PORTLAND, OR – Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, announced the acquisition of FortyOne 11 Apartments in Portland, Oregon for $27.4 million. The investment was made from Pathfinder Partners Opportunity Fund VIII, L.P. ( Fund VIII ), raised in 2020 to make opportunistic multifamily investments.
FortyOne 11 is a 112-unit property located in an eclectic and vibrant suburb of northeast Portland. Pathfinder will focus on stabilizing the property s operations while improving the resident experience and tenant retention. FortyOne 11 is 76% occupied, presenting an immediate opportunity to substantially increase cash flow through improved occupancy and rent collections and through better utility reimbursement and expense management.
FortyOne 11 epitomizes our strategy for Fund VIII – a well-located, multifamily project which has struggled operationally during the pandemic, said Mitch Siegler, Co-Founder and Managing Director of Pathfinder Partners. With the availability of low-cost debt and shifting demographics, multifamily remains a highly resilient asset class.
In addition to Portland, Pathfinder Fund VIII invests in Seattle, Sacramento, Southern California, Phoenix and Denver.
With rising costs pushing millions of potential buyers to remain renters, there is a housing supply/demand imbalance in the U.S., with more renters than rental units available, said Lorne Polger, Co-Founder and Managing Director of Pathfinder. Multifamily properties such as FortyOne 11 have a track record of providing higher risk-adjusted returns compared to virtually all other property types and support the strategy of accredited investors looking to include real estate in their portfolios.

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GERMANTOWN, TN – DLP Real Estate Capital, a private financial services and real estate investment firm, announced its acquisition of Vantage at Germantown, a multifamily three-tale garden-style property, located in Germantown, TN. This 288-unit property consists of one-, two-, and three-bedroom units with an average 837 sq. footage.
Don Wenner, Founder and CEO of DLP Real Estate Capital commented, “We are very pleased to add this property to our portfolio of multifamily investments. This gorgeous apartment community will provide a convenient and affordable rental housing option for many families to live and work within a ten-mile radius of a high-technology corridor. Acquiring this apartment community reflects our mission of continuing to make a significant impact in today’s housing crisis.”
Vantage at Germantown was built in 2020 and is conveniently located only 15 minutes from downtown Memphis and within 10 miles of five of the city’s largest FedEx facilities. The property offers convenient access to thousands of jobs within the high-tech corridor and other thriving sectors of business. The property sits on over 22 acres and includes a resort-style swimming pool with outdoor cabana and fireplace, media lounge with internet cafe, clubhouse, 24-hour fitness studio, remote access gates, and a large/small breed ‘bark park.’ The units have energy-efficient appliances with full-size washer and dryer, tiled backsplash, spacious closets, and personal balconies.

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MENOMONEE FALLS, WI – Continental Properties Company, Inc. 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.
“We believe strongly in our suburban multifamily strategy, and our investors have benefited greatly from the growth in suburban employment and population. Stronger rent growth and demographics favor developing and owning suburban multifamily real estate. We are confident in the markets we have targeted for development and are pleased with the strength of our development pipeline. The Development Fund gives Continental and its investors an opportunity to invest in a geographically diverse portfolio of high-quality apartment communities,” said Jim Schloemer, Founder and Chairman of Continental Properties and Treasurer of the National Multifamily Housing Council.
“Continental Properties has been executing on its suburban multifamily strategy with fantastic success for over 20 years and recognizes that long-term fundamentals will support multifamily development well into the future. Trends in renter preferences, combined with the supply and demand metrics in our targeted development markets, continue to support our suburban strategy and positions us well to achieve outstanding returns for our investors,” stated Dan Minahan, President and COO.
Interest in the Development Fund surpassed initial expectations. “We saw very strong interest from both our long-time investors who have trusted Continental with their investments for years as well as from new investors looking for ways to diversify their portfolios and invest with a proven real estate sponsor. We are grateful for the continued trust that our investors have placed in us, and we are highly committed to delivering outstanding results,” commented Ed Madell, EVP and CFO.

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