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Continental Properties Company, Inc. (“Continental Properties”), a national developer, owner, and operator of rental home communities, retail, and hospitality properties, has announced the successful closing of its ninth private real estate fund, Continental Properties Real Estate Development Fund III, L.P. The Fund raised approximately $210 million in total capital commitments, which will be invested in the development of suburban apartment communities by Continental Properties under its existing array of brands. At completion, Continental anticipates that the Fund will develop 14-16 properties with a projected aggregate stabilized value exceeding $1 billion.