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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PORTLAND, OR – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 145-unit Courtyards at Cedar Hills community in Beaverton, Oregon. The buy marks the firm’s seventh acquisition in the Portland metro area.
Built in 1969 and 1975, Courtyards at Cedar Hills comprises 145 one-, two-, and three-bedroom units averaging 900 square feet. Community amenities include an indoor pool, fitness center, laundry facilities, playground, and Amazon HUB package lockers.
“We are excited about the opportunity to buy in Beaverton, OR and to further expand our presence in the Portland MSA,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “Courtyards at Cedar Hills is conveniently located near Oregon Route 217 and U.S. Route 26, which provide residents simple access to Downtown Portland and other major employment centers.”
HZ’s capital improvements plot includes unit renovations, pool and landscaping enhancements, asphalt and roofing repairs, and fresh exterior paint. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver based company.
The community is located at 13643 SW Electric St, two miles from the Nike World Headquarters in the desirable East Beaverton submarket. As of 2020, Nike employed over 76,000 people worldwide and 12,000 at their headquarters in Beaverton. The property also lies 10 miles west of Downtown Portland, which has been dubbed the “Silicon Forest” for its quick-growing hub of high-tech and life science technology companies. The metro benefits from a young, educated workforce and has ranked among the top-five places for business by Forbes for the past five years.

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