Dive Brief:

• CP Capital, a real estate investment manager focused on the multifamily sector, has appointed Kristi Nootens as co-head. 
• Nootens will work alongside co-head Paul Doocy to manage the day-to-day operations of New York City-based CP Capital and lead the firm’s investment strategies. She has more than 15 years of real estate experience, including 10 as part of the investment team at CP Capital after receiving her MBA from the University of North Carolina at Chapel Hill.
• As a leader on CP Capital’s investment team, Nootens has secured nearly $1 billion of investments across multiple funds and geographic regions. She has worked closely with CP Capital’s business partners and with the firm’s various departments, the company said in a press release.

Dive Insight:

CP Capital, formerly known as HQ Capital Real Estate, has invested in more than $15 billion of U.S. real estate in more than 230 fund investments, including more than 70,000 residential units, since its founding in 1989. It focuses on opportunistic and value-add rental apartment investments in high-growth markets throughout the U.S.

Nootens serves as a CP Capital delegate for The Association of Foreign Investors in Real Estate (AFIRE) and a mentor with Project Destined, a leading education platform dedicated to training underserved youth for careers in the real estate industry. 

“Kristi is a highly experienced and well-regarded investment professional, and we believe that her leadership is aligned with CP Capital’s next stages of growth,” said Doocy. 

CP Capital has provided funding to some of the biggest developers in the apartment industry, including Greystar Real Estate Partners, Alliance Residential, Toll Brothers Apartment Living, Crescent Communities and Wood Partners.

“Those national multifamily developers have boots on the ground in a lot of the markets that we’re looking to invest in,” Logan King, vice president of investments at CP Capital, told Multifamily Dive earlier this year. “They have the experience and the expertise. We have had deep relationships with them over many years and a number of real estate cycles.”

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