$67.9M

DLP Capital Provides $67.9 Million in Financing for The Bailey Development in Rockwall, TX

DLP Capital is proud to announce the successful closing of a $67.9 million senior loan with Thompson Realty Capital (TRC). The financing will support the development of The Bailey, a Class A, podium-style multifamily mid-rise project in Rockwall, Texas.

This inaugural loan to TRC underscores DLP Capital’s commitment to partnering with seasoned developers who deliver high-quality housing in dynamic and growing markets across the Sunbelt and beyond.

About The Bailey

The Bailey will feature 263 one-, two-, and three-bedroom residences spanning over 224,000 square feet of living space.

Designed with community and convenience in mind, the project will include a three-story underground parking garage with 550 spaces, landscaped common areas, and walkable access to shops, dining, and entertainment in downtown Rockwall. Residents will also enjoy proximity to Lake Ray Hubbard, a 22,000-acre day-use recreational area¹ located just half a mile west of the site.

Construction is scheduled to begin in October 2025, with pre-leasing launching in mid-2027 and full completion anticipated by December 2027.

About Thompson Realty Capital (TRC)

TRC is a diversified real estate development company primarily

focused on the development and delivery of exceptional living experiences.

Thompson Realty’s first multifamily project was in San Antonio, Texas in 2001, and the company has developed and managed over 35 Class A multifamily communities in Dallas/Fort Worth, Austin, San Antonio, and Northern Virginia, totaling over 11,000 units.

In addition to multifamily housing, the company has developed and managed more than 2,000,000 square feet of commercial space, 5,000 acres and nearly 10,000 single-family lots.