NEW YORK CITY—HQ Capital Real Estate, a highly disciplined U.S. real estate manager specializing in multifamily investments, has closed on its transaction with Concord Pacific and Paragon Real Estate Advisors and rebranded to "CP Capital".
The new partnership, which was previously revealed in June 2021 and closed earlier this month, transfers the majority interest of the business to Concord Pacific and HB Management. An affiliate of HQ Capital, an original shareholder, continues to own a minority interest in the business.
"It was a pleasure to work with HQ Capital through this successful transaction. We are delighted to have HQ as our ongoing partner to continue this wonderful venture on multiple dimensions. We are also convinced this partnership will create an enormous amount of synergy and value for our investors. The future of CP Capital will continue its anchor in the U.S. multifamily sector with added dimensions in Canada, Europe and Asia," said David Ju, Vice President at Concord Pacific.
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