DLP Capital and ORP Investments Acquire Mixed-Use Multifamily Community in Heart of Thriving Houston Submarket; Area Benefits from Strong Job Growth – QNT Press Release

–297-Unit Apartment Complex Features Sky Lounge with Panoramic Views of Downtown Houston–

DLP Capital, a private real estate investment and financial services firm, today announced that it has purchased a Houston-area multifamily property, Elan Memorial Park, in partnership with Texas-based ORP Investments Inc. The mixed-use property, with 297 residential units and premium retail spaces, is located in the Neartown-River Oaks submarket of Houston, a highly desirable live-work-play environment just four miles from downtown Houston and near to Texas Medical Center. The Houston metropolitan area, the fifth largest in the US , experienced its best employment growth on record in 2021, adding nearly 160,000 jobs, according to the US Bureau of Labor Statistics. Elan Memorial Park will be a vibrant addition to DLP /Capital’s investment portfolio in the region, providing further economies of scale to the The firm’s asset management of more than 2,500 units spread across eight properties in the broader Houston area.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220914005761/en/

Elan Memorial Park with views of downtown Houston (Photo: Business Wire)

“Elan Memorial Park is an exceptional apartment community that adds excellent balance to our multifamily portfolio in the Houston region,” said Don Wenner, founder and CEO of DLP Capital. “With strong job growth in Houston, we’re bullish on the region. We have multifamily…

Full story available on Benzinga.com

Source link

Recommended For You

About the Author: News Center