PPR Capital Management Invests in Affordable Housing Development in Austin, TX
PPR Capital Management acquires multifamily development project in Austin, Texas, that includes 50% affordable housing units. Berwyn, PA / PPR Capital Management (“PPR”), a leading private equity real estate firm, today announced that the firm closed on a 101-unit multifamily development project in the Austin, Texas, market that supports the availability of much-needed affordable housing in this community. In reference to this investment, PPR’s Real Estate Portfolio Manager, Chris Cordes, stated, “This development has an affordable housing component, but it will be a Class “A” mid-rise building. As such, it will offer a typical Class “A” amenity package, including gated surface parking, pool, and fitness center.” Regarding project specifics, Cordes noted, “The design calls for a total of 101 units, with a mix of studios and one- and two-bedroom units. The estimated construction timeline is 16-18 months, and we should have boots on the ground by mid-October, 2023.” Steve Meyer, PPR’s Chief Executive Officer, stated, “We’ve been working to bring this project to fruition for several months, and I’m pleased to say that due to our commitment to designating fully half of the total units as affordable housing, we are able to provide the community much-needed housing while earning significant tax advantages on the investment. This is a true win-win.” Meyer further stated, “PPR is committed to improving the communities in which we operate, and the Austin affordable housing development project is a great example of a public-private partnership that benefits everyone. We look forward to doing more projects like these in the coming months and years.” With this acquisition, PPR’s total assets under management are now over $700,000,000, with this portfolio being comprised largely of commercial real estate and real-estate-backed mortgage loans. About PPR Capital Management PPR Capital Management is a private equity real estate firm, specializing in institutional mortgage notes and commercial real estate. Since 2007, PPR’s experienced team has enabled investors to access an investment fund with sizeable scale, high-quality assets, and macroeconomic-based portfolio management. Adhering to a strong set of core values, PPR’s goal is to deliver risk-adjusted passive returns while improving communities nationwide. For more information about PPR Capital Management and its investment strategies, please visit https://pprcapitalmgmt.com. Media Contact Chris Van Horncvanhorn@pprcapitalmgmt.com(877) 395-1290
PPR Capital Management Recognized as a Best Place to Work 2023 by the Philadelphia Business Journal
PPR Capital Management has been named one of the Best Places to Work in the small company category by the Philadelphia Business Journal. PPR’s CEO, Steve Meyer, expressed pride and gratitude for the recognition, highlighting the team’s efforts in growing the company over the past 16 years and creating a thriving work environment. Berwyn, PA / PPR Capital Management (“PPR”), a leading private equity real estate fund manager, today announced that the firm was honored by the Philadelphia Business Journal as one of the Best Places to Work in the small company category. The firm was selected to the shortlist from an esteemed group of nearly 100 firms in the region. Annually, the Philadelphia Business Journal recognizes the region’s top employers through its Best Places to Work program, independently measuring each company’s culture and taking into consideration compensation, benefits and trust in senior leadership. Steve Meyer, PPR’s Chief Executive Officer, expressed gratitude for this nomination by stating, “We are proud of this independent recognition as it reflects the entire team’s efforts in growing and evolving our firm over the past 16 years. The quality of our employees is unmatched and with a culture of collaboration with each other, our clients, and trusted partners, PPR has created a thriving, enjoyable and successful work environment while also providing financial wellness to our investors and making a positive social impact on the communities in which we live, work, and invest.” The top three companies of the 96 surveyed will be revealed in a special print edition of the Philadelphia Business Journal in late July. About PPR Capital Management PPR Capital Management is a private investment firm, specializing in institutional mortgage notes and commercial real estate. Since 2007, PPR’s experienced team has enabled investors to access an investment fund with a sizeable scale, high-quality assets, and economic-based portfolio management. Adhering to a strong set of core values, PPR’s goal is to deliver risk-adjusted passive returns while improving communities nationwide. For more information about PPR Capital Management and its investment strategies, please visit https://pprcapitalmgmt.com. Media Contact Chris Van Horncvanhorn@pprcapitalmgmt.com(877) 395-1290
PPR Capital Management Appoints John Sweeney as Chief Asset Officer (CAO) to Strengthen Investment Capabilities
