New York City-based real estate investment manager, CP Capital, recently completed the sale of Hathon, a 190-unit apartment community located in Medway, MA. The property was developed by Toll Brothers Apartments Living and finished in 2023. After receiving offers from both private and institutional capital sources, it was ultimately sold to an all-cash buyer whose identity and purchase price were not disclosed.
According to Jay Remillard, co-head at CP Capital: “Despite turbulence in the capital markets and uncertainty surrounding interest rates, the multifamily sector has shown remarkable resilience.” This successful transaction is just one example of this trend within their portfolio as they continue to partner with top-tier sponsors to provide high-quality rental housing options for communities across the country.
In addition to this recent sale in Massachusetts, CP Capital also sold The Gabriel – a 312-unit apartment complex located in Pomona CA – for an undisclosed amount back in October. Their ongoing success highlights their expertise as well as the strong demand for accessible rental properties nationwide.
