DLP Real Estate Capital, a private real estate investment firm headquartered in St. Augustine, Florida, said it has surpassed $2 billion in capital under management (CapUM) across its sponsored real estate credit and equity funds. The firm said the CapUM total spans strategies including the DLP Housing Fund, DLP Lending Fund, DLP Preferred Credit Fund, DLP Building Communities Fund, and DLP LivingFully Community Fund.
The company also reported more than $5.5 billion in assets under management (AUM) and said the milestone comes roughly two decades after its founding in 2006 and a little more than a decade after launching its first sponsored equity fund in 2013. DLP Capital attributed its growth to longstanding investor support, noting it serves nearly 4,000 investor families.
DLP Capital said it plans to continue financing the development of “Thriving Communities,” which it described as attainable multifamily housing projects intended to be affordable for working families in high-demand markets. The firm said it is currently approved to lend in 37 states and provides capital solutions that include senior loans, mezzanine financing, and preferred equity for mission-aligned, institutional-quality real estate sponsors.
In addition to its capital markets activity, DLP Capital said it also operates as an owner and operator, with more than 26,000 units owned. The firm said more than 17,000 units are in operation, with approximately 9,500 units in various stages of construction, development, and pre-development. Over its operating history, DLP Capital said it has developed, acquired, improved, and sold more than 6,500 rental units.
The company described its focus as investing in, developing, and financing multifamily and single-family rental communities for working families, and said it runs both open-ended and closed-ended private real estate investment funds for accredited investors.
KEY QUOTES:
“20 years after founding DLP Capital in 2006 and a little over a decade after launching our first sponsored equity fund in 2013, [the firm has] reached $2 billion in capital under management (CapUM) and over $5.5 billion in assets under management (AUM).”
“This is a watershed moment for DLP Capital. 20 years after founding DLP Capital in 2006 and a little over a decade after launching our first sponsored equity fund in 2013, we’ve reached $2 billion in capital under management (CapUM) and over $5.5 billion in assets under management (AUM). We’re endlessly grateful to the nearly 4,000 investor families2 who have trusted us to steward their wealth.”
“Our company is now the biggest it’s ever been and the smallest it will be. As we cross this momentous $2 billion milestone, we’re also thinking of the work that lies ahead. Closing America’s widening affordability and supply gap will require additional time, talent, and treasure. We endeavor to be the country’s best platform for all three ingredients.”
Don Wenner, Founder And CEO, DLP Capital
