Continental Properties closes apartment fund with $130.5 million
Fundraising - MAY 1, 2023

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Continental Properties closes apartment fund with $130.5 million

by Larry Gray

Continental Properties has announced the closing of its seventh commingled real estate fund, Continental Properties Real Estate Income Fund V. The fund held its final closing on Dec. 31, 2022, with total capital of approximately $130.5 million employed to invest in six suburban apartment communities located in six states, developed and managed by Continental Properties, with a total value of $389 million.

“The Income Fund series of funds was created to give investors exposure to a newly developed, geographically diverse portfolio of multifamily communities and to generate attractive and consistent cash flow, along with the opportunity for long-term capital appreciation and tax-efficient risk-adjusted returns,” said Jim Schloemer, co-founder and CEO of Continental Properties and vice chairman of the National Multifamily Housing Council. “Unlike many other funds in the market, investors’ capital in our Income Fund V was deployed immediately upon closing, and investors

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