WNC Community Preservation Partners
WNC Community Preservation Partners developed Rancho Niguel in Laguna Hills, CA. See more pictures
WNC Community Preservation Partners is WNC & Associate’s development arm. It was formed primarily to create exit strategies for owners and investors of multifamily communities older than 10 years. Through recapitalization these older communities are kept as affordable housing and deliver a new tax credit stream. With both WNC as developer and property manager, the properties receive a high level of commitment to safe and clean communities.
To achieve its high quality standards, WNC Community Preservation Partners draws on the collective experience of its 38-year-old parent company, which employs 60 professionals with experience in every facet of affordable housing. Preservation of older affordable communities is a specialized and relatively new issue within the affordable housing industry, with each community having complex and unique needs. The Community Preservation Partners staff brings to the table the necessary experience, knowledge and resources which can benefit the revitalization of these older projects. WNC Community Preservation Partners currently owns over 1,000 units with a total development cost of over $90 million.
WNC Community Preservation Partners is currently searching for redevelopment opportunities with the following characteristics:
- Strong or growing markets/communities
- Need for property redevelopment
- Repositioning of project through new ownership/management
- Rental assistance
- Current rents below market units
Interested parties may contact WNC at CPP@wncinc.com.