CP Capital, a U.S. real estate manager specializing in multifamily investments, has finalized the sale of The Monarch – a 236-unit, four-story multifamily community located in Des Plaines, Illinois. Completed in 2020 and sold at 100 percent leased and 99 percent occupied levels; this project was an example of successful investment strategy that enabled CP Capital to produce solid returns for its investors.
The Monarch is situated at 150 East River Road providing direct access to the Rosemont/O’Hare employment center, O’Hare International Airport and downtown Chicago via Interstate 294 due to its close proximity with these areas. Jay Remillard – Managing Director at CP Capital expressed his pride on team’s hard work which led them towards achieving many original investment goals despite market headwinds & tricky local tax environment: “We are incredibly proud of our team’s hard work and forward-thinking investment strategy which not only led us towards this successful transaction but also enabled us to generate solid returns for our investors.”
