PPR Capital Management (PPR), a private equity real estate investment firm, has recently acquired Madison Overland Park, a 200-unit multifamily townhome community in Kansas. The property was purchased from Equus Capital Partners, Ltd with the assistance of Jeff Stingley from CBRE.
According to PPR CEO Steve Meyer, this acquisition showcases the company’s ability to take advantage of opportunities in growing markets. As part of their value-add strategy, PPR plans to renovate the remaining unoccupied units at Madison Overland Park during their three-year hold period.
Chris Cordes, real estate portfolio manager at PPR stated that they are excited about this acquisition as it aligns with their goal of providing diversified assets for investors and offering high-quality housing options for local communities. With favorable loan terms and potential for long-term growth, Madison Overland Park is an attractive addition to PPR’s portfolio.