PPR Capital Management appoints co-founder John Sweeney as Chief Asset Officer (CAO), a new role aimed at enhancing investment strategies and resource allocation across its core business lines, including Non-Performing Loans, Real Estate, and Short-Term Business Loans, bolstering the firm’s future growth prospects. Berwyn, PA / PPR Capital Management (“PPR”), a leading private equity real estate fund manager, is pleased to announce the appointment of PPR co-founder John Sweeney as the Chief Asset Officer (CAO), effective immediately. This strategic move signifies a pivotal step forward for PPR in enhancing its investment management and deployment capabilities, a crucial element for the company’s future growth and success. In a new role for the company, John Sweeney will assume responsibility for overseeing PPR’s core business lines, including Non-Performing Loans, Multi-Family/Commercial Real Estate, REO (Real Estate Owned) property, and Short-Term Business Loans. With extensive industry knowledge and a proven track record, John will be instrumental in optimizing PPR’s investment strategies across these areas, ensuring efficient resource allocation, and driving enhanced returns for the company and its stakeholders. Recognizing the significance of this appointment, CEO Steve Meyer stated, “This marks an exciting milestone for PPR as we fortify our investment capabilities and position ourselves for future success. John has already played an invaluable role in our organization, and I have the utmost respect for his deep expertise and dedication to the firm since its founding. I am thrilled to work closely with him in his new role and witness the positive impact he will undoubtedly bring.” John Sweeney’s appointment as Chief Asset Officer underscores the company’s commitment to growth and effective investment strategies. With a deep understanding of the industry landscape and a natural affinity for this role, John is primed to lead PPR’s asset management efforts with unparalleled expertise and vision. “These are exciting changes for PPR, highlighting the transformative phase we are entering,” added Meyer. “The appointment of John as Chief Asset Officer solidifies our commitment to optimizing our investment management and enhancing deployment capabilities. I am confident that we will see positive outcomes stemming from this strategic move both in the near future and over time.” About PPR Capital Management PPR Capital Management is a private investment firm, specializing in institutional mortgage notes and commercial real estate. Since 2007, PPR’s experienced team has enabled investors to access an investment fund with a sizeable scale, high-quality assets, and economic-based portfolio management. Adhering to a strong set of core values, PPR’s goal is to deliver risk-adjusted passive returns while improving communities nationwide. For more information about PPR Capital Management and its investment strategies, please visit https://pprcapitalmgmt.com. Media Contact Chris Van Horncvanhorn@pprcapitalmgmt.com877-395-1290
PPR Capital Management Promotes Chelsea DeLuca to Chief Operating Officer (COO)
PPR Capital Management has announced the promotion of Chelsea DeLuca to Chief Operating Officer (COO), a crucial step in the company’s growth strategy. With her extensive experience and leadership skills, DeLuca will oversee core operations and infrastructure, driving PPR’s transition towards enhanced coordination and faster decision-making as part of their “PPR Next” phase. Berwyn, PA / PPR Capital Management (“PPR”), a leading private equity real estate fund manager, today announced the promotion of Chelsea DeLuca to the position of Chief Operating Officer (COO), effective immediately. This strategic move marks another significant step forward in PPR’s evolution towards its next phase of growth, known as “PPR Next .” Having joined PPR over 11 years ago, Chelsea DeLuca has been an integral part of the PPR family, most recently contributing to the company’s success as the Director of Operations. In her previous roles at PPR, Chelsea has consistently demonstrated exceptional leadership, dedication, and a deep understanding of the organization’s evolving operations. As the newly appointed COO, Chelsea will report directly to Steve Meyer, Chief Executive Officer (CEO), and will assume responsibility for PPR’s Core Operations and Infrastructure. This pivotal role will encompass overseeing and coordinating the efforts of various departments, including Operations, Legal, Human Resources, and Technology. Chelsea’s wealth of experience and broad skill set make her the ideal candidate to spearhead these critical areas as PPR embarks on a journey toward becoming a nimbler organization, with enhanced coordination and faster decision-making. CEO Steve Meyer expressed confidence in Chelsea’s capabilities, stating, “I have a tremendous amount of professional and personal respect for Chelsea, and her promotion to COO is a natural and deserved, progression in her career at PPR. Her dedication, expertise, and unwavering commitment to our company’s success have been evident throughout her tenure at PPR. I look forward to collaborating closely with Chelsea as we navigate the exciting growth opportunities that lie ahead.” Chelsea DeLuca’s promotion aligns with the ethos of PPR Next, emphasizing the company’s drive to more quickly and effectively adapt, innovate, and capitalize on emerging trends in the industry. Continued Meyer, “With her extensive knowledge and proven track record, Chelsea is poised to lead PPR’s operations with remarkable efficiency and effectiveness, ensuring that the company remains at the forefront of the industry.” About PPR Capital Management PPR Capital Management is a private investment firm, specializing in institutional mortgage notes and commercial real estate. Since 2007, PPR’s experienced team has enabled investors to access an investment fund with a sizeable scale, high-quality assets, and economic-based portfolio management. Adhering to a strong set of core values, PPR’s goal is to deliver risk-adjusted passive returns while improving communities nationwide. For more information about PPR Capital Management and its investment strategies, please visit https://pprcapitalmgmt.com. Media Contact Chris Van Horncvanhorn@pprcapitalmgmt.com(877) 395-1290
PPR Capital Management Featured on the Financial Times’ list of the 500 Fastest Growing Companies in the Americas.
