Preservation effort extends long term affordability and delivers critical upgrades for residents
MILWAUKEE, Feb. 19, 2026 (GLOBE NEWSWIRE) -- CPP?(Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned rehabilitation of Highland Park Apartments in Milwaukee, Wisconsin.
Located at 1600 W. Highland Avenue, west of downtown Milwaukee, Highland Park Apartments is an established affordable housing community with a long record of stable occupancy. Built in 1973 and renovated in 2009, the property includes 150 apartment homes across three three-story brick buildings. The unit mix consists of 100 one-bedroom units and 50 two-bedroom units, serving Milwaukee residents with access to quality, well maintained housing. The total development cost is approximately $38M, which includes the purchase price of $14M and estimated renovation costs of approximately $68,982 per unit...
...more
Leo`s notes: CPP’s $38 million acquisition and rehabilitation of Highland Park Apartments underscores the importance of preserving existing affordable housing. With occupancy above 98% and deep Section 8 affordability, the project protects 150 workforce homes while upgrading long-term quality and efficiency. In today’s market, preservation IS production...
Share this article on your social outlets
Our Sponsors
- - Volume: 26 - WEEK: 9 Date: 2/23/2026 11:10:38 AM -