Source: DLP Capital
FORT WORTH, TX - DLP Capital, a private real estate investment and finance firm, announces it has purchased two tracts of land in Fort Worth, Texas with plans to build two rental home communities.
Orchard Farms will be located at Shelby Road & Rendon Road in Fort Worth and is where DLP will develop and build a 643 single-family rental home community.
Mansions at Marine Creek, located at 5201 Shadydell Drive in Fort Worth, TX, DLP will construct a 638 multifamily rental home community, bringing a combined total of more than one thousand homes for rent to Fort Worth.
“We’re pleased to provide single family and multifamily rental home communities in Fort Worth,” said DLP Capital Founder and CEO Don Wenner. “There is a growing demand for affordable workforce housing to rent across the country, and DLP will be able to supply the area with brand new, state of the art homes.”
The land for both projects was acquired from one of DLP’s Elite Members, JMJ Development, which will stay involved in the operation as development partners. The construction plan consists of 3 phases with building taking place over the next two to three years.
“Our goal at DLP is to be the nation’s leader in developing rental home communities,” said Wenner. “Because of our experience, we understand the value rental home communities like these can have on the greater community. We look forward to continuing our investments into thriving and growing cities like Fort Worth.”