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CP Capital Trades Newly Built Boston-Area Multifamily to All-Cash Buyer
CP Capital, a New York City-based real estate investment manager specializing in multifamily, has sold Hathon, a 190-unit apartment community located in the Boston suburb of Medway, MA. Developed by Toll Brothers Apartments Living and completed in 2023, the property sold to a prominent all-cash buyer after generating offers from private and institutional capital. Buyer and purchase price were not disclosed.
“The multifamily sector continues to demonstrate remarkable resilience, despite capital market turbulence and interest rate uncertainty,” said Jay Remillard, co-head at CP Capital. “This transaction, along with recent milestones across our portfolio, illustrates the enduring demand for high-quality, accessible rental housing. As we move into 2025, we remain committed to partnering with top-tier sponsors to deliver strong returns for our investors while supporting the growth of vibrant communities nationwide.”
This past October, CP Capital sold The Gabriel, a 312-unit apartment property in Pomona, CA, for an undisclosed price.
- ◦Sale/Acquisition
