Development Timeline

July 23, 2003 - HPD LLC acquires Willow Oaks (60 family units, Willows, CA) and Oroville Apartments (62 family units, Oroville, CA), both USDA RD 515 properties.

March 23, 2004 - HPD acquires Spring Apartments (64 family units, Brawley, CA) and Encino Village Apartments (32 family units, Brawley, CA), both USDA RD 515 properties.

August 30, 2004 - HPD acquires Oroville Manor ( 72 Senior units, Oroville, CA), a USDA RD 515 property financed under the City of Oroville's Redevelopment Agency and Home funds from the Department of Housing and Community Development ("HCD).

December 23, 2004 - HPD acquires Noble Creek Apartments, two contiguous properties (108 family units in Beaumont, CA), both USDA RD 515 properties.

November 23, 2005 - HPD acquires Clearlake Apartments (72 family units in Clearlake, CA) financed under the USDA RD 515 program.

November 23, 2005 - HPD acquires Valley Terrace, (48 family units in Corning, CA) financed under the USDA RD 515 program.

April 27, 2006 - HPD acquires Casa West and Casa del Sol I & II Apartments (48 senior units and 108 family units respectively in Desert Hot Springs, CA), financed with Proposition 46 MHP funds.

October 11, 2006 - HPD acquires Villa del Este Apartments, Phase I and II (100 family units in Calexico, CA), under the USDA RD 515 preservation program, using Proposition 46 MHP and HOME funds.

November 9, 2006 - HPD acquires Summerwood, Sunset West and Sunrise Apartments (one 50 unit property in Coachella, CA and two 50 unit properties in Blythe, CA). With the assistance of tax-exempt bonds, Proposition 46 MHP funds, USDA RD 515 debt and tax credit equity, Highland substantially rehabilitated all three properties, dedicating $45,000 to the refurbishment of each unit.

November 8, 2007 - HPD acquires Alturas Meadows Apartments (48 units in Alturas, CA) financed under the USDA 515 preservation program using Proposition 1C MHP funds.

November 8, 2007 - HPD acquires Cedarwood Apartments (38 units in Fall River Mills, CA) financed under the USDA RD 515 preservation program using Proposition 1C MHP funds.

December 27, 2007 - HPD acquires Twentynine Palms Apartments (48 units in Twentynine Palms, CA) financed under the USDA RD 515 preservation program, supported by a HUD HAP contract.

February 21, 2008 - HPD acquires Rio Linda Manor (66 senior units in Sacramento, CA) financed with the assistance of the Sacramento Housing and Redevelopment Agency. This transaction is Highland's first market rate to affordable housing conversion.

March 27, 2008 - HPD acquires Desert Breeze Villas (70 units in Blythe, CA) with the cooperation of HCD and the City of Blythe.

January 1, 2010 - HPD acquires Placerville Apartments (84 units in Placerville, CA), a USDA RD 515 property.

January 14, 2010 - HPD acquires Shannon Bay Apartments (50 units in Rocklin, CA) a USDA RD 515, 538 property.

May 21, 2010 - HPD acquires Oak Tree Apartments (40 units in Temecula, CA) a USDA RD 515 property.

August 2, 2010 - HPD acquires Boles Creek Apartments (50 units in Weed, CA) a USDA RD 515, 538 property.

August 25, 2010 - HPD acquires Manzanita Hills and River Gardens Apartments (268 units combined in Anderson, CA) a USDA RD 515, 538 property.

December 17, 2010 - HPD acquires Baldwin and Squaw Valley Apartments (73 units combined in Blythe, CA) a USDA RD 515, 538 property.

April 28, 2011 - HPD acquires Silsby Gardens Apartments and Sunwest Villas (101 units combined in Yucca Valley, CA) both HUD properties.

June 24, 2011 - HPD acquires Red Oak Apartments (116 units in Red Oak, TX) a USDA RD 515 property.

July 5, 2011 - HPD acquires Sunnyslope Apartments (33 units in Yucca Valley, CA ) a USDA RD 515 property.

December 16, 2011 - HPD acquires Susan River Apartments (41 units in Susanville, CA) a USDA RD 515, 538 property.

December 16, 2011 - HPD acquires Pleasant Valley and Wien Manor (80 units in Avenal, CA) both USDA RD 515, 538 properties.

December 16, 2011 - HPD acquires Oak Glenn and Oakcreek Apartments (69 units combined in Willits, CA) both USDA RD 515, 538 properties.

February 9, 2012 - HPD acquires Castle Manor Apartments (62 units in Corpus Christi, TX) a HUD

February 9, 2012 - HPD acquires Key Largo Apartments (132 units in El Cajon, CA) a HUD property.

February 9, 2012 - 2012 HPD acquires Tara Glenn Apartments (80 units in Coalinga, CA) a USDA RD 515 property.