Continental

continental realty

Firm Headquarters: Littleton, CO (Denver)

Date Founded: 1982

www.continentalrealtygroup.com

This Page was Updated January 2020

Investment Approach

INVESTMENT THESIS

Dislocations of demand lead to dislocations of asset value.  Continental Realty Group executes an industry leading economic research system to identify factors that cause and sustain demand for multi-family real estate.  Our investments are located in key areas that provide a compelling combination of employment, retail, and transportation support.

INVESTMENT OVERVIEW

We identify locations that have significant employment expansions and we invest in the path of that employment demand.  The most successful multi-family investments are also located in areas with favorable supply\demand balances. We focus our investments in locations that meet these criteria.

Capital Raise Strategy

Strategy: Fund and Deal by Deal

Total Properties Under Management: 9 properties making up over 2,500 units

Total Assets Under Management: Approximately $120 Million. Continental Realty Group has been experiencing a season of harvest in our investments.  We have recently sold over $400 Million in assets that encompassed 3,200 apartment units.  We are moving forward with our Continental Strategies Fund and our Community Growth Fund for 2020 that will encompass additional acquisitions

Investments to Date: 100-250

Total Number of Investors:  >70 Individual and Institutional partners

Average Investment: TBD

% of Capital from Top 3 Investors: Less than 25%

Financial Reporting Frequency to Investors: Quarterly

Minimum Amount: $100,000

Setup to accept charitable capital through the National Christian Foundation or other listing platforms? Yes

Focused Geographic Regions of Investment: 

  • Is all of your activity in the US? Yes.

    • Which states? All of US, except CA, IL, and NY. Primary investment focus for 2020: CO, NV, AZ, NM, KS, MO, IN, KY, TN, FL, TX.

  • What countries outside of the US are you active in?

    • We have non-profit activities in Uganda, and Puerto Rico (US Territory).

Focused Industries of Investment:

  • Multi Family – New Development   

  • Multi Family – Existing  

Company Differentiator:

Research and Performance.

  1. Research:  Our research-driven approach is designed to uncover investment opportunities exhibiting a dislocation of asset-value nationwide.  We are guided by an extensive economic research and a disciplined approach to investing. We monitor major metropolitan markets across the US and track economic expansions in Medical, Logistical, Financial, Hi-Tech, and educational industries. We are driven by a top-down research-driven approach in which we identify opportunity at three levels: 1) Market, 2) Submarket, and 3) Property-specific. This approach has proven itself over decades of operations and through multiple market cycles.

  2. Performance at the project level:

Investment Examples:

Viridian Palms: East Las Vegas, 352 units, acquisition in Nov 2016, sold in May 2019

Loma Vista: North Las Vegas, 402 units, built in 1998, acquisition in Nov 2016, sold in May 2019

Stonegate: East Las Vegas, 440 units, built in 1990, acquisition in Nov 2016, sold in May 2019

Courtney Village: Phoenix, 368 units, acquisition in June 2016, sold in March 2019

Previous or Active Portfolio PROPERTIES:

At Continental, we are always buyers and sellers moving throughout the US looking to uncover under-performing assets in sub-markets with positive trending economic conditions.

Leadership Team

  • Cumulative Leadership Experience in Accredited Investing: 50+ Years

David w. snyder | founder & CEO

David Snyder’s expertise comes from more than 30 years of commercial real estate investment experience. During that time, he has overseen and managed a wide variety of real estate investment transactions.

Over the course of his career, David has directed real estate investment activities for pension fund, insurance, syndication, and private clients. He has also helped to liquidate and/or restructure the classified assets of syndication groups and financial and government institutions. He has purchased in excess of $2 billion in investments of commercial and multifamily real estate for his clients and sponsored investment funds. He is a member of the board of directors of the National Multi-Housing Council and serves of the board of several non-profit organizations.

David attended Colorado State University, where he studied Construction Management, Solar/Chemical Engineering, and Business Administration. He previously served in various capacities with Van Schaak and Company, Commonwealth Mortgage Company, Worldwide Exchange Group, and Snyder Investment Corporation, a real estate investment company he founded in 1979. He has two adult children and he and his wife currently reside in Littleton, Colorado.

robert ireland | managing director – investments

Robert Ireland joined CRA in 2007 and served in various acquisition, research, and asset management roles until 2014 when he was appointed as CRA’s Director of Acquisitions. During his tenure at CRA, Robert has played a key role in identifying, negotiating, and closing more than $600MM in multifamily acquisitions across the country. As Director of Acquisitions, Robert is responsible for leading CRA’s acquisitions, due diligence, and research teams to identify markets which meet CRA’s investment criteria, uncover dislocations of value, conduct financial analyses, set accretive business plans, and negotiate and close transactions. Robert is also focused on building and fostering relationships with CRA’s various family office, individual, and institutional capital partners.

