SCOTTSDALE, Ariz., Nov. 10, 2015 /PRNewswire/ -- DPG Investments, LLC and affiliates are proud to announce another successful capital structuring and closing. DPG structured $9.8 million in limited partner capital, equating to approximately 95% of the required equity, for the acquisition and renovation of a 400-unit apartment complex in the desirable Clear Lake submarket of Houston. The property, called The Falls at Clear Lake, is located on nearly 24 acres in Webster, Texas. The Falls is close to the Webster medical corridor and major employment centers including the Port of Houston and NASA.
DPG Chairman Dan Galvanoni commented, "Since 2011, DPG has structured and financed in excess of $250 million in aggregate closings in Texas. The Falls at Clear Lake acquisition demonstrates DPG's continuing commitment to structuring private equity and debt capital for real estate transactions in Texas and other markets throughout the country and is a perfect example of our faith in the robust Texas economy," adding, "we continue to provide flexible, entrepreneurial capital in extremely complicated and time-sensitive closings."
Joe Joseph, DPG's managing director of real estate finance, noted, "The Falls transaction represents another successful pairing of a family office affiliate of DPG with an excellent local operating partner. Structuring the right capital for each investment opportunity is a particular strength of DPG."
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.
Contact: Rita Hollingsworth/RMH Media
SOURCE DPG Investments, LLC