As of January 2026, DLP Capital surpassed $2 billion in capital under management (CapUM) across four sponsored real estate credit and equity funds, reflecting the firm’s commitment to the building of Thriving Communities in markets where strong fundamentals align purpose with prosperity.
“This is a watershed moment for DLP Capital,” says Don Wenner, founder and CEO of the firm. “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 and over $5.5 billion in assets under management (AUM),”1 he continues. “We’re endlessly grateful to the more than 4,000 investors2 who have trusted us to steward their wealth.”
DLP Capital will continue to help investors pursue success with significance by financing the building of Thriving Communities—attainable multifamily housing projects that are affordable for working families—in high-demand markets across the country. DLP Capital is currently approved to lend in 37 states and provides senior loans, mezzanine financing, and preferred equity to mission-aligned, institutional-quality real estate sponsors.
Beyond providing capital, DLP Capital also functions as an operator. The firm owns over 26,000 units, with more than 17,000 units in operation and approximately 9,500 units in various stages of construction, development, and pre-development. Across its operating history, DLP Capital has developed, acquired, improved, and sold over 6,500 rental units.2
At this stage of its growth, DLP Capital is both the largest it has ever been and positioned for continued expansion. Reaching $2 billion in capital under management marks an important milestone, but the firm remains focused on the work that still lies ahead.
“Closing America’s widening affordability and supply gap will require additional time, talent, and treasure,” says Don.
DLP Capital will continue to build its platform with the goal of being a leading source for all three of these requirements.