HQ Capital Real Estate has closed on its transaction with Concord Pacific and Paragon Real Estate Advisors, a subsidiary of HB Management, and rebranded to CP Capital.
The new partnership, which was previously announced in June 2021 and closed earlier this month, transfers the majority interest of the business to Concord Pacific and HB Management. An affiliate of HQ Capital, an original shareholder, continues to own a minority interest in the business.
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.
Since its inception as Real Estate Capital Partners in 1989, CP Capital has invested in approximately $15 billion of U.S. real estate through sponsored funds and separate accounts on behalf of global institutions, family offices and ultra-high-net-worth individuals. Consistent participation in
