St. Augustine, FL, October 8 2021) – DLP Capital, a private real estate investment and finance firm, announces the acquisition of Portofino, two Class A residential buildings in St. Augustine, FL from Deltona Corporation for $9.3 million.
Located at 209 & 213 Cantabria Way, St. Augustine, FL 32086, Portofino consists of two three-story Class A luxury-style buildings consisting of 28 total two and three-bedroom units. DLP intends to build 112 additional units on the property, totaling 140 units on-site once the project is completed. Additionally, DLP will rebrand the properties under new name DLP Portofino in the near future.
DLP values this location’s accessibility to top-rated schools and proximity to Flagler Hospital, Flagler College, Northrop Grumman, and retail options such as shopping centers and restaurants.
Amenities at DLP Portofino include a resort-style swimming pool, onsite interior parking, storage units, luxury kitchens and baths in each apartment.
About DLP Capital
DLP Capital is a private real estate investment and financial services company focused on making an IMPACT through acquiring, developing, and building relationships, housing, leaders, and organizations. DLP Capital has an expansive array of business divisions and companies including lending, investment funds, sales, leasing, title services, property management, construction management, development, and loan servicing. Through the Elite Execution System, as well as its exclusive membership platforms focused on business scaling, investment housing, family, and wealth, DLP Capital impacts lives by empowering its clients to choose, create, grow and preserve prosperity. For more Information, visit DLPCapital.com
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