TREDYFFRIN — PPR Capital Management, a Chester County-based private equity real estate investment firm has announced the launch of a new charitable initiative.
The firm’s new PPR Prosperity Foundation will support organizations dedicated to advancing access to affordable housing, with a particular focus on veteran housing and services — through direct charitable contributions and community partnerships.
“We want to address the affordable housing crisis in the U.S. 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,” Steve Meyer, CEO of PPR Capital Management, said in a statement.
“PPR stands for purpose, prosperity and relationships, because at the core, that is what we’re all about. While we’re in the investments business and seek to provide prosperity to our investors, our goal extends far beyond financial returns.”
The foundation’s first donation of $10,000 was made to the Kerrville Area Rebuilding & Recovery Fund to support flood relief efforts in Texas. Individual employee donations added to the donation, according to a Sept. 3 press release announcing the initiative.
“The foundation’s approach reflects PPR’s broader investment philosophy, which prioritizes keeping families in their homes rather than pursuing aggressive foreclosure strategies,” the release stated.
Supporting Veterans through Partnership and Action
A cornerstone of the PPR Prosperity Foundation will be its partnership with Veterans Villages of Philadelphia, where PPR employees will contribute both financial support and volunteer efforts, the company said. Those efforts will include hands-on community service — assistance with light repairs, painting, and landscaping.
Meyer said 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
PPR Capital Management supports 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, the company said.
“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,” Meyer added. “This foundation allows us to create lasting partnerships and make a sustained impact on the issues that matter most to our communities.”
Founded in 2007 and headquartered in Tredyffrin Township, Chester County, PPR Capital Management is a private equity real estate investment firm with more than $1 billion in assets under management. The firm manages investment offerings that primarily invest in distressed assets and mortgages, as well as residential and commercial real estate throughout the U.S.