SCOTTSDALE, AZ--(Marketwired - Sep 2, 2014) - DPG Investments, LLC and affiliates are pleased to announce the successful funding of a $10 million acquisition of an apartment community in Texas. DPG structured general partner and limited partner capital for a joint venture, whose names are confidential, for their acquisition of a 220-unit apartment community in the Dallas metro area.
DPG Chairman Dan Galvanoni stated, "This was the second tranche of a multi-tranche complex financing and fourth deal with this sponsorship. We continue to be bullish on Texas across several asset classes and regions. DPG has closed over $110 million in private capital financing across seven assets over the past 45 business days. We have significantly more capacity and capital available and anticipate a more substantial fourth quarter, as the lower middle market is clearly in need of private capital solutions and structuring."
DPG has financed in excess of $170 million in multi-family assets across 24 properties since focusing on the property type in 2011, and plans to finance more than $250 million by the end of 2014.
About DPG: DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, California, Connecticut and Georgia, DPG was founded in 2004 from a top tier family office. DPG is a recognized, premier multi-strategy global private equity, merchant banking, alternative investment, and multi-family office advisory firm.
DPG's diversified private investor base is comprised of a select group of cutting-edge, ultra-high net worth and high net worth private family offices, offshore affiliates, private equity firms, public capital corporations, top tier hedge funds, insurance companies, endowments, pension plans and various best-in-class operating partners. As a financier, investor or merchant banker structuring in excess of $1 billion in capital commitments since 2004, DPG currently has 26 private equity holdings with a current focus in global consumer finance products, financial services, specialty finance platforms, real estate, alternative energy, oil and gas, natural resources, entertainment and media, special situation and distressed investing, selective venture capital, direct private lending, structured credit products and fund vehicles.
DPG takes pride in delivering customized capital solutions in a disciplined entrepreneurial system.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.