News
NEW FUND, NEW MARKETS
July 26, 2011
 |
| Yesterday Continental Realty prez Gene Parker told us his firm's new $100M fund (which we first reported on in May) will go beyond Baltimore. ?We've traditionally focused on acquisitions in central Maryland, but we'll be expanding our footprint to include the entire Mid-Atlantic and Southeast,? he says. With leverage, the fund will support $300M in value-add investments. Gene tells us occupancy and rents are up in CRC's Baltimore holding: ?The combination of strong renter demand, little new supply, and high barriers to entry in the area suggest the Baltimore market will stay solid.? Sounds like he'll have plenty to talk about Thursday at our first-ever Baltimore Multifamily Summit at the Hyatt Regency. Sign up today! |
