CPP Completes $35.6M Rehabilitation of Affordable Housing Community Near Sacramento
ANTELOPE, CALIF. — Community Preservation Partners (CPP) has completed the rehabilitation of Danbury Park Apartments, a 140-unit affordable housing community in Antelope, approximately 15 miles north of Sacramento. Located at 7840 Walerga Road, the community consists of 84 two-bedroom and 56 three-bedroom apartments. The $35.6 million rehabilitation includes an $18.5 million purchase and nearly $5 […]
CPP Completes $33.6 Mil Rehabilitation of 140-unit Affordable Housing Community in Antelope
Community Preservation Partners (CPP) has completed a major renovation at Danbury Park Apartments, a 140-unit affordable housing community in Antelope, CA. The total $35.6 mil project includes an $18.5 mil purchase and nearly $5 mil in construction.Danbury Park Apartments is located at 7840 Walerga Rd, about 15 miles north of Sacramento. The community consists of […]
Quick Close Pushes San Jose Portfolio Past 1,000 Homes
We are pleased to announce our latest acquisition in San Jose – the Lenzen Square multifamily apartment community. The $20.75 million purchase adds 88 units to our San Jose portfolio – which also includesCourtyard Plaza Apartments,Monte Vista Gardensand the 700-unitEl Rancho Verde– pushing the total city footprint over 1,000 homes. The Lenzen Square deal came […]
CPP Announces Purchase, Renovations for Royal Arms
The California based company Community Preservation Partners has officially announced its purchase of the Royal Arms apartments in Front Royal and plans for the property over time. CPP is an affordable housing rehabilitation company that owns more than 7,200 units and has over $1.5 billion invested in communities across the United States. Its $9.5 million […]
Community Preservation Partners Buys Downtown San Jose’s Lenzen Square Apartments for $20.75MM
A subsidiary of Irvine, Calif.-based property management company WNC Inc., Community Preservation Partners (CPP) is fulfilling its mission to became more actively involved in the Bay Area with the recent acquisition of downtown San Jose’s Lenzen Square apartment complex. CPP bought the 88-unit community, located at 790 Lenzen Ave., from Lenzen Housing L.P., an entity […]
Affordable VA Community Commands $10M
Community Preservation Partners (CPP) has expanded its East Coast portfolio by 144 units following the acquisition of Royal Arms in Front Royal, Va. The 9.5 million transaction marked the rehabilitation company’s second purchase of an affordable housing property in the state. Last year, CPP acquired The Belt Atlantic in Richmond, where it began a substantial […]
Community Preservation Partners Acquires Second Affordable Housing Community in Virginia
IRVINE, Calif. (Feb. 26, 2019) – In a deal that adds 144 multi-family units to its portfolio on the East Coast, Community Preservation Partners (CPP) is pleased to announce the $9.5 million purchase of Royal Arms in Front Royal, Va. A rehabilitation specialist, CPP will begin an $8 million renovation on the property this winter […]
CPP Completes $35.6M Rehabilitation of 140-unit Affordable Housing Community in Antelope, Calif.
IRVINE, Calif. (May 3, 2019) – Following a major renovation designed to enrich the lives of 140 low-income families, Community Preservation Partners (CPP) today announced the completion of work at Danbury Park Apartments in Antelope, Calif. The total $35,613,373 rehabilitation includes an $18.5 million purchase and nearly $5 million in construction. The upgrades to the […]
Boston’s Affordable Housing Market: An Insider’s View
Five years ago, Boston Mayor Martin Walsh released a comprehensive plan designed to address the housing needs of the city’s growing population. Local authorities talked about the necessity to create 53,000 new units of housing for various income levels by 2030. In 2018, the figures were updated because the population was growing faster than expected—Boston’s […]
Experienced Affordable Housing Manager Joins Community Preservation Partners
IRVINE, Calif. (Jan. 9, 2019) – John Fraser, an accomplished affordable housing executive with a decade of experience in mixed-use development, has joined Community Preservation Partners (CPP), a rapidly growing developer and rehabilitation specialist with more than 7,200 units in eight states, as its new senior project manager. Fraser comes from The Community Builders in […]