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May 27, 2015

The Baltimore Sun – Continental Realty raises more than $164 million

Final CRC Padonia July 2015 DSC_5654 Coyle Studios (Smaller File)

Baltimore-based real estate investment and management firm said Wednesday it has raised more than $164 million in private equity financing for a new fund focused on apartment and retail properties.

The fund is the fourth from Continental Realty Corp., founded in 1960. The firm, which owns and manages more than 8,000 apartments and 3 million square feet of retail, shifted its focus to funds around 2009, raising money from investors for tax certificates in Florida, said CEO J.M. Schapiro. This is its second fund to be used for the acquisition of retail and apartment complexes.

The Baltimore Sun Article

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