The Financial Times has recognized PPR Capital Management as one of the fastest-growing businesses in America. Berwyn, PA / PPR Capital Management (“PPR”), a leading private equity real estate fund manager, has been named one of the Americas’ Fastest Growing Businesses by the Financial Times. Notably, PPR was the 11th fastest-growing Real Estate company on the list. With a seasoned team and a proven investment strategy, PPR has been providing investors with consistent returns and peace of mind for over fifteen years. With decades of industry experience and economic-based portfolio management, PPR is committed to delivering above-average risk-adjusted returns with its investors’ success foremost in mind. One of PPR’s featured strategies and a key to its growth is Real Estate Note Investing, which has been a cornerstone of its investment approach since the firm’s inception in 2007. PPR specializes in non-performing notes, which are real estate-backed loans that are purchased through government auctions and fund-to-fund transactions. “We are incredibly proud of our dedicated people and the strong foundation we have built over fifteen years. Our Real Estate Note Investing strategy has been a significant part of our investment approach since the firm’s founding,” said Steve Meyer, Chief Executive Officer of PPR Capital Management. “We have a deep understanding of the non-performing loan market, and we use our expertise to identify unique investment opportunities that provide reliable sources of returns.” In addition to its Real Estate Note Investing strategy, PPR Capital Management also focuses on commercial real estate investments. The firm utilizes its experience and extensive network to identify and partner with time-tested sponsors and developers with a demonstrable track record. “We choose asset classes within the commercial space that have beneficial long-term supply/demand characteristics, such as Class B or Affordable Housing located in areas with long-term favorable fundamentals,” said Dave Van Horn, Founder, and Executive Chairman of the Board of PPR Capital Management. “Our approach to commercial real estate investing is centered around identifying unique investment opportunities that align with our investment strategy,” added Meyer. “We focus on properties that have the potential to generate positive long-term returns, and we work closely with our trusted sponsors and partners to ensure that our investments are aligned with our investors’ objectives, as well as positively impact local communities.” “As we look to the future, we remain committed to delivering exceptional results to our investors and partners and being an integral part of their wealth-building success” Meyer continued. We look forward to building on our achievement as one of the Americas’ Fastest Growing Businesses.” For more information about PPR Capital Management and its investment strategies, please visit its website at https://pprcapitalmgmt.com. About PPR Capital Management PPR Capital Management is a private investment firm, specializing in institutional mortgage notes and commercial real estate. Since 2007, PPR’s experienced team has enabled investors to access an investment fund with a sizeable scale, high-quality assets, and economic-based portfolio management. Adhering to a strong set of core values, PPR’s goal is to deliver risk-adjusted passive returns while improving communities nationwide. Media Contact Chris Van Horncvanhorn@pprcapitalmgmt.com(877) 395-1290
Stephen G. Meyer joins PPR Capital Management As New CEO
The company enters its next stage of growth with seasoned financial services executive. Berwyn, PA / PPR Capital Management announced today that Stephen G. Meyer, formerly of SEI Investments, has been appointed new CEO of the company. An experienced business leader, Mr. Meyer will succeed co-founder Dave Van Horn and assume all CEO related responsibilities immediately. Mr. Van Horn will be continuing on with the firm as Executive Chairman of the Board, as well as assist the company in both marketing and fundraising capacities. Stephen “Steve” Meyer has over 30 years’ experience in Financial Services, Wealth Management and Technology. Most recently Mr. Meyer was at SEI and enjoyed a 29-year career at the firm where he was involved in many aspects of their businesses, most notably building their IMS division from the ground up to the largest division in the Company. “Steve will be an invaluable