Graduating from Colorado State University in 2006 with a degree in Finance and Real Estate, Robert’s career has been focused in the multi-family industry with experience in both brokerage and acquisitions. He resides in Denver with his wife and two sons, and is an avid fly fisherman.

todd jobe | managing director – asset management

As the Managing Director of Asset Management for Continental Realty Assets (CRA), Todd is responsible for all assets in the portfolio post-acquisition.  His prior experience increasing cash flows and enhancement of portfolio value is well documented over his multifamily career.  In addition to managing the portfolio, he is also responsible for working with debt and equity partners, and contributes as a senior member of the due diligence team during property acquisitions.

Prior to joining Continental Realty Group in August 2016, Todd held executive positions with Aimco in their asset management and redevelopment departments, as well as headed up asset management for a private equity group specializing in multifamily and hospitality assets.  Mr. Jobe holds a Bachelor of Science and Master of Science in engineering from the University of Colorado, as well as an MBA from the University.

jason rosa | managing director – due diligence & operations

Jason Rosa has over 30 years of experience in investment real estate, all with CRA. With research previously a major part of his responsibilities, he has compiled economic and real estate overviews of many major market areas across the country including Denver, Phoenix, and Dallas/Fort Worth. While still a contributor to the research efforts at CRA, Jason’s responsibilities have evolved into primarily acquisition due diligence and corporate operations. He has been strategically involved in over $1 Billion of multifamily acquisitions during his tenure at CRA. Jason is active with the National Multihousing Council where he serves on the Board of Directors. He has previously served on the Advisory Council of Apartment Life, a faith-based organization which places CARES teams in apartment properties to assist management with resident retention and the promotion of community life.

Jason has a degree in Architectural Construction Technology, and has varied experience in civil engineering, industrial sales, and marketing. A native of Illinois, he has three adult children and he and his wife currently reside in Castle Rock, Colorado.

mike kinney | capital markets

Mike Kinney began working with CRA in January 2019. His responsibilities include creating and maintaining CRA’s capital relationships, client relations, marketing, and research. Mike has two decades of experience in corporate finance and capital markets in both public and private markets. Prior to working with CRA, Mike served as Vice President / Regional Director for institutions such as Nuveen, Van Kampen, and American Realty Capital.

Mike played football at the University of Kentucky and, after a later transfer, graduated from Wheaton College in 1994 with a Bachelor’s degree in Business and Economics. He and his family reside in Loveland, CO.

anna goodrich | managing director – development

Anna Goodrich’s professional career in real estate development and construction spans twenty-five years. As the Managing Director of Continental Development Co., she is responsible for overseeing the origination and execution of vertical development projects.

During her tenure in various senior capacities, she has been responsible for land acquisition, entitlements, disposition strategies, pro forma achievement, master plans, market positioning, product design, construction management, operational interface, and overall program management.  Her development portfolio encompasses ground-up projects of all genres. The scope of projects ranges from $100M to $3B.

Previously Anna was a Director with LMC and a Global Vice President with Hyatt International. Ms. Goodrich graduated summa cum laude with a BBA from the University of Denver. As a Colorado native she enjoys all outdoor sports and is an avid gardener.

Team and CULTURE

While not complete, one of the things investors have found helpful in the past is seeing how employees, customers have reviewed someone online. As of the date of completing this out …

  • Glass Door Rating: N/A

  • Facebook Review Rating: N/A

Spiritual Integration and Impact:

Faith Driven Investing can span a wide range from high yield to concessionary returns that have a higher level of spiritual integration. Having clear expectations of this philosophy is key for the movement. Each investment is unique and you might want to select multiples but if you had to choose one quadrant that best fits your groups spiritual integration and financial performance targets … What would it be?

The ownership of Continental Realty Group firmly believes in two aspects of Faith based investing:

1) Function of our actions: Our corporate function is made up of two components. The safety of our investors’ capital and producing an acceptable risk-adjusted financial return to our investors. To meet the housing needs of the metropolitan areas in which we operate our business.

