Real Estate News

National Property REIT Corp., a Prospect Capital Corporation Portfolio Company, Exits Crown Point Property with a 19.1% IRR and 2.6x Cash-on-Cash Multiple

NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”), a wholly owned portfolio company of Prospect Capital Corporation (NASDAQ: PSEC), today announced the sale of Crown Point Apartments (“Crown Point”), a multifamily property in Danbury, Connecticut, for $151.75 million, achieving a 19.1% internal rate of return and a 2.6x cash-on-cash multiple on the investment.

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