On April 16th, DLP Capital hosted a webinar exploring the DLP Living Fully Community Fund. Attendees learned how the Fund’s strategies are designed to support long-term, Thriving Communities, with a look at current and upcoming properties and an overview of the Fund's structure.
We walked through why—with more than $12 billion invested over 20 years of building Thriving Communities—everything we do starts with housing that is attainable for America’s working families.
And why success without significance has never been the goal.
DLP Leadership spent time on the core strategies driving the fund, including:
- Manufactured housing and lot rental communities, one of the most cost-effective and resilient paths to attainable housing
- Campgrounds-to-communities, leveraging existing RV zoning to create long-term housing and community environments
- Resort and vacation rental properties intentionally designed around connection, optionality, and repeat engagement that amounts to more than a nightly stay
Rather than treating these as separate ideas, we explored how these strategies fit together as one cohesive approach to building Thriving Communities that can support long-term demand.
Attendees also heard a first look at the fund’s initial investments, including two Missouri properties already acquired, along with how DLP is thinking about asset optimization, diversified revenue streams, and long-term value creation across the portfolio.
Current Investments:
- Two Missouri RV resorts totaling over 725 units, including cabins, chalets, Conestoga wagons, RV sites, and more
- Targeting 50–60% revenue growth over the next few years through strategic enhancements and marketing initiatives
On-Site Experiences Driving Demand:
- Ozark Outdoors Resort | 23rd annual Bull Float Trip | Aug 28th-29th: a weekend featuring live music, river floats, and entertainment in partnership with 93.7 The Bull.
- Blue Springs Ranch | Rodeo at Blue Springs | Sept 18th-19th: featuring live bull riding, classic rodeo fare, and full ranch-style stays.
Upcoming Properties:
- St. Augustine Ocean Club Retreat, FL: 169 waterfront cottages with private ocean access, pools, rooftop clubhouse, and event space
- Pine Royale / Callahan Club & Resort, FL: Golf course and restaurant now open with future planned developments including 260 cottages,190 luxury RV sites, and a waterpark
- Island Oaks RV Resort, FL: 385 sites, 192 cottages, with Phase 1 now open, featuring a swimming lake, mini golf, kayaking, and more
- Southern Hammock: Successfully onboarded and actively renting
On the technical side, we covered how the fund is structured, including its 6–8 year closed-ended term, target outcomes at exit, and how cost segregation and depreciation support the strategy.
One of the biggest takeaways was the potential tax benefits of this investment vehicle, with 90% of invested capital returned via tax losses in 2025*
We’re excited to continue this journey with you—exploring unique, purpose-driven opportunities through the DLP Living Fully Community Fund. Whether you’re revisiting the session or watching for the first time, we hope these insights help you understand why this fund represents a meaningful next step for DLP Capital.
*DLP Capital is not providing and does not provide tax advice in connection with the Funds. Please consult your tax advisor.