Acquisitions

The goal of the acquisitions team at CRC is to acquire a diversified real estate portfolio of multifamily apartment communities and retail properties in the Mid-Atlantic and Southeast regions of the United States. The company has been active in the Mid-Atlantic since 1960 and the Southeast since 1996.

Representative Value-Add Deals

Multifamily

  • CRC Acquires The Grand Reserve at Tampa Palms Apartments in Tampa, FL for $65.5M -

    The Grand Reserve at Tampa Palms

    Tampa, FL

  • CRC Acquires Riverstone at Owings Mills Apartments -

    Riverstone at Owings Mills Apartments

    Owings Mills, MD

  • Rebussiness Online-CRC Purchases Apartment Community in Florida for $38M -

    Polo Glen Apartments

    Rockledge, FL

Retail

  • CRC Acquires 136,000 SF Shopping Center in Charleston, SC for $17.3 Million -

    West Ashley Shoppes

    Charleston, SC

  • Birmingham News – Baltimore Company Buys Planet Fitness Anchored Shopping Center for $8.4 Million -

    Shops on Montevallo

    Birmingham, AL

  • CRC Acquires Baltimore City Waterfront Property Brown’s Wharf for $21 Million -

    Brown’s Wharf

    Baltimore, MD

Our Criteria

Geographic Area: Mid-Atlantic and Southeast

Multifamily: Minimum of 200 units, all multifamily property types considered. Properties with opportunities to add value through unit upgrades, amenity improvements, lease up and professional management strategies.

Retail: Minimum 30,000 in population within a 3-mile radius with average household incomes above the MSA average. Anchored and unanchored properties that have a value-add/repositioning opportunity such as lease-up vacancy, below market rents, rollover without options, pad site additions, anchor stabilization, and ability to improve tenant mix and credit.

Minimum Purchase Price: $10,000,000

Continental Realty Corporation is currently seeking opportunities on behalf of Continental Realty Fund IV, L.P. which is a $164,000,000 fund focused on value-add retail and multifamily across the east coast.

Acquisitions Team

Ari Abramson - VP, Acquisitions

Ari Abramson

VP, Acquisitions

Multifamily

Direct: 443.921.4412
Cell: 443.742.9591
aabramson@crcrealty.com
vCard: Download

Paul Kang - VP, Acquisitions

Paul Kang

VP, Acquisitions

Retail

Direct: 443.921.4368
Cell: 202.725.3020
pkang@crcrealty.com
vCard: Download

John Scharlock - VP, Acquisitions

John Scharlock

VP, Acquisitions

Multifamily

Direct: 443.921.4322
Cell: 443.695.5570
jscharlock@crcrealty.com
vCard: Download

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