SCOTTSDALE, AZ–(Marketwired – Mar 3, 2015) – DPG Investments, LLC and affiliates are proud to announce another successful capital structuring and closing. DPG structured $2.1 million in limited partner capital, equating to 90% of the required equity, for the acquisition and renovation of a 200-unit apartment complex in Killeen, Texas. The property, called Summerlyn, is located close to Fort Hood, one of the largest US Army bases in the world.
DPG Chairman Dan Galvanoni, commented, “Summerlyn is a great property, presenting significant value-add opportunity for our operating and capital partners. This is exactly the type of situation where DPG can create a capital solution for our operating partners to grow their platform, and a sound investment opportunity for our affiliated capital partner.”
Joe Joseph, DPG’s managing director of real estate finance, noted, “DPG is relationship-oriented and programmatic in our approach, and the Summerlyn property is a perfect example of that. Summerlyn is expected to be the first of several transactions with this operating team and DPG’s significant family office investor.”
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 on 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.