Continental Properties holds final close at $105m for Opportunities Fund

Continental Properties Co., a privately held national multifamily and commercial real estate developer, owner and operator, has announced the closing of its eighth commingled real estate fund, Continental Properties Real Estate Opportunities Fund I. The fund recently held its final closing with total capital of $105 million, which will be used to acquire predominantly multifamily apartment communities in markets where Continental currently operates.

James Schloemer, co-founder and CEO of Continental Properties and chairman of the National Multifamily Housing Council (NMHC) stated, “Launched on the success of previous funds including our Income Funds and Development Funds, we created the Opportunities Fund to take advantage of the current dislocation in the real estate market. There has been a lot of news over the last several months highlighting rising interest rates and the resulting distress in capital markets, particularly in real estate. We believe the weaker capital st