GROW YOUR WEALTH WITH
ABOVE MARKET RETURNS
With 4 high-performing private real estate funds to choose from and targeted annual returns as high as 13%
Learn more about our Funds
DLP HOUSING FUND
10-12%
Targeted Annual Net Return
DLP BUILDING COMMUNITIES FUND
11-13%
Targeted Annual Net Return
DLP LENDING FUND
9-10%
Targeted Annual Net Return
DLP PREFERRED CREDIT FUND
10-11%
Targeted Annual Net Return
-
DLP LENDING FUND
13.01%
Compounded DRIP IRR Since Inception as of February 28, 2025
Inception Date October 2014
- 9-10% targeted annual return (net)
- 8% preferred return paid monthly
- Debt investments for the construction, acquisition, and repositioning of attainable rental housing
- Redemptions with 90-day notice
Fund Type
Private Senior Secured Mortgage Fund
REIT
Yes
REIT effective January 1, 2019
Minimum Investment
$200,000
Investor Suitability
Accredited Investors Only3
Tax Reporting
1099-DIV
-
DLP PREFERRED CREDIT FUND
10.98%
Compounded DRIP IRR Since Inception as of December 31, 2024
Inception Date October 2021
- 10-11% targeted annual return (net)
- 9% preferred return paid monthly
- Primarily debt investments (subordinate and senior mortgage loans and/or mezzanine loans) and preferred equity in RV and vacation luxury parks, manufactured housing, and rental housing properties
- Redemptions with 90-day notice
Fund Type
Private Preferred Credit Fund
REIT
Yes
REIT effective January 1, 2023
Minimum Investment
$200,000
Investor Suitability
Accredited Investors Only3
Tax Reporting
1099-DIV
-
DLP BUILDING COMMUNITIES FUND
12.02%
Compounded DRIP IRR Since Inception as of December 31, 2024
Inception Date October 2021
- 11-13% targeted annual return (net)
- 8% preferred return paid quarterly
- Change to Equity and priority or preferred equity investments in entities or senior mortgage loans or mezzanine loans for developing new rental communities (ground-up construction)
- Annual liquidity
- Highest targeted annual net return of DLP Capital sponsored funds
Fund Type
Private Real Estate Investment Fund
REIT
Yes; REIT Subsidiary
REIT Subsidiary effective January 1, 2024
Minimum Investment
$200,000
Investor Suitability
Accredited Investors Only3
Tax Reporting
K-1
-
DLP HOUSING FUND
17.06%
Compounded DRIP IRR Since Inception as of December 31, 2024
Inception Date January 2020
- 10-12% targeted annual return (net)
- 6% preferred return paid monthly
- Primarily equity investments into value-add, build-to-rent and multifamily communities
- Annual liquidity
- Most tax-advantaged DLP Capital sponsored fund
DLP Capital is not providing and does not provide tax advice in connection with the Funds. Please consult your tax advisor.
Fund Type
Private Real Estate Investment Fund
REIT
Yes; REIT Subsidiary
REIT Subsidiary effective March 12, 2020
Minimum Investment
$200,000
Investor Suitability
Accredited Investors Only3
Tax Reporting
K-1
Why invest with DLP Capital?
Since inception, we’ve never missed a fixed or preferred return for our investors and we’ve lost $0 of investor principal. That’s not a typo–it’s really $0. Every one of our funds has exceeded its return target, providing double-digit returns for all equity investors.
$5.25B+
Assets Under Management1
3,500+
Investors Across all Funds
$566M+
2024 Annual Revenue
$0
Loss of Principal Since Inception
0
Months of Missed Returns Since Inception
Download Our Latest Quarterly Report

Unlock Your Financial Freedom
MAXIMIZE YOUR INVESTMENTS AND CREATE PASSIVE INCOME WITH RETURNS UP TO 13%
Investing with DLP Capital opens up a world of wonderful opportunities. Our expert team is here to assist you in maximizing your investments and creating passive income streams through multifamily real estate. We'll be with you every step of the way, sharing our expertise to ensure your investments are not only secure but also personally fulfilling. By choosing to invest with DLP Capital, you're embarking on a journey toward financial freedom.
Meet Our Founder and CEO Don Wenner
As the founder and CEO of DLP Capital, Don is a leader in real estate investing, private direct lending, construction, management, and sales. Under his leadership, DLP Capital has been ranked as an Inc. 5000 Fastest-Growing U.S. Company for 11 consecutive years, exceeding $4 billion in assets under management. Don is passionate about helping people build and lead prosperous lives while growing their wealth and legacy that will last for generations.

At DLP Capital, Our Investors Always Come First. Literally.
- We don't earn a single management fee until all preferred returns have been paid to investors.
- As you grow your accounts with us, we reduce your management fees.