DLP Capital Crosses $2 Billion in Capital Under Management (CapUM)
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10:00 AM on Tuesday, February 10
The Associated Press
ST. AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb 10, 2026--
DLP Real Estate Capital, Inc. ( DLP Capital ), a private real estate investment firm with headquarters in St. Augustine, Florida, and offices in Bethlehem, Pennsylvania, and Asheville, North Carolina, announced today that it has surpassed $2 billion in capital under management (CapUM) across its sponsored real estate credit and equity funds, including the DLP Housing Fund, DLP Lending Fund, DLP Preferred Credit Fund, DLP Building Communities Fund, and DLP LivingFully Community Fund.
“This is a watershed moment for DLP Capital,” says Don Wenner, Founder and CEO of the firm. “20 years after founding DLP Capital in 2006 and a little over a decade after launching our first sponsored equity fund in 2013, we’ve reached $2 billion in capital under management (CapUM) and over $5.5 billion in assets under management (AUM), 1 ” he continues. “We’re endlessly grateful to the nearly 4,000 investor families 2 who have trusted us to steward their wealth.”
DLP Capital will continue to help investors pursue success with significance by financing the building of Thriving Communities—attainable multifamily housing projects that are affordable for working families—in high-demand markets across the country. DLP Capital is currently approved to lend in 37 states and provides senior loans, mezzanine financing, and preferred equity to mission-aligned, institutional-quality real estate sponsors.
Beyond providing capital, DLP Capital also functions as an operator. The firm owns over 26,000 units, with more than 17,000 units in operation and approximately 9,500 units in various stages of construction, development, and pre-development. Across its operating history, DLP Capital has developed, acquired, improved, and sold over 6,500 rental units. 2
“Our company is now the biggest it’s ever been and the smallest it will be,” says Don. “As we cross this momentous $2 billion milestone, we’re also thinking of the work that lies ahead,” he continues. “Closing America’s widening affordability and supply gap will require additional time, talent, and treasure. We endeavor to be the country’s best platform for all three ingredients.”
About DLP Real Estate Capital, Inc. (DLP Capital): DLP Real Estate Capital, Inc. (DLP Capital) is a private real estate investment firm with over $5.5 billion in assets under management (AUM). 1 The firm’s core focus is investing in, developing, and financing safe, attainable, and thriving multifamily and single-family rental communities for America’s working families. DLP Capital operates a series of open-ended and closed-ended private real estate investment funds for accredited investors and leverages proprietary platforms and frameworks, including its Elite Execution System, to help clients grow while supporting the firm’s mission of building Thriving Communities. Founded in 2006 by Don Wenner in Pennsylvania’s Lehigh Valley, DLP Capital is a 13-time Inc. 5000 honoree, most recently in 2025. For more information, visit DLPCapital.com.
1 As of June 30, 2025. AUM is the value of the assets DLP Capital manages, which includes real estate and real-estate-backed loans. |
2 As of December 31, 2025. |
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SOURCE: DLP Real Estate Capital, Inc.
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PUB: 02/10/2026 10:00 AM/DISC: 02/10/2026 10:00 AM
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