PPR Capital Management (PPR), a private equity real estate investment firm, has acquired The Villas at Foxwood, a 232-unit townhome-style multifamily community located in Brown Deer, Wisconsin, approximately 15 minutes northwest of downtown Milwaukee.
This $38.3 million acquisition represents PPR’s first investment in the Milwaukee area and marks the firm’s expansion into the upper Midwest region. The property spans 21 acres and features amenities including private entrances, attached garages, fireplaces, and in-unit washers and dryers.
“The Villas at Foxwood represents an ideal opportunity to enter the Milwaukee market, which is experiencing steady growth driven by the area’s expanding lifestyle and entertainment options throughout downtown and along Lake Michigan,” said Christopher Cordes, Director, Multifamily Investments at PPR Capital Management. In addition to Christopher Cordes, the PPR project team includes Peter Kelley, Associate Counsel, and Jared Floryshak, Paralegal.
PPR plans to implement modernized unit upgrades such as stainless-steel appliance packages and premium flooring.
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