Continental Properties Company is laying a strong foundation for the creation of much-needed, market-rate, workforce attainable housing in many parts of the country.
The fund held its initial closing July 13 with a total capital commitment of approximately $346 million to invest in suburban apartment communities developed and managed by Continental Properties with a total projected stabilized value in excess of $2 billion.
Jim Schloemer, its co-founder and CEO, announced this week the closing of Continental Properties' second real estate development fund, Continental Properties Real Estate Development Fund II, L.P., calling it a "milestone" for the company.
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