addition to the PPR team, helping us in many areas, including technology, reporting, and operations,” said Executive Chairman Dave Van Horn. “Above all, Steve shares in our core values, and I believe he’ll be a perfect cultural fit for the PPR family.” While at SEI, Mr. Meyer pioneered the Global Expansion of the Company by establishing both the Dublin, Ireland and the Luxembourg offices. Steve’s latest role was Executive Vice President of SEI and President of SEI’s Global Wealth Management Services, which includes their Private Banking and Investment Manager Services businesses, as well as the Family Office Services and Global Regulatory Compliance platform. In this role, Steve was responsible for driving the strategy of providing holistic investment operations and technology infrastructure solutions to investment and wealth managers globally. Prior to SEI, Steve also worked for the Vanguard Group and Coopers and Lybrand. Mr. Meyer is also a Certified Public Accountant and received a BBA in Accounting and Finance from La Salle University. “Mr. Meyer’s institutional background will be pivotal in taking PPR into our next stage of growth,” said COO John Sweeney. “His network and leadership skills will be a game changer for our business and will only help to ensure the strength of our company, not just internally, but also for our investors and in our overall community impact.” “I was looking for something dynamic in this next phase of my career, and several things attracted me to PPR,” said Mr. Meyer. “The culture, the people, and the purpose were all things that made them stand out. And of course, I’m excited about the opportunity ahead. I look forward to being a part of PPR’s future.” About PPR Capital Management PPR Capital Management is a private investment firm, specializing in institutional mortgage notes and commercial real estate. Since 2007, PPR’s experienced team has enabled investors to access an investment fund with sizeable scale, high quality assets, as well as economic-based portfolio management. Adhering to a strong set of core values, PPR’s goal is to deliver risk-adjusted passive returns while improving communities nationwide. Media Contact Chris Van Horncvanhorn@pprcapitalmgmt.com877-395-1290
DAVE VAN HORN INVITED TO THE FORBES FINANCE COUNCIL
Berwyn, PA / Dave Van Horn, President & CEO of PPR, a real estate and mortgage fund manager, has been accepted into Forbes Finance Council. Forbes Finance Council is a highly selective invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms. Candidates are vetted and selected by a review committee based on the depth and diversity of their experience as well as their business success and personal accomplishments. A review committee vetted and selected Dave Van Horn, author of Real Estate Note Investing, published by BiggerPockets Publishing in 2018, based on the breadth and depth of his experience as an investor and business leader. Acceptance criteria include a track record of business success, as well as personal and professional accomplishments and honors. “We are honored to welcome Dave into the community,” said Scott Gerber, founder of Forbes Councils, which includes Forbes Finance Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.” Dave will connect and collaborate with other respected finance industry leaders as a Council member. Dave will also be invited to collaborate with a professional editorial team to share his expert insights in original business articles on Forbes.com, as well as to participate in published Q&A panels with other experts. Being a veteran contributor to the BiggerPockets community and a frequent guest on real estate and entrepreneurial podcasts, Dave will be able to greatly expand his readership and share his knowledge with more investors and industry leaders around the world. “I’m honored to accept the invitation to join the Forbes Finance Council,” said Dave Van Horn. “Forbes is one of the most respected publications in the industry, and I’m excited to continue sharing with the Forbes audience the wealth-building and -preservation strategies I’ve learned throughout my career as an investor and fund manager. In particular, I hope to help educate high net worth investors on the value of diversifying their portfolios into alternative assets like real estate.” To learn more about PPR please visit https://pprnoteco.com/ Media Contact Dave Van Horninfo@pprnoteco.com8773951290920 Cassatt Road, Suite 210Berwyn, PA