As a firm with deep roots in mortgage note investing, PPR has always looked for smart ways to evolve our portfolio, without compromising the consistency and performance our investors have come to expect.
That’s why we’re excited to highlight our continued expansion into Build-to-Rent (BTR) communities.
Across the U.S., housing supply remains at historic lows. Decades of under building, combined with population growth and shifting lifestyle preferences, have created a deep structural imbalance between available homes and the families who need them. The result is sustained demand for quality rental housing — especially in growing suburban markets. Build-to-rent sits at the intersection of housing demand and rental preference. These purpose-built communities offer the space, privacy, and suburban feel of homeownership without the mortgage.
Why BTR?
- High demand from renters aged 25–45 and with retirees seeking warmer climates
- Lower turnover and operating costs vs. traditional multifamily
- Institutional buyers hungry for stabilized portfolios
- Clear path to consistent returns and attractive exits
Why now?
We recently acquired Highline at Knoxville, a two-phase BTR project featuring an array of detached homes and townhomes in a growing Tennessee market.
As you’d expect, our team applies the same level of due diligence and operational excellence that has fueled success in NPLs and multifamily assets.
With housing supply unlikely to catch up anytime soon, BTR is positioned as one of the most durable investment themes for the decade ahead.
We’d be happy to share how it fits into our current fund strategy and the role it plays in generating consistent returns for our investors.
