Increasing Affordable Housing Options for the Greater Jonesboro Area
DLP Capital, a private financial services and real estate investment firm, announces the acquisition of Stadium Place, a 200-unit multifamily property, located in Jonesboro, Arkansas. The addition of the community, which will be renamed to DLP Jonesboro, increases the number of DLP Capital-owned multifamily apartment homes to 568 units in the greater Memphis area, positively impacting the workforce housing affordability crisis throughout the Sunbelt and across the country.
“Our investors trust us to make an impact for the greater good while we strive to achieve remarkable returns for their investment,” said Don Wenner, Founder and CEO of DLP Capital. “The acquisition of DLP Jonesboro continues to add to our growing portfolio and advances our mission to provide housing that is affordable to working families throughout the greater Memphis area.”
By making internal and external renovations and improvements throughout these bedroom communities that are often forgotten about by developers focused on building new luxury housing, DLP Jonesboro is another example of the company’s continued commitment to serve families and the communities where they reside by providing stable and safe housing in proximity to good schools, with rents that are affordable.
DLP Jonesboro was built in 2000 and includes 1, 2, and 3-bedroom units. It is conveniently located near downtown Jonesboro’s major retail center, restaurants, and Arkansas State University, (the second largest university in Arkansas). The property is close to major highway routes offering convenient one-hour access to Memphis, Tennessee. The DLP Capital community includes 10 residential buildings, a swimming pool, a state-of-the-art fitness center, playground & picnic areas, a basketball court, and additional amenities.
About DLP Capital
DLP Capital is a private real estate investment and financial services company focused on making an IMPACT by acquiring, developing, and building relationships, housing, leaders, and organizations. DLP Capital executes its IMPACT through a wide array of business divisions and companies including lending, investment funds, sales, leasing, property management, construction management, development, and loan servicing.
Through the Elite Execution System, as well as the company’s 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210914005459/en/
Contacts
Jenn LoConte
PR Manager
jloconte@dlpre.com
