MILWAUKEE, March 26th, 2021 – Continental Properties Company, Inc. (“Continental Properties”) a privately held national multifamily and commercial real estate developer, owner, and operator has announced the closing of its first development fund, Continental Properties Real Estate Development Fund I, L.P. The fund closed in January with a total raise of $180 million of equity and will invest in suburban apartment communities developed and managed by Continental Properties with a total projected construction cost of over $700 million.
Continental, along with Springs Apartments, rounds out J Turner's - Division ORA Power Ranking for the Top 10 Management Companies. We approach our online reputation the same way we approach our company culture - by treating our residents the way they want and expect to be treated. In doing so, positive feedback comes naturally.
According to J Turner Research, 75% of surveyed residents utilize online ratings and reviews multiple times during their apartment search. Online reputation management has become a major focus for most businesses over the past few years and Springs Apartments is no different. We approach our online reputation the same way we approach our company culture - by treating our residents the way they want and expect to be treated. In doing so, positive feedback comes naturally.
We are pleased to announce that Springs at Bee Ridge is now stabilized.
The Best and Brightest is not a term we throw around lightly at Continental Properties. Each day we have shining examples of the talent and creativity of our team members and how they are paving the way for a more efficient work place.
According to J Turner Research, 75% of apartment residents use online ratings and reviews during their apartment search. Reputation management has become a major focus for most businesses, and Springs Apartments is no different. The way we approach our online reputation is a reflection of our culture - by treating our residents the way they want to be treated, we find that the positive feedback comes naturally.
Springs team members make a habit of following opportunity and taking on new challenges. Eagerness to use unique talents in different capacities, and in different parts of the country make our highly skilled property managers models for the rest of the company.
Opening new doors in Florida is not unusual for Continental Properties and Springs Apartments. The first move-ins for one of our communities marks the culmination of sometimes years of work for our Development, Finance, Legal and Construction teams, and as such, we all feel a great sense of satisfaction. Our Property Management teams also put in long hours, not only working leads, but also working closely with Construction, ordering initial office supplies, setting up Clubhouse furniture, and even ordering golf carts and leaf blowers.