New majority shareholders Concord Pacific and HB Management will significantly increase value through their combined expertise and have the opportunity to further drive the platform’s growth in the multi-family investment platform in the United States.
NEW YORK, August 30, 2021 / CNW / – HQ Capital Real Estate, a highly disciplined multi-family real estate manager in the United States, announced today that it has closed its deal with Concord Pacific and Paragon Real Estate Advisors (a subsidiary of HB Management) and has been renamed KP Capital …
The new partnership transfers a majority stake to Concord Pacific and HB Management. A subsidiary of HQ Capital, the original shareholder, continues to hold a minority stake in the business.
“It was a pleasure working with HQ Capital on this successful deal. We are delighted that the headquarters is our permanent partner to continue this wonderful project in many directions. We are also convinced that this partnership will create tremendous synergy and value for the company. our investors. The future of CP Capital will continue to consolidate its foothold in the US multi-family sector with additional dimensions in Canada, Europe and Asia,” said David ju, Vice President of Concord Pacific.
John Brainer from Paragon Real Estate Advisors added: “The new partnership brings together a deep team of experts with extensive knowledge and experience in all areas of the rapidly growing multi-family sector. We are incredibly excited about the launch of this new brand and look forward to working with CP Capital as it continues to generate significant value for its clients and strengthens its position as a leader in the US multi-family investment market. ”
“We are delighted to welcome our new partners. Together with Concord Pacific and Paragon Real Estate Advisors, we will continue to support CP Capital’s growth and expand into new markets. We believe that CP Capital combines our expertise with their already successful investment acumen. is ideally positioned to seize opportunities in the US real estate market, ”said Dr. Bernd Türk, CEO of HQ Capital.
The management team will remain in place and will continue to implement the company’s investment strategy and other operations. The newly formed board of directors will include representatives from all three companies under the new brand.
“We look forward to working with Concord Pacific and Paragon Real Estate Advisors who share our values and deep understanding of the residential real estate market. Their vast experience and capital allows us to achieve long-term growth and help us identify new opportunities for our investors and business partners. With this new partnership, we are well positioned to build on our more than 30 years of experience in providing attractive, risk-adjusted returns to our investors, ”said Jeremy Katz, Co-head of CP Capital.
Since its inception as Real Estate Capital Partners in 1989, CP Capital has invested approximately $ 15 billion US real estate through sponsored foundations and segregated accounts on behalf of global organizations, family offices, and ultra-high-income individuals. Consistent market participation over the past three decades has allowed CP Capital to forge close relationships with many of the leading national and regional real estate developers, owners, operators and brokers. United Statesby giving the firm access to a range of exclusive investment opportunities.
CP Capital will continue to focus on institutional quality structuring, diversified multi-unit investment vehicles, and working with longstanding development partners in growth-driven markets across the US to create residential neighborhoods that enrich the lives of their residents.
About CP Capital
CP Capital, formerly known as HQ Capital Real Estate, is a highly disciplined US real estate investment manager focused on the multi-family sector. Founded in 1989, the company has invested about $ 15 billion US real estate through sponsored foundations and segregated accounts on behalf of global organizations, family offices, and ultra-high-income individuals. These investments represent over 70,000 residential units and 21 million square feet of commercial space. CP Capital’s internal capabilities also include asset and construction management, capital markets, legal expertise, reporting and tax structuring. Through its continued presence in the market over the past three decades, the company has developed close relationships with the real estate industry. CP Capital’s core investment strategy focuses on profitable and profitable apartment rental investments with best-in-class joint venture partners in emerging markets throughout the United States, resulting in a solid track record of over 220 completed investments to date. 30 June, 2021
Visit cpcapitalus.com for more information.
About Concord Pacific Group
Concord Pacific Group is a privately held company with investments and operations in real estate, green energy, telecommunications, information technology, hospitality. He is widely known and known for his designs Canadian largest multi-storey mixed-use urban communities, including city center skylines Vancouver and Toronto… For over 30 years, Concord Pacific has been known as one of the North America the most innovative and distinguished developers with a focus on world-class, master-designed high-rise urban communities. Concord Pacific has successfully built over 150 high-rise residential towers representing approximately 26 million square feet of living space. Concord Pacific has built its practice on sustainable investment and diversified diversification. A visionary vision of integrating technology and sustainable solutions into a full range of businesses has enabled the group to successfully move beyond real estate development.
Visit concordpacific.com for more information.
About HB Management
Headquartered in Seattle, WashingtonHB is the business and investment management division of the Hewson and Breiner family offices. HB leaders are: Edward Hewson and Jonathan Brainer, managers in the second and third generation of the family business. HB’s legacy as a U.S. multi-family investor begins with suburban multi-family homes New York in the 1950s, and expanded to the western states of the United States in the 1990s. Today, a significant part of the firm’s investments is focused on Seattle region of the Pacific Northwest. HB’s multi-family subsidiaries include HB Management, Indigo Real Estate Services and Paragon Real Estate Advisors. HB manages more $ 3 billion the value of apartment buildings and operates organizations specializing in development, management, large-scale acquisitions and brokerage services. HB has been a tool for large institutional investors and family offices throughout North America in the sector of apartment buildings. In addition, it has diversified interests in other asset classes such as hospitality, retail, transportation and communications.
Visit hbnorthwest.com for more information.
About HQ Capital
HQ Capital is a global private equity specialist who has deployed $ 9.0 billion capital in global and regional private equity on behalf of institutions and private clients since its inception. As of March 31, 2021HQ Capital has invested in over 695 funds and private equity firms, as well as over 270 fund managers worldwide. North America, Europe, and Asia, and has over 110 seats on the Advisory Board. HQ Capital employs over 90 employees working outside of the offices in New York, Bad Homburg and Hong Kong…
Visit hqcapital.com for more information.
SOURCE Concord Pacific
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