Community Preservation Partners (CPP) has recently acquired Lexington Green Apartments, an affordable housing complex located in El Cajon. In partnership with The Hampstead Companies, CPP plans to renovate the property and make it a cornerstone of the community. This is CPP’s second acquisition in El Cajon, following their successful purchase of Park Villa Apartments.
The complex features 144 units spread across 12 two-story buildings. With a total development investment of $80 million, including the purchase price of $52.88 million and estimated renovation costs exceeding $80,000 per unit, CPP is committed to revitalizing this important community asset.
According to Evan Cramer, assistant development manager at CPP: “Lexington Green Apartments perfectly aligns with our mission to strengthen neighborhoods by providing affordable housing options for residents.” He also expressed his hope that through these renovations and upgrades, Lexington Green will continue to be a source of pride for its residents for years to come.
This latest acquisition further solidifies CPP’s commitment towards creating sustainable communities through quality affordable housing options.
