Continental Properties closes second real estate development fund

Continental Properties, a Wisconsin-based national developer and operator of multifamily communities, retail and hospitality properties, has completed its initial closing for its second real estate development fund.

Continental Properties Real Estate Development Fund II has secured $346 million of capital commitments to invest in suburban apartment communities, with a projected stabilized value of more than $2 billion. This is the sixth private real estate investment fund that Continental Properties has closed since 2019.

“This is our largest single equity raising effort to date, and to have closed this fund in less than four months since the launch is something we are all proud of,” said Dan Minahan, president of Continental Properties. “This fund will continue Continental’s mission of building communities that enhance people’s lives, while also providing new opportunities for our investors to diversify their portfolios.”

The fund seeks to help meet