Continental Properties Co. has closed Continental Properties Real Estate Development Fund IV LP with $203 million in total capital commitments. The company develops, owns and operates middle-income suburban rental housing.
Proceeds from the fund will fuel the development of 10 to 15 suburban multifamily communities under Continental’s trademarked brands: Springs Apartments and Authentix Apartments, drawing on a robust pipeline of projects that have already cleared the company’s initial investment committee approval. The communities will bring new housing options at multiple price points to critically underserved regions, helping to address the housing crisis that continues to affect markets across the United States.
“Closing our fourth development fund is a result of the same disciplined, data-driven approach that has guided Continental for more than 47 years,” said Jim
