Press Release, June 6th, 2023:
PPR Capital Management (“PPR”), a leading private equity real estate fund manager, is pleased to announce the appointment of PPR co-founder John Sweeney as the Chief Asset Officer (CAO), effective immediately. This strategic move signifies a pivotal step forward for PPR in enhancing its investment management and deployment capabilities, a crucial element for the company’s future growth and success.
In a new role for the company, John Sweeney will assume responsibility for overseeing PPR’s core business lines, including Non-Performing Loans, Multi-Family/Commercial Real Estate, REO (Real Estate Owned) property, and Short-Term Business Loans. With extensive industry knowledge and a proven track record, John will be instrumental in optimizing PPR’s investment strategies across these areas, ensuring efficient resource allocation, and driving enhanced returns for the company and its stakeholders.
Recognizing the significance of this appointment, CEO Steve Meyer stated, “This marks an exciting milestone for PPR as we fortify our investment capabilities and position ourselves for future success. John has already played an invaluable role in our organization, and I have the utmost respect for his deep expertise and dedication to the firm since its founding. I am thrilled to work closely with him in his new role and witness the positive impact he will undoubtedly bring.”
John Sweeney’s appointment as Chief Asset Officer underscores the company’s commitment to growth and effective investment strategies. With a deep understanding of the industry landscape and a natural affinity for this role, John is primed to lead PPR’s asset management efforts with unparalleled expertise and vision.
“These are exciting changes for PPR, highlighting the transformative phase we are entering,” added Meyer. “The appointment of John as Chief Asset Officer solidifies our commitment to optimizing our investment management and enhancing deployment capabilities. I am confident that we will see positive outcomes stemming from this strategic move both in the near future and over time.”