PPR Capital Management enters Philadelphia multifamily market

Limerick, PA — PPR Capital Management (PPR) announced the addition of Botanica Cottages, a 199-unit multifamily property in Limerick, to its portfolio. The investment is PPR’s first in the Philadelphia metropolitan area.

A community with build-to-rent features, Botanica Cottages offers one-, two-, and three-bedroom units located near the Rte. 422 corridor. Each unit includes its own private entrance and attached garage. 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. “This acquisition demonstrates our ability to identify well-located assets with compelling amenities for renters and value-add potential for investors in markets positioned for long-term stability, aligned with our strategy to craft a portfolio that delivers sustainable, risk-adjusted returns for our investors while building a more resilient and diversified platform.”

Matt Carfaro, senior manager, Multifamily Investments at PPR, added, “Botanica Cottages emerged as an attractive opportunity to enter the Phila. market with an asset that combines immediate cash flow alongside significant value-add potential. This acquisition demonstrates our ability to source assets that align with evolving renter preferences while also delivering compelling risk-adjusted returns to our investors.”

Originally developed in 1999, Botanica Cottages offers residents access to coveted amenities, including a 24-hour fitness center resort-style pool, and spa. These modern features and comfortable accommodations provide the feel of traditional homes, generating strong resident attachment and reducing turnover in the long run. PPR and Bel Canto plan to implement a value-add strategy through interior unit renovations, expected to begin in Q1 2026.