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.
Reimagining Jacksonville: One of Largest-Ever Urban Core Revitalizations in US, Valued at $2+ Billion
September 20, 2023
Market Updates
DLP Capital Joins with JWB Real Estate Capital to Sponsor Gateway Jax
It’s not every day that a development team gets to reimagine the downtown of a major city. But that’s exactly what Gateway Jax—a commercial real estate company sponsored by DLP Capital and JWB Real Estate Capital—is beginning to do. We’re reimagining Jacksonville, one of Florida’s top cities, and yesterday we unveiled our exciting vision and plans for redeveloping and reenergizing the core of its downtown. We have acquired 22 acres of Jacksonville’s downtown—amassing buildings and development sites that span 20+ city blocks, with plans for $500 million of mixed-use build-out in a first phase. Our plans are for impactful, mixed-use development that will create 18-hour vibrant neighborhoods.
Gateway Jax’s redevelopment will mark one of the largest-ever urban-core revitalizations in the US, in terms of its geographic span, and will complement already-existing initiatives by the city to spur on new decades of economic vitality.
We expect to break ground on our first developments—multifamily and retail— in mid-2024, with the total build-out of current sites estimated at $2+ billion over the next decade. Jacksonville, one of Florida’s top cities, is a growing economic driver in the state as businesses and new state residents seek alternatives to increasingly unaffordable regions of the country. The city boasts among the lowest costs of living in Florida and an enviable lifestyle; is home to Fortune 500 companies and leading universities, including a recently announced University of Florida graduate campus; and the city serves as an international multimodal hub with the Port of Jacksonville. Gateway Jax seeks to significantly impact the city with our developments providing enormous economic, social, and resident benefits.
“Creating thriving communities is at the core of our decades of development expertise, and there’s no better place to engage that expertise than in our own backyard of Jacksonville,” said Don Wenner, Founder and CEO of DLP Capital. “Any builder can build space; we invest in and build communities that serve America’s workforce families. In the case of Jacksonville, with the support of the city’s residents, we plan to polish the underlying gem to help it shine brighter.”
Said Bryan Moll, CEO of Gateway Jax, “Gateway Jax will make an impact far beyond any buildings that we’ll build, with our redevelopment initiatives adding to the vibrancy of downtown Jacksonville. We plan to create thriving, walkable neighborhoods that create a sense of place, attracting residents and workers who’ll be able to find everything they need within the city’s core. Jacksonville is the gateway to Florida and a key to the state’s economic future, and the city is on the cusp of an unheralded transformation.”
Gateway Jax’s leadership previously spearheaded Water Street Tampa, the $4-billion development revitalization of Tampa’s waterfront and the National Landing development—site of Amazon’s HQ2—in the Washington, DC area.
The greater Jacksonville metropolitan area has a population of 1.68 million, with 500 people moving to the city every week, drawn to a strong job market, 220+ days of annual sunshine, and no personal state income tax. The city boasts a well-educated workforce with a median age of 36, and area industries range from financial services, advanced manufacturing, and logistics, to IT, health and biomedical, among others. There are more than 85 daily non-stops flights into Jacksonville International Airport, with its recently announced $400-million expansion further adding to commerce.
At Gateway Jax, the initial development activity will center around the North Core district of Jacksonville’s downtown, within the central business district and just north of City Center. Pending city approvals, our near-term plans include development of three buildings along Pearl Street that will offer 1,000+ multifamily units, more than 120,000 square feet of grocery-anchored retail, and a variety of new public spaces that encourage community interaction. These sites are expected to be within proximity to the newly announced $400-million graduate campus that the University of Florida plans to build in the downtown Jacksonville vicinity. The prestigious university is ranked #5 in the nation among public universities. JWB Real Estate Capital and DLP Capital are each donating $500,000 to development of the new campus.
We’ll create dynamic, walkable neighborhoods that will invigorate downtown Jacksonville. Streetscape designs will encourage connectivity including public spaces, courtyards, and sidewalk cafes.
Gateway Jax’s critical mass, spanning 20 city blocks, will create dynamic and interconnected, walkable neighborhoods that will invigorate downtown Jacksonville. Streetscape designs will encourage connectivity including public spaces, courtyards, and sidewalk cafes. In addition to multifamily and retail, future development phases are expected to include office, hotel, and other mixed-uses. Development goals will also include creating pedestrian flows along green corridors leading to the public waterfront’s cultural and recreational amenities, complementing the city’s 30-mile Emerald Trail that will encircle the urban core. Our development will also pay homage—through design, art, and architecture—to the rich history and culture of micro-neighborhoods.
DLP Capital is providing the majority of capital for the Jacksonville developments through its private evergreen funds that invest in building thriving communities.
Added Alex Sifakis, President of JWB Real Estate Capital, a sponsor of Gateway Jax, “We will complement the phenomenal initiatives already begun by the City of Jacksonville and its Downtown Investment Authority, which jump-started Jacksonville’s revitalization, helping to round out their initiatives and that of so many others that see the enormous potential that Florida’s biggest city has to offer.” JWB initially acquired the majority of the downtown properties that have since segued into the Gateway Jax portfolio.
The Gateway Jax track record of leadership success not only includes the $4-billion Water Street Tampa mixed-use development and National Landing mixed-use project underway in Arlington with Amazon’s HQ2, but prolific community development on a regional level. As Gateway Jax sponsors, DLP Capital and JWB Real Estate Capital have long built reputations on impactful community development in Florida. That includes building quality and affordable single-family and multifamily rental communities for area workforces spanning from the Jacksonville and St. Augustine areas, south to Orlando. DLP Capital and JWB Real Estate Capital are also very active in philanthropic and community initiatives aimed at improving the lives and livelihoods of Floridians, as well as residents of other communities across the US.
More about DLP Capital DLP Capital is a private, diversified real estate investment firm. The firm’s core focus is on investing in, developing, and financing attainable housing for America’s workforces, including multifamily and single-family rental homes, along with related investments including RV resorts, among other live-work-play communities aimed at enhancing the lives of working Americans. The firm’s portfolio is capitalized via a series of evergreen investment funds for accredited investors, each of which has provided superior year-over-year consistent returns since inception. With more than $5 billion of assets under management, DLP Capital has been on the Inc. 5000 list of “Fastest Growing Private Companies in America” for 11 consecutive years. Through its exclusive membership platforms focused on wealth legacy and business scaling—including its proprietary Elite Execution System—DLP Capital empowers its clients and impacts lives while fulfilling a core mission of the firm: Doing well while doing good. DLP Capital is headquartered in St. Augustine, FL, with offices in Allentown, PA and Asheville, NC. Visit DLPCapital.com.
More about JWB Real Estate Capital JWB Real Estate Capital was founded in 2006 in Jacksonville and has grown into one of the premier development companies in Northeast Florida. Its core business is providing passive real estate investments for its clients across the globe, and JWB currently has over $1.3 billion of assets under management for those clients. JWB is a leader in the affordable housing space, building hundreds of affordable rental homes every year and is currently developing over 2,300 single family lots and 1,300 multifamily units. With over 5,400 units under management, affiliated company JWB Property Management is the largest single-family property management company in Jacksonville. JWB is very proud that over 90% of the rental units it manages are affordable to households making 80% or less of the Average Median Income (AMI). JWB has been named to the Inc. 5000 list 11 times, named a Best Places to Work eight times, and in 2022 was named a Florida EY Entrepreneur of the Year award winner. For more information visit www.JWBRealEstateCapital.com.
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