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 TypeReal Estate Equity
Fund InvestmentsPrimarily equity investments into the development and construction of new communities
Direct/Indirect SecurityReal Estate ownership
Inception DateOctober 2021
Fund TermEvergreen
Distribution FrequencyAnnual
Management Fee1.5%*
Preferred Return8%
Targeted Annual Net to Investor13%
Return Split80/20 upon achieving 8% preferred return
RedemptionsAnnual Redemption
Benefits of LeverageYes
IRA Investment OptionYes
Tax Shelter through DepreciationYes
Subject to UBITYes
Target Fund Size$250,000,000
Minimum Investment$500,000
Manager Co-investmentMinimum 5% Committed Capital
Must Be AccreditedYes
Tax Reporting MethodK-1
Audited FinancialsYes; CohnReznick
Legal Counsel
Seward & Kissel, LLP
Institutional OptionYes
Reporting FrequencyQuarterly

*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.  

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