Published 7 days ago • loading... • Updated 6 days ago

PPR Capital Management Announces First Build-to-Rent Acquisition in Knoxville, Tennessee

PPR Capital Management announced its first build-to-rent acquisition, Highline at Knoxville, for $87 million, marking its entry into this sector and its second property in Tennessee.
The acquisition includes 110 homes in Phase I and 151 planned units in Phase II, with a total equity investment of $25 million from PPR.
Steve Meyer, CEO of PPR, stated that this acquisition marks a pivotal moment in the firm's growth into the build-to-rent sector.
Dan Magder, Managing Partner of Center Creek, highlighted that build-to-rent communities like Highline provide quality rental options amid rising mortgage rates.

Insights by Ground AI

Does this summary seem wrong?

14 Articles

All

Left

Center

Right

Benzinga

+11 Reposted by 11 other sources

Center

PPR Capital Management Announces First Build-to-Rent Acquisition in Knoxville, Tennessee

Strategic $87 million investment launches firm's expansion into the growing build-to-rent sector BERWYN, Pa., March 24, 2025 /PRNewswire/ -- PPR Capital Management (PPR), a private equity real estate investment firm, announced the acquisition of Highline at Knoxville, a newly constructed build-to-rent (BTR) community in Knoxville, TN. This strategic $87 million acquisition encompasses both Phase I, consisting of 110 detached homes currently in l…

7 days ago·New York, United States

Read Full Article

Greater Phoenix In Business Magazine

Investment Co. Plans 130 Build-to-Rent Townhome Community in Litchfield Park - Greater Phoenix In Business Magazine

Zen Investing, a Scottsdale-based real estate investment and development company held a groundbreaking ceremony on Friday, March 21 for its newest project. Zen @ Angelina is a build-to-rent townhome community situated on 8.4-acres located at the southwest corner of Indian School and Dysart Roads in Litchfield Park and under the jurisdiction of the City of Avondale. With construction now underway, Zen @ Angelina is targeted to begin leasing in fa…

6 days ago

Read Full Article

REBusinessOnline

PPR Capital Management Buys Build-to-Rent Community in Knoxville for $87M

KNOXVILLE, TENN. — PPR Capital Management, a private equity firm based in Berwyn, Pa., has purchased Highline at Knoxville, a new build-to-rent residential community in Knoxville, for $87 million. The acquisition includes both Phase I, which comprises 110 single-family rental (SFR) homes currently in lease-up, and Phase II, 151 townhomes and detached SFR homes that will break ground immediately and be delivered in tranches between 2026 and 2027.…

6 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year