New Foundation Reflects Firm's Commitment to Purpose-Driven Investing and Community Impact
PPR Capital Management (PPR), a leading private equity real estate investment firm with over $1 billion in assets under management, today announced the launch of the PPR Prosperity Foundation, a new charitable initiative supporting organizations dedicated to advancing access to affordable housing, with a particular focus on veteran housing and services. The foundation represents a formalization of PPR's long-standing commitment to giving back and aligns directly with the firm's core values and mission.
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The PPR Prosperity Foundation will focus on supporting veteran-related initiatives and community development efforts through direct charitable contributions and community partnerships. The foundation's first donation of $10,000 was made to the Kerrville Area Rebuilding & Recovery Fund to support flood relief efforts in Texas, and was added to by individual employee donations, demonstrating the organization's immediate commitment to addressing urgent community needs.
“PPR stands for purpose, prosperity and relationships, because at the core, that is what we're all about,” said Steve Meyer, CEO of PPR Capital Management. “While we're in the investments business and seek to provide prosperity to our investors, our goal extends far beyond financial returns. We want to address the affordable housing crisis in the US and give back to the communities in which we work, live, and invest. With our nation facing a 5.8 million unit shortage of affordable workforce housing, we believe it's our responsibility to be part of the solution.”
The foundation's approach reflects PPR's broader investment philosophy, which prioritizes keeping families in their homes rather than pursuing aggressive foreclosure strategies. This mission-driven approach has guided the firm's growth from specializing solely in non-performing mortgage loans to offering a diversified real estate investment platform serving accredited investors nationwide.
Supporting Veterans Through Partnership and Action
A cornerstone of the PPR Prosperity Foundation will be its partnership with Veterans Villages of Philadelphia, where PPR team members will contribute both financial support and volunteer efforts. The collaboration will include hands-on community service providing assistance of light repairs, painting, and landscaping intended to enhance quality of life for veteran community members.
“We believe starting in our local community allows us to make a more meaningful impact and build strong partnerships, which we can then expand upon as the foundation grows,” Meyer explained. Looking ahead, the foundation plans to broaden its efforts to include direct support services such as financial literacy programs, workforce readiness initiatives, and educational opportunities designed to help veterans achieve long-term economic stability.
Formalizing a Culture of Giving
The launch of the PPR Prosperity Foundation formalizes PPR's established culture of community involvement. The firm has consistently supported local charitable organizations through employee volunteer efforts and corporate contributions, including partnerships with organizations such as ProjectHOME, the Chester County Food Bank, and the Salvation Army's Adopt-a-Family program.
“While we've always given back to communities through our time, talent, and monetary donations, we wanted to do this in a more formal way,” said Meyer. “This foundation allows us to create lasting partnerships and make a sustained impact on the issues that matter most to our communities.”
About PPR Capital ManagementPPR Capital Management is a private equity real estate firm that manages investment offerings which primarily invest in distressed assets and mortgages, as well as residential and commercial real estate throughout the United States. Founded in 2007, PPR's mission has been to provide financial wellness to our investors while making a positive social impact on the communities in which we invest, live, and work. For more information, please visit our website at pprcapitalmgmt.com.
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SOURCE PPR Capital Management
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