TPP Fund will capitalize on the wealth potential of real estate investments in a promising urban neighborhood
TPP Real Estate Development Fund, LP (TPP Fund) was formed to create investor wealth and positive impact by acquiring, developing, selling and managing market rate, transit-oriented multifamily housing and mixed-use properties in underserved urban markets.
TPP Fund's current focus neighborhood is Tioga, located adjacent to the Temple University Health Sciences Campus in North Philadelphia.
- TPP Capital Management Group, LLC has site control over 127,980SF of vacant land in 41 parcels.
- TPP Fund will raise $100M.
- Construction work will begin when the Fund has $7.5M.
- The planned term of the Fund is 8 years.
- Minimum investment is $100K for accredited individuals; $250K for institutional investors.
The investment opportunity is structured to combine income, principal investment growth and elements of capital preservation. Investors will profit from the sale of condominiums and the leasing of residential, retail and office space.
A private offering of Limited Partnership Interests will begin in April 2018. Click the button below to visit the investor portal, where you can request access to the private placement memorandum.
3 advantages of investing in real estate via TPP Fund
Aggregated capital greatly enhances negotiation leverage by enabling TPP Fund to quickly close acquisitions. Other developers typically encounter delays because they must obtain institutional financing before they can close.
Experienced managers are directly involved in each investment, providing far more active management than a large institutional investor, and freeing investors from the time commitment and complexities of owning individual properties.
A proactive approach positions TPP Fund to take advantage of market opportunities, even in times of uncertainty, because Fund Managers constantly research market trends to inform their investment strategies and mitigate volatility.
Five major positive indicators point to attractive investment returns
TPP Capital's knowledge and research have identified significant wealth potential for investments in Tioga. Major positive indicators are 1) proximity to Temple University Health Sciences Campus, 2) expanding transit infrastructure, 3) increasing K-12 education options, 4) economic and demographic growth momentum, and 5) a politically favorable development environment.
Demand for housing near workplace: More than 5,500 people work on the Temple health campus, which spans 4 city blocks on Broad Street, between Allegheny and Venango. The campus includes Temple University Hospital, School of Medicine, School of Pharmacy, School of Dentistry, College of Public Health and a Shriners Hospital for Children. At present, the surrounding area offers no attractive options for moderate or higher income employees to live near their workplace.
Convenient public transportation: Existing transit options make it easy for residents to get to and from Center City without a car. The investment area is bookended by two Broad Street Line subway stations: Erie and Allegheny. The Erie station offers express service to Center City. SEPTA's bus routes 4 and 16 serve Broad Street. Two blocks south of the investment area are SEPTA's North Broad Regional Rail station and Amtrak's North Philadelphia station. A New York investment group has applied for a $20M grant to jump-start a $162M redevelopment project adjacent to North Philadelphia station.
Increasing K-12 education options: In addition to the public elementary school in Tioga (Kenderton K-8), Mastery Charter Schools operates two nearby elementary schools (Grover Cleveland K-8 and new for 2018-19, Mastery Prep K-2), a middle school (Gratz Prep) and a high school (Simon Gratz). Next Generation Ministries operates a private Christian school (Spring Garden Academy PreK-8). A new, $40M Cristo Rey High School is under construction in Tioga at 17th & Allegheny. This independent Catholic school follows a work-study model in which students earn money toward tuition through part-time employment at a partnering business.
senior housing rental units
market rate rental units
market rate condominiums
Strategic development plan for housing and mixed-use buildings
TPP Capital currently has site control over 41 parcels totaling 127,980SF of unentitled vacant land with existing public utilities in a 5-square-block area adjacent to the Temple University Health Sciences Campus. TPP Fund plans to develop 66 structures over 6 acres to provide market rate, workforce, transit-oriented multifamily housing and mixed-use properties.
Future acquisitions could increase the scale of this project. TPP Fund also will enter into joint ventures with other local developers through equity buy-ins on some projects in the area.
The development will add 494 residential units for rent or sale, as follows:
- 34 senior housing rental units
- 161 market rate rental units
- 253 market rate condominiums for sale
- 46 affordable condominiums for sale as workforce housing to meet the City of Philadelphia inclusionary requirement
The development also will bring the community 118,000SF of commercial/retail space and 20,000SF of office space, including but not limited to:
- Commercial space for a fresh food hub with 20-25 retail outlets offering fresh produce, fish, meats and ready-to-eat healthy prepared meals
- Space for a state-of-the-art commercial kitchen to be utilized for culinary medicine, teaching and nutrition education
- Co-working office space to attract companies and individuals involved in health, research and technology
'House of the future' to showcase world's most advanced home products and technologies
Glass House ExteriorThe Gravitas Glass House will be built on four levels plus a roof deck.
Glass House Master BedroomThe master bedroom with full bath is on the 2nd floor, along with two guest bedrooms and another full bath.
Glass House Living RoomAn open-concept living room is part of the entertainment space on the 4th floor.
Glass House KitchenA chef-inspired kitchen is part of the entertainment space on the 4th floor.
Glass House Movie AlcoveA movie alcove is part of the open-concept entertainment level on the 4th floor.
Glass House Entertainment AreaPart of the entertainment area on the 4th floor.
Glass House Conference RoomA work and conference space and a social sitting area are part of the business center on the 3rd floor.
The Gravitas Glass House will be a concept home showcasing the latest innovations in home automation and smart mechanical systems, building materials, finishes, furnishings, appliances and other products for the home. The building will serve as an educational resource for builders, architects, designers, manufacturers, city agencies, universities, schools and homeowners.
Local, regional and national companies are invited to participate as partners with TPP Fund to have their products or capabilities showcased.
The glass-walled building will be constructed in 2019 as a four-story, single-family “house of the future” available now. Amenities will include an elevator, radiant-floor heating in the baths, drought-tolerant landscaping, LED lighting, an electric car charging station and solar-powered utilities.
In addition to being open for educational tours, Gravitas Glass House will be used in several other ways. It will be the reception center for potential investors who want to tour the development area. It will be the sales center where potential buyers and their agents can meet with TPP Fund staff and view an array of available finishes. It will be the Tioga office of TPP Fund. And TPP Fund will host events in the entertainment spaces.
Gravitas Glass House will be built on grade with a “bottom side up” approach to the floor plan:
- 1stfloor: The Entry Level will have a home gym, endless pool, two-car garage, main entry foyer/mud room and rear private courtyard.
- 2nd floor: The Sleeping Level will have a master bedroom with full bath, two guest bedrooms and one additional full bath.
- 3rd floor: The Funds Business Center will have a private office, open shared work/conference space and a social sitting area.
- 4th floor: The Entertainment Level will have a movie alcove, a chef-inspired kitchen and an open concept dining and living room.
- Roof Deck: An extension of the Entertainment Level, it will have luxury amenities such as a gas fireplace and shaded pergola.
Companies interested in having their products or capabilities showcased in Gravitas Glass House may contact Anthony B. Miles, firstname.lastname@example.org, 1-800-214-8919.