2) Purpose of our actions: The primary purpose of our business is to honor God in all that we do and improve the lives of our investors, employees, and residents. Our goal is to improve the lives of our community residents socially, educationally, and spiritually. Family households, living in multi-family communities, are increasing at a significant rate…..at all income levels. Our purpose is to impact the households in our communities and to foster a community atmosphere of support, personal growth, education, and spiritual growth. We exhibit some of the lowest turnover rates in our industry because residents feel that we provide them with acceptable value and we create a community atmosphere that is attractive to their personal goals.

Our business life is a combination of these two critical aspects in a critical balance with each other. One is just as important as the other. That is why we chose the quadrant on the graph above.

Describe the Spiritual Integration Activities:

Spiritual and Social Change Methodology:

  1. Proactive ownership that is agnostic to the demographic level of our communities.  Proactive ownership that seeks to influence society through lifestyle interaction with residents of rental communities from Lifestyle Housing to Workforce Housing.

  2. CARES Teams engaging a self-improvement curriculum on assets and being active in the daily social lives of our resident clients.  CARES Teams will promote a catalytic attitude, to our residents, of self-improvement, personal development, spiritual development, and pursuing a quality lifestyle.

  3. Community Adoption sponsors:  Governmental, non-profit, and faith-based organizations providing community education services, social service, and social improvement programs at the property level.

    • Crown Ministries working on the communities with a curriculum and intention of teaching spiritual stewardship in all areas of life

    • FriendsFirst.org providing teen mentoring to families in the community.

    • Mission 98 and direct church partnerships to adopt and interact on the communities with family services, youth services, education, and senior activities.

  4. Intentional Living Purpose that facilitates Long-term emphasis on employment and social relationships that foster personal and spiritual growth, community improvement, and metropolitan sustainability.

  5. Creating communities that offer a thriving lifestyle of Live-Work-Play-Family Development-Personal Development.  Investing and Working to help create Tomorrow’s World.

Is Impact and Spiritual Integration Tracked?

  • Continental Realty personnel and Apartment Life review monthly and quarterly community and spiritual needs of our communities.

Are you partnered with any other organizations?

  • Apartment Life

  • Crown Ministries

  • FriendFirst.org

  • Mission98.org

  • Servants of Christ International

A lot of Investing Conversations look at Social Impact related to the United Nations Sustainable Development Goals. Is there one of these that most resonates with your organization?

  • Goal 11: Sustainable cities and communities. 37% of the US population lives in multi-family housing. Our responsible ownership is key in providing safety, health, education, self-improvement, and spiritual health

  • Goal 3: Good health and well being: Each of our communities has a “CARES Team” ambassador that functions as a social and community organizer and a central source for community and church involvement. Community services, mental health, education, church-sponsored activities and family services, etc are all coordinated through our management staff and CARES teams.

  • Goal 8: Decent work and economic growth. We locate our communities in locations of high employment demand. We partner with Crown Financial Ministries, and others, to influence and mentor residents in sound financial education and efficient decisions. We encourage residents to live in close proximity to their daily life activities and to be active in the immediate local community. We use the efforts of community partners like FriendFirst.org and Mission98.org to promote efficiency and encourage family budgeting and life-balance.

WHY The FAITH DRIVEN INVESTOR?

  • Why are you compelled to be certified and a part of the Faith Driven Investor Group?

    We have many investors that are active with us because of our financial performance, but our purpose is not important to them.  As a faith driven owner, I feel that a critical need of our company is to improve the number of investors that are aligned with our Purpose, as well as, our Function.  We want to expand our purpose and influence and honor God in all that we do. We want to have a larger base of investors that share that same goal.

  • Does the leadership align with the Unifying Principles on Faith Driven Investor and agree to the Code of Conduct? Yes.

  • Who nominated you to be listed on the FDI site? Justin Forman, Faith Driven Investor and Pete Kelly, Apartment Life

AFFILIATIONS- Are you a part of any third party groups, affiliations that you would like to list here?

  • National Multi-Housing Council Board of Directors

  • National Apartment Association

  • Pension Real Estate Association

  • Christian Economic Forum

  • Apartment Life

Learn More

  • Key Contact Name: David Snyder, CEO

  • Phone: 303-730-0549  x202

  • Email: dsnyder@continentalrealtygroup.com

  • Mailing Address: Continental Realty Group, 10579 West Bradford Road, Suite 100, Littleton, CO  80127

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