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.
Senior Secured Mortgage Fund that makes private credit investments to experienced real estate sponsors. Targets monthly passive income and annual returns of up to 10% for accredited investors.
Private Real Estate Investment Fund that invests in income-producing, attainable rental communities. Targets monthly passive income and annual returns of up to 12% for accredited investors.
Private Preferred Credit Fund that makes primarily equity (debt for tax purposes) and debt investments to preserve attainable rental housing. Targets monthly passive income and annual returns of up to 11% for accredited investors.
Private Real Estate Investment Fund that invests in all stages of development to build, improve, and manage attainable rental housing. Targets quarterly passive income and annual returns of up to 13% for accredited investors.
See how DLP Capital’s lending fuels real estate projects that transform communities. These stories highlight the creativity, determination, and results of the talented sponsors we work with.
Explore a selection of our recent transactions across lending, acquisitions, and investments — demonstrating our commitment to delivering momentum, certainty, and impact for real estate projects nationwide.
Our core value of Driven for Greatness is about adopting a growth mindset and consistently seeking out opportunities to learn. The Twenty is our way of helping you do just that, named after the core value that sets the tone for all we do: the Twenty-Mile March. Learn from our latest webinars, articles, podcast episodes, and more.
In his blog, Founder and CEO Don Wenner shares insights from the lessons he’s learned as a faith-driven CEO who has grown DLP Capital to be an Inc. 5000 Fastest-Growing Company for 13 consecutive years at just 40 years old. Learn not just from his own experiences as an entrepreneur, father, and husband, but the most important lessons he has learned from friends and mentors like John C. Maxwell, Lloyd Reeb and others.
From impact investing to building an extraordinary organization while being equally focused on an extraordinary family, Don Wenner’s Elite Impact Podcast covers it all. Learn valuable insights and hear incredible stories of leadership, impact, and more from Don and his guests.
Experience DLP Capital events anytime. Watch keynotes, panel discussions, and training sessions featuring industry leaders and experts driving innovation and impact.
Access DLP Capital’s complete webinar library, featuring quarterly fund updates, educational sessions, and special presentations designed to keep investors informed and inspired.
Read the latest DLP Capital quarterly report for the most recent performance of DLP Capital-sponsored funds, updates on current investments within the funds, stories of our impact in action, company insights, and more.
CEO Don Wenner has built a life—and a company—dedicated to transforming lives through access to safe and attainable housing. Today, DLP Capital is creating solutions to the affordable housing crisis, redefining community, and helping investors discover success with significance.
DLP Capital’s purpose-driven, non-concessionary impact investments create housing, jobs, connection, and opportunity for families across America. Discover more about how DLP invests with purpose.
Meet the visionary leaders committed to executing DLP’s vision of transforming the lives of both residents and investors through the building of Thriving Communities.
Stay inspired by the latest updates from DLP Capital. Explore how we’re driving meaningful change, earning recognition, and celebrating milestones as we continue building thriving communities across America.
At DLP Capital, work is more than a job—it’s a mission. Join a team dedicated to solving America’s housing crisis, building thriving communities, and creating opportunities for families across the country.
Our mission starts with connection. Reach out to our team or visit one of our locations to learn more about how DLP Capital is creating impact where it matters most.
From Apollo “Moonshots” to the Dream Apartments of Today
July 28, 2023
Market Updates
It's the mid-2960s in Titusville, Florida, a boomtown of aerospace engineers and astronauts immersed in the apollo space program.
A few years earlier, President Kennedy had declared it a priority to send Americans to the moon “before this decade is out.” At the Imperial Towers Apartments, situated directly across the bay from the Apollo launches, Neil Armstrong was said to have been among those visiting the cocktail lounge from where you could watch test launches. To get to work on the Apollo launches, apartment residents were ferried astronauts across the bay to Kennedy Space Center.
The journey to rebuild these historic towers, now called Dream Space Coast, was not without challenges. But, DLP Capital is beginning to reap the benefits of its multifamily investment in an astrotech market that seems to be going nowhere but up.
DLP Capital’s Journey of Discovery
Vintage ad for the new apartments: our elegant 225-seat restaurant and intimate cocktail lounge are the ideal setting for finest gourmet cuisine, expertly-prepared cocktails and the most pleasant conversation,” read the vintage ad for Imperial Towers, which also boasted, “the latest in central air conditioning and heating.
DLP Capital first saw the upside potential of this multifamily community in late 2018, acquiring the two-tower 182-unit complex, though DLP Capital knew it would need to put complex development expertise to work as the tower structures had “stressors” in their utilities’ infrastructure, i.e. plumbing, electric, etc.; the standards for apartment buildings in the emerging coastal towns of Florida in the ‘60s were not the same discriminating standards DLP Capital applies to all of its portfolio assets in the 2000s. When the last of the existing tenant leases expired in late 2019, DLP Capital went to work.
Going the Extra Mile with Development Expertise
“We took the interior walls and ceilings off of every single unit in one tower,” says Jim Boyce, President of DLP Capital Development and Construction. “We went the extra mile.” The second tower needed less extensive rehabilitation, but still DLP Capital conducted a full overhaul of all of those apartments as well, in addition to conducting cosmetic upgrades throughout the multifamily complex.
Extensive though the interior rebuilding/renovations were, however, DLP Capital gave due respect to the admirable exterior structures—meant to withstand the test of time. “They’re solid, nearly impenetrable cinder blocks from top to bottom,” added Boyce. “They don’t make them like that anymore. . . We knew that once we rebuilt the interiors, this would be a truly superior multifamily asset.”
National Register of Historic Places
"It is a pleasure to notify you that the National Park Service officially listed the above referenced property in the National Register of Historic Places on April 19, 2023. On behalf of [Florida’s] Secretary of State and our historic preservation staff, I congratulate you on achieving this formal recognition of the historic significance of this property. We appreciate your interest in preserving this important element of Florida’s cultural resources."
Dream Space Coast revitalized today
Not only are the completed towers now beyond compare structurally, but the Dream Space Coast community is today arguably the finest multifamily complex in the entire astrotech market near Kennedy Space Center and the dozen or so major, commercial space employers in the area. Following DLP Capital’s $22-million redevelopment, the complex is now also officially listed on the National Register of Historic Places.
The six-story, rebuilt multifamily towers at Dream Space Coast offer studios to two-bedroom apartments, both furnished and unfurnished, most with unobstructed views of space launches. Rents are generally priced under 30% of the local astrotech market’s median income, the community’s targeted renting demographic.
Amenities that continue the property’s rich history going forward include riverfront bench seating for out-of-this-world viewing of launches from SpaceX, NASA, Blue Origin, Lockheed Martin, and more. Along with smart features, the community will offer a riverfront pool and tranquility garden; waterfront workout classes and poolside yoga; and a resident center with billiards, poker tables, eCafe and business center. In addition, there is a cardio fitness center and cycle and yoga/pilates studios; valet dry cleaning and Amazon package center; pet park; and a beachfront kayak launch is expected soon.
In addition to the Kennedy Space Center, across the bay is also the Canaveral National Seashore including Playalinda Beach, which is home to more than 1,000 plant species, endangered and protected sea turtles, and 310 bird species. The 24-mile-long beach is the longest undeveloped beach on the east coast of Florida.
For more on our investment funds that feature multifamily assets, click here.
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