Dedicated single-strategy vehicle supports incremental housing supply while sharing upside with accredited investors across high-growth U.S. markets
Wayne, PA – July 15, 2026 – PPR Capital Management today announced the launch of the PPR Keystone Housing Growth Fund, a dedicated single-strategy fund focused exclusively on build-to-rent (BTR) residential communities.
BTR communities are purpose-built neighborhoods of single-family homes or townhomes designed and constructed specifically for renters, rather than for sale to individual homeowners. Residents get the space, privacy and yard of a single-family home, with the convenience of professional property management, offering an alternative to both traditional apartment living and homeownership.
“For nearly two decades, our conviction has been built on understanding where housing supply and demand are structurally out of balance, then positioning capital ahead of that gap,” said Dave Van Horn, Co-Founder and CEO of PPR. “The Keystone Housing Growth Fund puts that discipline into a single, purpose-built vehicle. We’re entering these types of projects after clearing the riskiest hurdle for most investors, and utilizing our expertise in operations to maximize the value.”
The Fund acquires BTR communities at or near certificate of occupancy, entering after development and construction risk has already been absorbed by the sponsor. That entry point reduces investor risk as the Fund focus on leasing execution and stabilization rather than development risk, at a moment when nearly 75% of U.S. households cannot afford a median-priced home and the pool of high-income, family-age renters has grown 43% since 2008. Investors in the Fund also benefit from tax-advantaged depreciation, a structural feature of real estate ownership that can help offset passive income supplementing the Fund’s targeted returns.
The Fund is designed to acquire communities that are fully built and in varying stages of lease-up, located across high-growth markets with strong renter demand, with initial planned acquisitions in the Charlotte and Nashville MSAs. These purpose-built townhome communities offer residents a single-family-style living experience, with private yards, attached garages and high-end finishes.
Fund Terms:
- Shared upside with 8% accruing preferred return; 14–16% targeted IRR
- $50,000 minimum investment
- 5-year term
- Tax-advantaged depreciation benefits
- Accredited investors only
To learn more about the PPR Keystone Housing Growth Fund or schedule a call with PPR’s Investor Relations team, visit https://pprcapitalmgmt.com/ppr-keystone-housing-fund/ or schedule a time to speak with the team directly.
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About PPR Capital Management
PPR Capital Management is a Wayne, PA-based private equity real estate firm with over 18 years of experience delivering passive income to accredited investors. With over $1.5 billion in assets under management, PPR manages a diversified portfolio of funds across core verticals including non-performing mortgage loans, multifamily housing, build-to-rent communities and express car wash. Recognized by the Inc. 5000, Philadelphia Business Journal and the Financial Times as one of America’s fastest-growing companies, PPR combines institutional-grade investment expertise with a mission to create positive impact in the communities where they invest.
