Wireworks
St. Louis, MO
PPAF acquired an interest in a 107,329 SF mixed-use historical building which consists of 80 residential units and 11,000 SF of commercial space in the supply constrained and high barrier-to-entry Lafayette Square submarket of St. Louis. Our operating partner is The Broadmoor Group, who has developed, acquired, and operated over 17,000 units across the Midwest and Southeast since inception. Our JV entity is acquiring Wireworks at a significant discount to market comparables, and upon closing will immediately begin the renovation process. Wireworks is located just minutes away from downtown Saint Louis’s central business district and major universities.
Eastlake at Tillery
Austin, TX
Eastlake is a 172,000 office development in the rapidly growing Austin market. With our equity sponsor CREA, along with development partner Greenbelt Commercial, we have invested at the GP level in an exciting new development that broke ground in Q4 2019 and delivered in Q1 2021. Boasting a vibrant combination of Class A office, retail and mixed-use developments, the East submarket features a significant opportunity to expand the office market beyond downtown.