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Diversify with private credit and equity real estate investment funds that make non-concessionary impact investments to expand access for America’s working families to affordable, safe communities.
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Our Story
Aligning Purpose with Prosperity
DLP Capital is a private real estate investment firm driven to solve the affordable housing crisis through non-concessionary impact investments that target a greater ROI for purpose-driven investors: success with significance.
BHAG (Big, Hairy, Audacious Goal) and Mission
Positively impact and transform 10 million lives by funding the building of 5,000 Thriving Communities, becoming one of America’s 100 largest private companies.
DLP Capital finances the building of Thriving Communities through private credit and private equity real estate investment funds.
These funds simultaneously create solutions to America’s worsening affordable housing crisis while creating opportunities for investors to be part of that extraordinary impact, without sacrificing the potential for returns.
2006-2025
From a one-man real estate team to a vertically-integrated private real estate investment firm named to the Inc. 5000 list of America’s Fastest-Growing Companies for 13 consecutive years, DLP Capital’s story is one of relentless execution, entrepreneurial grit, and an unwavering commitment to impact.
1990
Don Wenner embraces entrepreneurship
Don begins selling donuts to his kindergarten classmates.
2006
Don launches his real estate career
Don Wenner launches a real estate brokerage and home flipping business, selling 200 homes, flipping 20 homes, and building a team of 10 dedicated employees.
2010
DLP launches property management division
DLP expands into the property management space and begins operating world-class multifamily communities.
2013
Launch of first investment fund
The launch of DLP Equity Fund I marks a turning point in the firm’s growth, signaling its entry into private real estate investing.
2014
Begin providing capital to real estate operators
The firm launches the DLP Lending Fund, allocating capital to real estate development firms in the form of senior-secured construction and bridge loans.
2016
St. Augustine becomes DLP’s corporate headquarters
Assets under management double, lending activity grows by 400%, and the DLP Income & Growth Fund is launched.
2020
DLP reaches $1 billion in AUM
DLP overseeing a portfolio of more than 10,000 apartment units while continuing to scale as a real estate developer, equity partner, and lender.
2021
The Elite Execution System is launched
Don publishes Building an Elite Organization, AUM doubles to $2 billion, DLP has nearly 2,000 investors, owns 15,000 apartment units, and adds The DLP Building Communities Fund and DLP Preferred Credit Fund to its offerings.
2022
DLP broadens its impact
DLP enters the banking sector with the acquisition of Community State Bank, later rebranded as sister company DLP Bank. The firm celebrates 10 years on the Inc. 5000 as one of America’s fastest-growing private companies.
2023
Don publishes Building an Elite Career
The firm achieves $5 billion in AUM and is honored for the 11th consecutive year on the Inc. 5000 list of America’s fastest-growing private companies.
2024
A milestone 10th year for the DLP Lending Fund
From its inception in 2014 to year-end 2024, the Fund distributed over $177 million 1 to its investors, while helping mission-aligned real estate sponsors deliver Thriving Communities to working families.
2025
DLP’s 13th Consecutive Year on the Inc 5000
Don recognized by Ernst & Young as one of Florida’s Entrepreneurs of the Year, underscoring strong leadership, vision, and commitment to addressing the nation’s affordable housing crisis.
Recognized Excellence and Impact
DLP Capital has been recognized industry-wide for innovation, leadership, and impact. These awards celebrate the dedication of our team and the trust placed in us by our investors and partners.
The verse of my life comes from Luke 12:48 “To whom much is given, much will be required.” I realize I have been incredibly blessed and I have a calling to make an impact on the lives of others.
Don Wenner
CEO & Founder of DLP Capital
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Values that Guide and Define Us
The work of DLP Capital is rooted in 10 core values that drive every decision we make. Integrity, excellence, and a commitment to community embody who we are and how we operate. These principles define our purpose and inspire us to create real opportunities for lasting positive change.
Driven for Greatness
We apply discipline to our thoughts and our actions, which leads us to put forth consistent effort and commitment doing the important proactive work despite the urgent priorities we face each day. We plan to win, and are prepared for volatility and challenges.
Living Fully
We prioritize living fully with a dedication to achieving optimal health in all aspects of life: faith, family, friends, freedom, fun , fulfillment, fitness, and finance. . We are intentional with our time, integrating the 8fs of our life to achieve our goals & God’s goals.
Passion and Perseverance: GRIT
We have the endurance and unshakable commitment necessary to achieve our visionary long-term goals.
Community
We elevate the greater good over individual interests, magnifying our impact and cultivating thriving relationships with investors, sponsors, residents, and our colleagues.
Authenticity
We are true to ourselves and others, steadfast in our beliefs and values. We hold ourselves and others accountable, fostering open dialogue to propel growth.
Prepared to Win
We apply discipline to our thoughts and our actions, which leads us to put forth consistent effort and commitment doing the important proactive work despite the urgent priorities we face each day. We plan to win, and are prepared for volatility and challenges.
Impact. Kingdom Impact
We share God's love and transformative power through our labor, serving everyone in God’s likeness. The world will know God more through our work and how we do it.
Twenty Mile March
We march towards clear, well-defined goals and objectives with unwavering focus, constantly evaluating our performance and course correcting as needed.
A Steward: Stewardship
We are guided by our commitments to those who trust us with their capital, their communities, and their careers.
Leadership: Servant Leadership
We lead with High Standards & Deep Devotion. We display as humble confidence as we build deep relationships and trust. We show the way through the forest, empowering growth, accountability, and a founder’s mentality, with team members regularly asking “What else can I do to achieve the desired results?”
What’s New and What’s Next
Stay connected with DLP Capital’s latest news, updates, and insights. From new initiatives to notable events and industry perspectives, discover what’s shaping our story today.
Join Our Purpose-Driven Team
Join a team where your professional growth directly contributes to meaningful change. DLP Capital offers a dynamic, collaborative environment where talented individuals can advance their careers while making a meaningful impact in the communities we serve.