The firm has sold its four-property, 945,906-square-foot, Metropark portfolio to Opal Holdings.

Investors are increasingly looking to assets with large amounts of flex space as attractive opportunities.

The facility lowers the REIT's borrowing costs by 10 basis points from its prior facility.

The fund allows Continental to double down on its suburban multifamily strategy, which it has been executing for more than 20 years.