Continental Properties announced the closing of Continental Properties Real Estate Income Fund III and Continental Properties Real Estate Income Fund IV.
The closed-end funds placed 100% of committed capital on Dec. 21, 2021, to acquire two portfolios consisting of 14 apartment communities developed by Continental Properties with an aggregate value of $1 billion.
This punctuated an "extraordinary year" where the company raised more than $730 million of equity, Jim Schloemer, co-founder and chairman of Continental Properties, said in prepared remarks.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
