CP Capital US announces development in Georgia with Crescent Communities

CP Capital, a U.S. real estate manager specializing in multifamily investments, has formed a joint venture with Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, to develop Render Covington, a 315-unit multifamily community in Covington, Ga.

Located on Highway 278 between Martin’s Crossing and Henderson Drive, the Render Covington project is in Newton County about 35 miles southeast of Atlanta. Render Covington will feature class-A unit interior finishes such as stainless-steel appliances, stone-surface countertops, and vinyl-wood flooring. Community amenities will include a fitness center, resort-style swimming pool, dog park, bicycle-gear garage, and detached garages.

The project is expected to break ground in January 2022. First units are expected in May 2023, with construction expected to be completed in January 2024. It will be only the second multifamily community delivered in C