CP Capital, a U.S. real estate manager specializing in multifamily investments, announced recent portfolio milestones, including the sale of NOVEL Independence Park — a five-story, 277-unit mid-rise apartment community in Tampa, Fla. In addition to this transaction, the firm reported increased activity across its portfolio, including recent investments in four target markets and continued lease-up success across multiple existing properties.
NOVEL Independence Park, completed in 2024, was developed as a joint venture with Crescent Communities, an investor, developer and operator of mixed-use communities.
“The multifamily sector has faced challenges in recent years, but we remain optimistic due to its resilience amidst economic uncertainty and the heightened levels of renter demand that should persist long after the current wave of new supply is fully absorbed,” says Jay Remillard, executive managing director at CP Capital. “The sale of NOVEL Independence Park,
