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Washington DC & Mid-Atlantic  + Philadelphia  + Apartments  |  December 19, 2025
Jasmine Kilman
By: Jasmine Kilman

PPR Capital Management Makes First Philadelphia Region MF Investment

PPR Capital Management (PPR) has added Botanica Cottages, a 199-unit garden-style multifamily property in Limerick, Pennsylvania, to its portfolio. The investment is PPR’s first in the Philadelphia metropolitan area.

A unique community with build-to-rent features, Botanica Cottages offers private townhomes featuring one-, two-, and three-bedroom units, located near the Route 422 corridor. PPR’s investment in the property is made alongside Bel Canto Asset Growth Fund, a local multifamily investment and development company.

“Botanica Cottages represents a strategic entry into the Philadelphia market that aligns with our disciplined approach to diversification, growth and our conviction toward the opportunities within the housing market,” said Steve Meyer, CEO of PPR Capital Management.

Originally developed in 1999, Botanica Cottages offers amenities, including a fitness center and resort-style pool and spa. PPR and Bel Canto plan to implement a value-add strategy through interior unit renovations, expected to begin in Q1 2026.

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About Jasmine Kilman

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.
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