Seth Gellis, VP of CPP East, Featured in Interview with Authority Magazine

Authority Magazine’s Jason Hartman conducted an in-depth interview with CPP Senior Vice President Seth Gellis for its series, “How We Are Helping To Make Housing More Affordable.” Read on to learn more about Seth, who heads up our Eastern Division, including some interesting stories, his favorite life lesson from Steve Jobs, and most importantly, why we believe […]

CPP Housing Invests $12.3M to Preserve, Revitalize Family-Oriented Community in Bedford County, Tennessee

Community Preservation Partners (CPP Housing), a national affordable housing developer committed to creativity, performance and purpose, today announced the acquisition of Bedford Manor Apartments in Shelbyville, Tennessee for $6.1 million. Built in 1968, the 108-unit multifamily community is home to more than 230 Bedford County residents who will receive a long-overdue remodel of their interior […]

Winton Gardens Towers – Silver MHN Award Winner for best transaction (Multi-Housing News)

Community Preservation Partners (CPP) is proud to have been recognized twice by the Multi-Housing News 2020 Excellence Awards, bringing home Silver awards in both the “Development Company of the Year” and “Transaction of the Year” categories. The MHN Excellence Awards recognize the best projects, people and transactions in the multifamily housing industry, with winners chosen by a […]

L+M, Community Preservation Partners Undertake $123 Million Rehab of South Orange Complex

L+M Development Partners and Community Preservation Partners (CPP) have acquired an affordable housing in East Orange, New Jersey, for $94 million, with plans to invest $29 million to rehabilitate it. L+M Development, based in Larchmont, New York, and Community Preservation Partners, headquartered in Irvine, California, in a joint venture have purchased the 406-unit Norman Towers […]

CPP, L+M launch $123 million rehab of East Orange senior housing complex

A joint venture has started construction on a $123 million overhaul of a 40-year-old, 406-unit affordable housing property in East Orange. The investment group, which includes Community Preservation Partners and L+M Development Partners, announced this week that they’ve purchased the Harman Towers complex on Walnut Street for $94 million and will invest mare than $29 […]

$24.5M rehabilitation of Lawrence Avenue Apartments in Potsdam now complete

POTSDAM — Less than a year after acquiring the 137-unit Lawrence Avenue Apartments in Potsdam, Community Preservation Partners (CPP) has completed its $24.5M rehabilitation of the property. At the time CPP acquired the community, 20 of the dwellings had been in ruins for months following a fire. “We’re very pleased to continue our momentum in […]

CPP Enters a New State With an Acquisition in Montana

Community Preservation Partners (CPP) has acquired its first property in Montana —the Ponderosa Acres Apartments located in Billings — in partnership with The Hampstead Cos., as part of a rehabilitation project totaling $26.3 million.First built in 1972 and last renovated in the late 1990s, the multifamily apartment property was purchased for $12.5 million. The property […]

Community Partnerships Pull Through for CPP Residents

A little bit of help can go a long way in troubled times. Few know this better than the elderly residents at CPP’s Golden West Tower apartments in Torrance.  That’s where the good folks ofProject Access, which has long provided services to seniors at the complex, are providing an additional outpouring of support during the […]