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.”