Building Value Through Strategic Development
A vertically integrated real estate platform specializing in ground-up development, value-add acquisitions, and institutional-grade build-to-suit across core high-growth markets.
Commercial & Residential
Our strategy is opportunistic and designed to capture yield at different points along the risk-return spectrum while leveraging deep operational expertise.
Build-to-Suit
Targeting institutional-grade tenants for ground-up build-to-suit deals that deliver an attractive yield on cost and strong credit profile upon stabilized exit.
Value-Add
Acquiring underperforming industrial, flex, and commercial assets where below-market rents, deferred maintenance, or operational mismanagement create a clear path to NOI growth.
Specialty Industrial
Acquisition and development of non-traditional industrial assets — outdoor storage yards, truck terminals, cold storage, and other high-demand, low-supply product types that institutional capital is increasingly chasing.
Criteria
Complementary asset classes that round out our portfolio with stable, demand-driven cash flows and meaningful development and value-add upside.
Self Storage
Development
Targeting overlooked markets with a data-driven approach to identify supply and demand imbalances before the competition.
Value-Add
Acquisitions with upside realized through rent roll optimization and excess developable land for phased expansion.
Multi-Family
Development
Class A multifamily in markets experiencing significant employment and industry growth spurring demand for new housing supply.
Value-Add
Acquisitions with additional upside through rent roll optimization, facility improvements, and favorable assumable debt structures.
Flex / Shallow Bay
Development
Ground-up small bay and flex industrial in submarkets with strong small business formation and limited new supply.
Value-Add
Acquiring underperforming flex and shallow bay assets where below-market rents, deferred maintenance, or poor tenant mix create a clear path to value creation.
Industrial
Development
Purpose-built industrial facilities for credit tenants on long-term NNN leases, typically in logistics corridors and manufacturing hubs tied to automotive, distribution, and advanced manufacturing demand drivers.
Value-Add
Targeting functional but overlooked industrial assets where below-market rents, near-term lease rollovers, or deferred capital expenditures present an opportunity.
Industrial Outdoor Storage
Development
Ground-up development of secured, improved outdoor storage yards in industrial corridors with high truck traffic and limited paved lot inventory.
Value-Add
Acquiring existing IOS sites or underutilized industrial parcels that can be repositioned as outdoor storage.
Build to Rent (BTR)
Development
Purpose-built single-family and townhome rental communities in high-growth markets where homeownership affordability has pushed demand toward rental alternatives.
Value-Add
Acquiring existing scattered-site or small-portfolio BTR assets and consolidating them under professional management.
Development Capabilities
We manage every phase of the development lifecycle in-house — from initial market identification through construction closeout — ensuring alignment, speed, and cost discipline at every step.
Site Selection
Rigorous market screening across secondary and tertiary metros, analyzing employment growth, infrastructure, tenant demand, and submarket supply dynamics to identify optimal locations.
Proprietary scoring framework that layers demographic, logistical, and zoning data to surface high-conviction sites before they reach the broader market.
Off-Market Sourcing
Deep broker relationships, direct-to-owner outreach, and proactive landowner engagement to access deals that never hit the open market — eliminating competitive bid pressure and improving basis.
Systematic prospecting campaigns targeting landowners, distressed sellers, and bank workout departments across our target geographies.
Due Diligence
Comprehensive technical review spanning environmental (Phase I/II), geotechnical, ALTA survey, title, zoning confirmation, utility capacity, and tenant credit analysis.
Coordinated third-party expert network with an internal checklist discipline that ensures nothing is missed — and hard deadlines are met.
Design & Entitlement
Managing the full architectural and civil engineering scope from conceptual site planning through construction documents, while navigating zoning approvals, PUD requirements, and municipal review.
In-house site planning capability using scaled toolsets that accelerate feasibility analysis and compress the pre-development timeline.
Incentive Procurement
Identifying and negotiating economic development incentives — tax abatements, TIF districts, infrastructure grants, and job creation credits — that materially improve project economics.
Direct relationships with local and state economic development authorities, with a track record of structuring incentive packages that move the needle on yield.
Construction Management
Hands-on oversight of general contractors through bid leveling, value engineering, draw management, and schedule accountability — driving on-time, below-budget delivery.
Line-by-line cost review and proactive identification of drawing contradictions, VE opportunities, and scope gaps before they become change orders.
Financing
Structuring the optimal capital stack — construction loans, permanent financing, institutional equity, and co-investment alongside our investors — to maximize returns while managing risk.
PPAF invests in every deal alongside equity partners, aligning interests and optimizing cost of capital through deep lender and equity relationships.
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