Monday, September 21, 2015

WNC’s Community Preservation Partners to Acquire and Renovate Plaza Townhomes in Portland, OR



Anand Kannan
PORTLAND, OR,  Sept. 21, 2015 – WNC, a national investor in real estate and community development initiatives, announced today that its subsidiary, Community Preservation Partners LLC, has entered into an agreement to purchase Plaza Townhomes, an affordable housing community located at 5802 N. Michigan Ave., in Portland, Ore.

Community Preservation Partners will begin renovations at the community upon acquisition, and is expected to complete more than $3 million in upgrades to the property.

“Community Preservation Partners is committed to preserving the stock of affordable housing in the U.S., which continues to fall far short of growing demand,” said Anand Kannan, president of WNC’s Community Preservation Partners, LLC. “We are thrilled to expand our reach to Portland, Oregon, with this acquisition as we seek to expand our preservation efforts throughout the nation.”

Jack Aronson, director of development acquisitions, is leading the acquisition on behalf of Community Preservation Partners.

For a complete copy of the company’s news release, please contact:

Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703


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