FORT WORTH, TX – Private real estate investment and financial services firm, DLP Capital has acquired two tracts of land in Fort Worth, TX, with plans to develop two rental home communities, totaling more than 1,000 homes for rent.
Located at Shelby Rd. and Rendon Rd., the first community, titled Orchard Farms, will feature 643 single-family rental homes.
Located at 5201 Shadydell Dr., the second development, titled Mansions at Marine Creek, will consist of 638 multifamily rental homes.
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Both land parcels were purchased from JMJ Development, which is one of DLP Capital's elite members. JMJ Development will remain involved in the projects as a development partner.
DLP Capital will construct the developments in three phases, which will take place during the next two to three years.
"We're pleased to provide single-family and multifamily rental home communities in Fort Worth," says Don Wenner, found and CEO of DLP Capital. "There is a growing demand for affordable workforce housing to rent across the country, and DLP will be able to supply the area with brand new, state of the art homes."
Wenner adds, "Our goal at DLP is to be the nation's leader in developing rental home communities. Because of our experience, we understand the value rental home communities like these can have on the greater community. We look forward to continuing our investments into thriving and growing cities like Fort Worth."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
