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.
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 V, L.P., which is a private-equity fund focused on value-add retail and multifamily across the east coast.