Company founded
1988
Heartland Properties, Inc. ("Heartland") was formed in 1988, by WPL Holdings to invest in affordable housing within the Wisconsin Power & Light Company service territory. Beginning in 1993, Heartland expanded operations to serve other corporate investors throughout the Midwest. Heartland's sister company, Capital Square Financial Corporation ("Capital Square") provides construction and permanent financing for affordable apartment homes for seniors, families and persons with special needs. Together, Heartland and Capital Square have sponsored and performed asset management for more than 5,300 units of high-quality affordable housing representing over $325 million in development assets.