Artizen Townhomes
St. Louis, MO
Artizen is a 13-unit townhome development in the rapidly growing Central West End area of St. Louis. PPAF is the sponsor developer and one of the main equity investors in the project that is financed by American Bank of Missouri. Designed by Trivers Architects and located at the intersection of West Pine and Sarah Street, the luxury townhomes are an uncompromised standard of quality and finish level residence that will be unique to St. Louis’ for sale residential market. The listing agent is Sotheby's International, and this will be their second successful project with PPAF’s principals. The project broke ground in Q4 2019 and is scheduled for delivery in Q4 2020.
Eden Crest
Apopka, FL
Eden Crest, PPAF's newest investment with partners DDC Management and Hartizen Homes, is located in central Florida. This large community development spans 95 acres with nearby access to plenty of shopping and recreation choices. Initial sales of single family and townhome lots are expected in March of 2025.
Spring Garden Townhomes
DeLand, FL
PPAF invested in the planned unit development, Spring Garden Townhomes, in November 2023. PPAF will be working alongside DDC Management and Hartizen Homes to deliver this 90-lot subdivision in DeLand, Florida. Demand for new housing in this area makes this an extremely desirable location. Lots are expected to be completed in November 2024.
Harmony Townhomes
St. Cloud, FL
PPAF has invested in Harmony Townhomes, located in St. Cloud, Florida. This development will be part of the existing Harmony Master-Planned Community centered around two lakes, biking and walking trails, and access to a wide variety of amenities. Our operating partners are DDC Management and Hartizen Homes. Final townhome sales are expected in August 2024 with an expected equity multiple of 1.45x.
Magnolia Reserve
Ocoee, FL
PPAF invested in a joint venture with our partners at DDC Management and Hartizen Homes. Magnolia Reserve is a 48-lot single family residential land development project located 20 minutes from downtown Orlando, FL. The expected duration for this project 2.5 years, with initial lot sales beginning May 2024.
Brooks Landing
Space City, FL
PPAF is investing $2,150,000 in a residential land development project in the Space City area of Florida, a rapidly growing location for multiple Fortune 500 companies. This development will include 138 single-family homes on 71 acres of land. The total project cost is $8,000,000 and the duration is 3.5 years. Our potential equity multiple is 1.7x.
Seidel Road
Orlando, FL
PPAF invested $1.1 million as part of a larger investment of $6.5 million in equity into a residential land development project in southwest Orlando. Our JV Partner is DDC Management, a land development company that invests and develops land for sale to national homebuilders in Ohio, Florida, and the Carolinas. Our JV entity is acquiring a 49% ownership in the project, with an expected duration of 2 years and potential multiple of 1.5x.
Park Manor
Orlando, FL
Park Manor is a 32-lot single family community in partnership with DDC Management and Hartizen Homes. Park Manor is well located in Eastern Orlando, within the city limits and represents a rare track of land where we can build an infill for-sale community. The land is fully entitled and development has commenced as of Q2 2020. We began delivering homes in Q4 2021 with a fully built and habitable community by Q4 2022. This investment represents the first project with our homebuilding strategy on the East Coast, and we are expecting to roll out a larger platform with an institutional equity partner in 2022.