St. Augustine, Fla. – DLP Capital, a private real estate investment and financial services firm, announced that WealthManagement.com selected its Building Communities Fund as the 2023 winner for New Product Development. The “Wealthies,” as the prestigious awards are known, honor outstanding achievements by companies, organizations and individuals that support financial advisor success. A record-breaking number of nominations were submitted, with over 1,000 entries from more than 400 companies. DLP Capital joins the distinguished ranks of 2023 winners, which includes BlackRock, Fidelity Investments, Franklin Templeton, and J.P. Morgan, among others honored. The best in each category were selected based on quantitative measures of their initiatives—such as scope, scale, and adoption—along with qualitative measures, such as innovation, creativity and new methods of delivery.
Noted Wealth Management Group’s David Armstrong, Director of Editorial Strategy and Operations, “The mission remains the same: to recognize and celebrate the outstanding initiatives undertaken by companies and individuals that contribute to the success of financial advisors in their businesses and foster improved outcomes for their clients."
The DLP Building Communities Fund is an evergreen fund focused on debt and equity investments in single-family and multifamily rental housing and related assets. The fund’s primary strategy is to positively impact the workforce housing crisis in America through ground-up development and construction of workforce rental communities. DLP Capital’s goal is to provide safe, clean, and attainably priced housing to 250,000 residents, through 100,000 workforce housing units, while providing these families with a path to prosperity. The DLP Building Communities Fund focuses primarily on secondary and tertiary markets in the U.S. Sun Belt region and on growth-oriented investments structured to provide limited volatility and tax shelter to investors.
“This award shows that our DLP Building Communities Fund ranks among those managed by the highest-caliber investment managers in the world, in terms of its mission and creativity,” said Don Wenner, Founder and CEO of DLP Capital. “We continue to create innovative investment management solutions, while empowering the workforces of America that we help to house.”
"This year’s winners hail from various types of firms, yet they all share a common trait—they are the architects behind the programs, tools and platforms that empower financial advisors to grow their businesses, enhance client service, and elevate the financial prospects and quality of life for millions of investors,” added Armstrong.