PPR Capital Management (PPR), a private equity real estate investment firm, has recently acquired Madison Overland Park, a 200-unit multifamily townhome community located in Kansas. The acquisition was made possible through PPR’s strategic approach to identifying and seizing profitable opportunities in growing markets.
According to Steve Meyer, CEO of PPR, the purchase of Madison Overland Park showcases the company’s expertise in maximizing returns on valuable investments. In addition to acquiring the property, PPR also secured a loan assumption deal with favorable terms including a low interest rate of 3.9% and three years until maturity.
CBRE represented Equus Capital Partners Ltd., the seller of Madison Overland Park. As part of its value-add strategy for this property, PPR plans to renovate any remaining unoccupied units 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 commitment to providing investors with diversified assets that offer long-term potential while also contributing high-quality housing options for local communities.
This recent transaction by PRR highlights their ability as an expert private equity real estate investment firm capable of identifying and capitalizing on lucrative opportunities within growing markets.
