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Continental Properties Announces Closing of a $206 Million Multifamily Real Estate Income Fund
May 5, 2021 GMT
Commercial Real Estate Development Company | Continental Properties
MILWAUKEE - May 5, 2021 - ( Newswire.com )
Continental Properties Company, Inc. (“Continental Properties”), a privately held, national multifamily and commercial real estate developer, owner, and operator has announced the closing of Continental Properties Real Estate Income Fund II, L.P. (“Income Fund”). The Income Fund closed on April 20, 2021 with a total raise of $206 million of equity which was immediately utilized to acquire a $588 million portfolio of 10 suburban multifamily communities developed by Continental Properties. This closing follows on the heels of Continental Properties Real Estate Development Fund I, L.P. which closed in January 2021 with $180 million of equity and up to $700 million