fostering growth and enhancing the long-term appeal of the areas we serve.”
Discover more about this milestone and Continental’s vision for the future: https://loom.ly/W4s_V9U