The session began with an overview of the Fund’s recent performance, highlighting its continued development of communities across high-growth Sunbelt markets and progress being made across several active projects.
Don and the team provided context around the Fund’s transition from an open-ended to closed-ended structure, explaining how this change is intended to better align the Fund’s development strategy with long-term investment opportunities. The group also discussed potential tax advantages* associated with the new structure, as well as enhanced depreciation benefits and greater flexibility to optimize hold periods and disposition timing. These changes are intended to support the Fund’s ability to create long-term value for investors.
The team then walked through the key changes investors could expect as part of the transition, including the options available to existing investors and considerations that could influence each decision.
Attendees then had the opportunity to hear directly from Don and the leadership team during a Q&A, gaining additional perspective on the Fund’s transition, investment strategy, tax considerations, and path forward.
*DLP Capital is not providing and does not provide tax advice in connection with the Funds. Please consult your tax advisor.