PPR Capital Management announced the acquisition of Madison Overland Park, a 200-unit multifamily townhome community located in Overland Park, Kan. PPR also has secured a loan assumption deal on the property, featuring a favorable 3.90 percent interest rate with three years until maturity.
The community offers two- and three-bedroom townhomes featuring custom designer finishes and amenities including a pool, fitness center, walking trails and dog park.
The 88 unoccupied units at Madison Overland Park will be renovated during the three-year hold period as part of PPR's value-add strategy.
