PPR Capital Management, a private equity real estate investment firm, has recently completed the acquisition of Infinity at Plaza West. Located in Kansas City, Missouri, this 224-unit garden-style multifamily community is now under PPR’s ownership.
In order to maximize value-add opportunities and efficiently deploy capital, PPR utilized strategic financing methods for the $33.6 million acquisition. This included securing a favorable 3.90% loan assumption.
The investment structure involved an overall equity investment of $11.4 million with PPR contributing $10.2 million as the primary equity partner. Working alongside Aspen Funds as general partner and Petra as co-general partner and on-site property manager, PPR was able to successfully acquire this property near Country Club Plaza – a popular retail and lifestyle destination in Kansas City.
This marks PPR’s second investment in the Kansas City metropolitan area.
“We are excited about acquiring this asset below market basis with attractive financing terms,” said Steve Meyer , CEO of PPR Capital Management . “We believe that by implementing our capital improvement strategy we can create additional value for our investors.”
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Private equity real estate firm PPR Capital Management has acquired Infinity at Plaza West – a garden-style multifamily community located in Kansas City,Missouri- through its subsidiary company,PPL.Capitalizing on strategic financial strategies such as assuming loans with low interest rates,the total cost of acquisition amounted up to$33.million.This allows maximum potential for value addition while ensuring efficient use of funds.
PPR’s investment structure involved a total equity investment of $11.4 million,with the company contributing $10.2 million as the primary equity partner.Working alongside Aspen Funds and Petra as general and co-general partners respectively,and with on-site property management,the acquisition marks PPR’s second venture in Kansas City.The community is located near Country Club Plaza,a popular retail and lifestyle destination in the city.
“We are thrilled to have acquired this asset at below market value,thanks to favorable financing terms,” said Steve Meyer ,CEO of PPR Capital Management.”We are confident that our capital improvement strategy will add significant value for our investors.”
Don’t miss out on seeing Michael Brennan receive Connect CRE’s Lifetime Achievement Award at Connect Industrial Midwest 2025!He will also participate in an exclusive Keynote Interview with Kevin Brennan from Brennan Investment Group.Register today to “Be In The Room” on Wednesday afternoon March 5th at Joe’s Live Rosemont IL!
