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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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout