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P Capital, a real estate investment manager focused on multifamily investments, has sold Hathon, a 190-unit apartment community in Medway, Massachusetts, just outside Boston. The property, completed in 2023, attracted strong interest from private and institutional investors, reflecting the robust demand for multifamily housing in the Greater Boston area.

    The sale highlights the resilience of the multifamily sector despite market volatility and interest rate uncertainty, according to Jay Remillard, Co-Head at CP Capital. "This transaction demonstrates the enduring appeal of high-quality rental housing," he notes. As the firm looks ahead to 2025, it remains committed to partnering with top sponsors to deliver strong returns for investors while supporting community growth nationwide.

    Hathon is situated on a 12.3-acre site in Medway, offering easy access to Boston and Providence, Rhode Island, via Interstate 495. The property benefits from its location in the sought-after MetroWest market, combining classic New England charm with greater affordability than downtown Boston or Cambridge. Residents enjoy an extensive amenities package, including a fitness center, pool, co-working spaces, and more.

    The community features 142 market-rate units and 48 affordable units within four- and five-story wood-frame buildings, offering high-end finishes and surface parking. The property provides access to outdoor recreation, walkable retail, and a convenient commute to downtown Boston.

    This sale follows CP Capital's recent divestment of The Gabriel in Pomona, California, as well as significant construction and leasing milestones at 11 multifamily developments nationwide, underscoring the positive trajectory of the U.S. multifamily market heading into 2025.