The DLP Housing Fund’s primary strategy is to positively impact the workforce housing crisis in America by investing equity in multifamily rental communities.

Our goal is to provide safe, clean, affordable housing to 250,000 residents through 100,000 affordable workforce housing units while providing these families with a path to prosperity.

The $1 billion Fund will make this impact through investments in the acquisition, management, and improvement of income-producing rental communities. The Fund is structured to provide consistent monthly returns, strong growth, limited volatility, and tax shelter to its investors. Our focus is primarily in secondary and tertiary markets in the Sunbelt region.


  • Monthly distributions
  • A tax-advantaged evergreen private REIT
  • Targeted annual returns of 10-12%

Accredited Investors only*

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Fund Highlights

  • Open-ended, private real estate fund that enables the manager to acquire longer hold assets designed to provide greater returns to investors.
  • Tax-sheltering as investors benefit from depreciation on real estate, offsetting taxable income and the ability for the fund to enter into 1031 tax-deferred exchanges.
  • Annual valuation of DLP Housing Fund assets allows for consistent growth and the ability to invest based on the most current value of the fund and assets.
  • Annual redemptions provide the ability to exit/redeem in whole, or in part, based on investors’ timing without a long-term lockout or forced asset disposition and wind-down of the fund.
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Fund Overview

Fund TypeReal Estate Equity
Fund InvestmentsPrimarily equity investments into existing single-family and multifamily communities, mobile home and camp communities, and self-storage
Direct/Indirect SecurityReal Estate Ownership
Inception DateJanuary 2020
Fund TermEvergreen
Distribution FrequencyMonthly (Pref); Annual (EDC)
Management Fee2.0%
Annual Management Fee Rebate for Investments of $1M+**0.50%
Annual Management Fee Rebate for Investments of $10M+**1.0%
Preferred Return6%
Targeted Annual Net to Investor10-12%
Management Performance Fees20% upon achieving 6% preferred return
RedemptionsAnnual Redemption
Benefits of LeverageYes
IRA Investment OptionYes
Tax Shelter through DepreciationYes
Subject to UBITNo
Target Fund Size$2,000,000,000
Minimum Investment$200,000
Manager Co-investmentMinimum 5% Committed Capital
Must Be AccreditedYes
Tax Reporting MethodK-1
Audited FinancialsYes; CohnReznick
Institutional OptionYes
Reporting FrequencyQuarterly

Past performance is not a guarantee of future performance.

* Accredited Investor Definition: For an individual to be considered an accredited investor, he or she must have a net worth of at least one million U.S. dollars, not including the value of one’s primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year.

**Management fee rebates of .5% for >$1M investment and 1% for >$10M investment are per account, per fund, based on a minimum annual investment balance-as of April 1st for the 2023 calendar year; per calendar year thereafter.

Risk Disclaimer: Investing in private real estate funds and notes secured by real estate has certain inherent risks, which could result in the loss of some or all of your principal investment.

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