HQ Capital Real Estate, a U.S. real estate manager specializing in multifamily investments, announced it has closed on its transaction with Concord Pacific and Paragon Real Estate Advisors and has been rebranded to CP Capital.

The new partnership transfers the majority interest of the business to Concord Pacific and HB Management.

“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.

Jon Breiner of Paragon Real Estate Advisors added, “The new partnership allows for the combination of a deep team of experts with vast knowledge and experience across all areas of the fast-evolving multifamily sector. We are incredibly excited to launch this new brand and look forward to working alongside CP Capital as it continues to generate strong returns for its clients and reinforce its position as a leader in the U.S. multifamily investment market.”

The management team remains in place and will continue to execute the company’s investment strategy and other operations. A newly formed board of directors will include members from all three companies under its new brand.

“We look forward to working together with Concord Pacific and Paragon Real Estate Advisors, who share our values as well as a strong understanding of the residential market. Their wide-ranging experience and capital positions us for long-term growth and will help us identify new opportunities for our investors and business partners. With this new partnership, we are well-equipped to build on our 30+-year track record of delivering attractive, risk-adjusted returns to our investors,” said Jeremy Katz, co-head of CP Capital.