PPR Capital Management Acquires 200-Unit Kansas MF
PPR Capital Management (PPR), a private equity real estate investment firm, has acquired Madison Overland Park, a 200-unit multifamily townhome community located in Kansas. PPR also secured a loan assumption deal on the property, featuring a favorable 3.9 percent interest rate with three years until maturity. Jeff Stingley of CBRE represented the seller, Equus Capital Partners, Ltd, in the transaction.
“The acquisition of Madison Overland Park emphasizes PPR’s ability to capitalize on valuable opportunities in growing markets,” said Steve Meyer, CEO of PPR. The remaining unoccupied units at Madison Overland Park will be renovated during the three-year hold period as part of PPR’s value-add strategy.
Chris Cordes, real estate portfolio manager at PPR, added, “We are thrilled to participate in this acquisition, which illustrates our commitment to providing our investor community with diversified assets that exhibit long-term potential, while also providing high-quality housing options to the local community.”
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.