With a vision to transform affordable rental units into homes, founding principals Bill Rice and Kristoffer Kaufmann established Highland Property Development in 2003. The firm's inauguration converged with the acquisition and redevelopment of its first two communities: Willow Oaks and Oroville Apartments. Since this initial transaction, Highland Property Development has continued to grow and strengthen its staffing in the areas of due diligence and asset management.
Highland Property Development LLC, with structuring assistance from Highland Property Advisors, has completed the acquisition and rehabilitation of 35 "at-risk" USDA Section 515 properties comprising 2,042 housing units for families and seniors. The properties will continue their affordability for at least another 55 years.
Click here to view the timeline that chronicles the birth and evolving progress of Highland Property Development.