Highland Property Development LLC is a leading company specializing in the acquisition and development of multi-family affordable housing. With a focus on revitalizing existing rental properties at risk of conversion to market rate housing, Highland aims to improve energy efficiency and enhance the community and lifestyle for its residents. Since its establishment in 2003, Highland has successfully acquired and redeveloped nearly 3,500 residential units across California and Texas, primarily involving substantial renovation of existing government-subsidized housing.
Under the leadership of founding principals Gary P. Downs and Kristoffer J. Kaufmann, Highland manages each stage of the development process, from property acquisition to long-term asset management. The company structures and finances its developments through a combination of federal low-income housing tax credits, tax-exempt bond financing, governmental loans, and rental subsidy programs. With a commitment to resident safety, security, and quality workmanship, Highland's affiliate, Highland Property Construction (HPC), acts as the general contractor for the majority of its redevelopment projects.
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