DLP Real Estate Capital has announced its latest acquisition of Willow Trace, a multifamily property in Shreveport, LA. The property consists of 192 units, includes one- and two-bedrooms, and offers seven floorplan options.

The housing fund is DLP’s eighth fund in eight years and it allows the firm to work with larger investors, he said. DLP targeted 12% or higher equity returns for this fund.

Larry Hickernell, DLP Capital Partners’ Senior Investor Success Manager commented, “With this specific property, we had an over 19% net annual return to investors! With those phenomenal returns, investors had the opportunity to then re-invest and transition their substantial  earnings into our brand new Housing Fund.”

DLP 2020 Vision Day Celebrating and Marching Toward the Future with Purpose Do you ever have a vision that’s so strong it pulls you toward it?  “If you are working on something exciting that you really care about, you don't have to be pushed. The vision pulls you.” -...

Wenner said, ”We are very excited about the opportunity to acquire these beautiful communities in Vernal, our first investment in the great state of Utah. The low investment basis and strong demand for quality housing in this area provided DLP with an excellent opportunity to make a solid investment in a new market. We look forward to providing the local residents with great places to live and outstanding service.”