Continental Properties Raises $210M for Third Real Estate Development Fund

Continental Properties Company, Inc. has announced the closing of its third private real estate fund, Continental Properties Real Estate Development Fund III, L.P., raising about $210 million.

The capital will be invested in the development of suburban apartment communities by Continental Properties under its existing brands. The firm anticipates the fund will develop 14 to 16 properties with a projected aggregate stabilized value over $1 billion.

“Closing our third development fund amid a challenging economic and political landscape underscores Continental’s ability to execute our strategic vision while offering investors a compelling opportunity to participate in what we believe will be under-supplied housing markets in 2026 and beyond,” said Jim Schloemer, co-founder and CEO of Continental Properties and chairman of the National Multifamily Housing Council (NMHC).

“We remain confident and excited about the opportunities over the next 12-18 months to develop properties that will open into under-supplied markets,” Schloermer added.

According to Continental Properties president Dan Minahan, the company has raised $1.7 billion since 2019, achieving a total portfolio value of over $5 billion.