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Continental Properties closes $210 million multifamily development fund as US construction wanes

Proceeds to target investments for up to 16 properties valued at $1 billion
Continental Properties purchased Sixteen30 outside Chicago for $78 million in April with capital from a preceding multifamily fund. (Emilia Czader/CoStar)
Continental Properties purchased Sixteen30 outside Chicago for $78 million in April with capital from a preceding multifamily fund. (Emilia Czader/CoStar)
CoStar News
December 17, 2024 | 8:33 P.M.

A Milwaukee-based multifamily builder and operator has closed on a development fund with more than $200 million in commitments as the firm looks to capitalize on persistent apartment demand amid a construction slowdown.

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