Continental Properties Launches $200 Million Real Estate Development Fund IV
Continental Properties, a national developer, owner, and operator of middle-income suburban rental housing, announced the launch of Continental Properties Real Estate Development Fund IV, L.P., which will develop market rate suburban multifamily communities in undersupplied housing markets across the nation.
According to the company, continued housing shortages, record high for-sale housing prices, and affordability constraints have created a dynamic that will drive strong demand and compelling investment metrics for attainably priced rental housing over the next several years. The fund, also known as Fund IV, seeks to raise more than $200 million and will target suburban sites in undersupplied housing markets across the Southeast, Midwest and Mountain states. This includes Florida, Georgia, Tennessee, Illinois, Michigan, Minnesota, and Colorado.
“The launch of Fund IV is a testament to Continental’s ongoing commitment to developing attainable housing communities in markets supported by compelling demographic and economic fundamentals such as long-term population and job growth,” stated Jim Schloemer, chief executive officer of Continental Properties and chair of the National Multifamily Housing Council, a prominent industry trade organization. “The gap between supply and demand in these markets continues to widen while new development often overlooks middle-income families, creating significant unmet demand.”
According to the company, the launch of Fund IV reflects the growth of its vertically integrated platform and national footprint. The firm’s standardized brands and cost-predictable model drive construction efficiency and create a significant competitive advantage. This has become an especially important differentiator and risk mitigant in the current market environment, where already high construction costs continue to rise, making it more difficult to break ground on new developments.
“The housing we develop is purpose-built to serve this demographic’s massive need for new housing. We believe our longstanding track record of delivering, operating, and managing high-quality communities and creating superior resident experiences will continue to generate attractive risk-adjusted returns to investors,” added Schloemer.
Additionally, Continental takes the financial risk of pre-construction off the table for investors, with its funds only allocating capital to assets that are entitled and shovel ready.
Continental offers three signature rental housing brands, including Springs Apartments, premium low-density communities featuring primarily direct-access homes and resort-style amenities; Authentix Apartments, value-oriented garden-style communities with modern finishes, quality amenities, and attentive on-site service; and Avanterra Homes, professionally managed single-family rental neighborhoods with private yards, open-concept layouts, shared amenities, and maintenance-free living.
Founded in 1979, Continental Properties is a national developer, owner, and operator of middle-income suburban rental housing throughout the United States with approximately $5 billion in assets under management. To date, the firm has developed or acquired more than 145 apartment communities and approximately 40,000 units across 20 states.
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