About Continuum

Continuum Investments LLC is an investment advisory company which established and managed the CIL2 REIT LLC fund from 2017, representing the South African JSE Listed Emira Property Fund interests in the USA.

Historical Context:

By July 2019, having succeeded in meeting all Continuum’s predetermined objectives during the preceding 24 month period, namely: the identification and provision of a Dallas-based co-investment and local management partner to participate in the Emira strategy; establishing efficient and timely reporting on a quarterly basis (including GAAP to IFRS conversions) into the listed Emira vehicle back in Johannesburg; the achievement of dividend return hurdles through the efficient implementation of appropriate tax and financial structures based on advice and inputs obtained from sourced US-based Professionals; and lastly the acquisition of 9 regionally dominant grocer-anchored Power Centers valued at $ 430 Million (see Continuum Press Releases), the Continuum minority shareholding in the USA REIT was acquired by Emira in August 2019.

Credit was widely given to Emira by the South African Investor Market, for implementing the largest successful investment drive into USA retail real estate by a listed SA Reit. Continuum, by that time, had advanced its strategy of establishing more than one GP relationship, thus allowing for faster scaling of the business and creating access to further acquisition opportunities. Continuum also strongly advocated adding to its original strategy, by way of including smaller Neighborhood Centers (which are extremely resilient and offer excellent growth and value-add opportunities) into a balanced Portfolio, that was not entirely focused on large regional Power Centers.

From the Emira perspective, the Continuum management team had fulfilled its execution mandate in creating the solid Portfolio foundation, and Emira, being an active property business, staffed by skilled professionals, expressed the wish of taking on a more direct and proactive role in the relationship with the Dallas-based USA General Partner (GP), thus circumventing the ongoing Continuum participation. All parties achieved an amicable exit in August 2019, and, for Continuum, the next investment phase, that of the creation of the American Continuum Fund, commenced.

Current Context:

Continuum is currently implementing its second fund, American Continuum (AmCon). As part of this strategy, AmCon is actively seeking to raise equity, to be deployed into the significant ” buy opportunity ” that is emerging in the US due to pricing dislocations during these recessionary times, and is anticipated will accelerate once interest rates stabilise and trend downward. 

AmCon has strong and established strategic relationships with execution and investment partners in Texas, Ohio, Georgia and Florida, offering tried and tested investment strategies into the dynamic USA Commercial Real Estate (CRE) market. AmCon has begun its strategy of acquiring select grocery-anchored Neighborhood Shopping Centers, partnering with one of its USA Partners to acquire a small shopping center in St. Louis, Missouri.  AmCon has aligned itself with full service, US-based General Partners possessing reputational excellence in the market, who will contribute pro-rata equity into every acquisition and will conduct all local property management duties under contract to AmCon. Below is a summary of the various roles and duties performed by Continuum for its USA investment fund initiatives: