DLP Building Communities Fund, LLC
The Building Communities Fund’s primary strategy is to positively impact the workforce housing crisis in America through equity investments in ground up development and construction of workforce rental communities. DLP Capital’s goal is to provide safe, clean, affordable housing to 250,000 residents through 100,000 workforce housing units while providing these families with a path to prosperity.
Accredited Investors only.*
The fund will primarily invest, through both debt and equity, in the ground up development, acquisition, improvement and management of residential real estate with a focus on providing affordable housing in markets with strong fundamentals.
|Fund Type||Real Estate Equity|
|Fund Investments||Primarily equity investments into the development and construction of new communities|
|Direct/Indirect Security||Real Estate ownership|
|Inception Date||October 2021|
|Targeted Annual Net to Investor||13%|
|Return Split||80/20 upon achieving 8% preferred return|
|Benefits of Leverage||Yes|
|IRA Investment Option||Yes|
|Tax Shelter through Depreciation||Yes|
|Subject to UBIT||Yes|
|Target Fund Size||$250,000,000|
|Manager Co-investment||Minimum 5% Committed Capital|
|Must Be Accredited||Yes|
|Tax Reporting Method||K-1|
|Audited Financials||Yes; CohnReznick|
|Legal Counsel||Seward & Kissel, LLP|
*Management fee is paid monthly, but subject to claw back
Past performance is not a guarantee of future performance.
* Accredited Investor Definition: For an individual to be considered an accredited investor, he or she must have a net worth of at least one million US dollars, not including the value of one’s primary residence or have income at least $200,000 each year for the last two years (or $300,000 together with his or her spouse if married) and have the expectation to make the same amount this year.
Risk Disclaimer: Investing in private real estate funds and notes secured by real estate has certain inherent risks, which could result in the loss of some or all of your principal investment. Your decision to purchase and invest should be based on your own particular financial circumstances and investment objectives. DLP Capital Partners, LLC (formerly known as DLP Capital Advisors, LLC), its officers, and representatives can in no way guarantee or warrant your success. Consult your tax advisor or financial advisor before investing. Past performance does not guarantee future performance. Please see fund offering documents for full details & disclosure.