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Continental Closes Another Multifamily Fund With Eye on Long-Term Investors

The company immediately used the fund to acquire a $588 million portfolio of 10 suburban multifamily communities it had developed.

By Les Shaver | May 07, 2021 at 06:53 AM

On April 20, 2021, Continental Properties Company closed the $206 million Continental Properties Real Estate Income Fund II. Immediately afterward, it used the fund to acquire a $588 million portfolio of 10 suburban multifamily communities that it developed.

In January 2021, the company closed Continental Properties Real Estate Development Fund I, which closed with $180 million of equity and up to $700 million of total construction costs. In November 2019, it closed Continental Properties 2019 Real Estate Income Fund with a total equity of $158.5 million and a total portfolio value of $598 million.

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