KANSAS CITY, MO – PPR Capital Management (PPR), a private equity real estate investment firm, announced the acquisition of Infinity at Plaza West, a 224-unit garden-style multifamily community located in Kansas City, MO. Through strategic financing that includes a favorable 3.90% loan assumption, PPR has structured the $33.6 million acquisition to maximize value-add opportunities while maintaining efficient capital deployment.
The property is intentionally located in close proximity to the Country Club Plaza, Kansas City’s premier retail and lifestyle destination. This acquisition is PPR’s second investment in the Kansas City metropolitan area, following their December 2023 acquisition of a 200-unit townhome community in Overland Park, KS.
“This acquisition further demonstrates PPR’s ability to identify and secure properties with strong value-add potential in growing locations,” said Steve Meyer, CEO of PPR Capital Management. “By acquiring this asset below market basis with attractive financing terms, we are well-positioned to implement our capital improvement strategy and make additional value for our investors.”
The investment structure includes a total equity investment of $11.4 million, with PPR contributing $10.2 million as the primary equity partner. PPR worked alongside Aspen Funds as the General Partner and Petra as Co-GP and on-site property manager.
Chris Cordes, Director, Multifamily Investments at PPR Capital Management, added, “Following our recent success in the Kansas City market, we are excited to expand our presence with Infinity at Plaza West. The property’s historically strong occupancy and prime location, combined with our plotted improvements, align perfectly with our deliberate investment strategy of acquiring well-located assets with significant upside potential.”

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EVERETT, WA – CEP Multifamily announced their acquisition of the Nimbus Apartments, a 165-unit luxury midrise apartment community in Everett’s central business district. Nimbus is the 23rd acquisition in Washington for the vertically integrated Everett-based firm and grows their existing Pacific Northwest portfolio to 1,534 units. The acquisition price was $49 million ($296,970 per unit) and marks the second acquisition for CEP’s latest fund vehicle, CEP Multifamily Fund II, according to Josh Jansen, CEP’s CEO and Managing Partner.
Completed in 2022, Nimbus offers residents a mix of studios, one- and two-bedroom units. The community features luxury-grade finishes ranging from soft-close cabinets and stainless steel appliances to quartz countertops and 9-foot ceilings. Residents also delight in an extensive amenity package including coworking space in the lobby, state-of-the-art fitness center, an arcade, and the 8th floor cloud room with an entertaining kitchen and a rooftop lounge with mountain views.
“Nimbus is a perfect fit for our strategy to provide desirable, attainable housing to the area’s workforce,” said Jansen. “Everett and Snohomish County boast strong employment fundamentals due to a mix of established blue-chip employers and a robust start-up ecosystem. Area residents delight in a high quality of life and relative housing affordability, which have fostered a diverse, well-educated labor pool. These factors have supported long-term population and employment growth, trends we believe will accelerate in the coming years.”
David Young, Corey Marx, and Chris Ross of JLL Seattle brokered the transaction.
CEP Multifamily (CEP) is a vertically integrated real estate investment firm that offers accredited investors access to investment opportunities in institutional grade apartment communities across the Pacific Northwest, focusing on workforce housing in supply-constrained submarkets with strong economic fundamentals.

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CHARLOTTE, NC – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced the start of preleasing at Modera LoSo, a contemporary midrise apartment community in Lower South End.
The community, which features 351 luxury homes, is situated less than five miles south of Uptown Charlotte, adjacent to South End, and surrounded by a variety of retail, office and well loved entertainment destinations. The community is also within walking distance of the LYNX Blue Line Scaleybark Station, which provides connectivity to the key attractions and employment centers throughout the city. First go-ins are anticipated for March.
“We’re keen to officially join the LoSo market, which continues to become a preferred living destination among discerning residents,” said Alex Eyssen, senior managing director for Mill Creek Residential. “We believe Modera LoSo will be distinctive in the market due to its unique design elements and refined amenity spaces. Our in-house team is fully prepared to deliver a top-of-market living experience. We look forward to welcoming our first residents to their new home.”
Situated at 3405 South Tryon Street near Clanton Road, the community offers prime connectivity to South End, Uptown and Interstate 77. Lower South End is home to an emerging contingent of craft breweries, eclectic coffee shops, live music venues and a wide variety of restaurants, all of which provide residents with a multitude of walkable options.
Modera LoSo, which is built to and pursuing an NGBS Green® Certification at the Silver level, offers studio, one-, two- and three-bedroom homes with den layouts available and a spacious average size of 946 square feet. Community amenities include an elevated resort-style pool with sundeck and cabanas, four distinct outdoor courtyards with grilling areas, fire pit and lounge seating, an eighth-floor indoor and outdoor sky lounge, fourth-floor clubroom with demonstration kitchen, hotel-inspired first-floor lobby with coffee station, onsite pet park and pet spa, game room, conference room, coworking spaces with private workstations, and dual club-quality fitness centers that include spin bikes and a yoga/Pilates studio. Residents will also have access to a secure package room, controlled-access garage parking, controlled guest access technology, EV charging stations, dedicated bike storage and additional resident storage.
Home interiors feature a choice of designer kitchen finishes, oversized windows, stainless steel appliances, quartz countertops, tile backsplashes, hardwood-inspired flooring, custom cabinetry, designer lighting, keyless entry system, spacious bedrooms with large closets and in-home washers and dryers.
Select homes include nine-foot ceilings, large chef’s islands with built-in storage, separate dining areas, dual-entrance bathrooms with pass-through closets, designer bathrooms with double vanities, quartz countertops and backlit mirrors, spa-like soaking tubs, frameless glass showers with tile surrounds, built-in storage and shelving and private patios or balconies.

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