DPG Investments, LLC Affiliate Structures $56.2 Million Full Capital Stack for Dallas Area Manufactured Home Community

Rhea-AI Summary

DPG Investments and its affiliates have structured a $56.2 million financing package for the acquisition and development of Post Oak, a 1,036-lot manufactured home community in Terrell, Texas. The financing, arranged through DPG affiliate MHC Capital Advisors in partnership with K8H Ventures, includes senior debt, mezzanine debt, and preferred equity.

The project is being developed by Benchmark Housing Fund, which plans four more acquisitions in the first half of 2025. This marks the first of several planned developments, with Benchmark targeting substantial growth over the next five years through MHC Capital Advisors' financing support.

Positive

• Secured $56.2 million in multi-tier financing for large-scale property development
• Project includes 1,036 lots, indicating significant scale
• Pipeline of 4 additional acquisitions planned for H1 2025
• Strategic expansion into affordable housing market

Negative

• None.

CHANDLER, Ariz., Dec. 23, 2024 /PRNewswire/ -- DPG Investments, LLC, a leading family office, merchant banking, and private capital firm, is proud to announce another successful capital structuring and closing accomplished with the support of its affiliates and investment partners. DPG, together with its affiliate MHC Capital Advisors, LLC, and K8H Ventures, has structured $56.2 million in senior debt, mezzanine debt, and preferred equity for the acquisition and development of a 1,036-lot manufactured home community in Terrell, Texas, called Post Oak. The financing was structured through DPG affiliate MHC Capital Advisors, LLC, which DPG formed to focus solely on financing best-in-class manufactured home communities.

This financing is for Benchmark Housing Fund, LLC, which is based in the Houston suburb of Magnolia, Texas. Benchmark is an operation of K8H Ventures, an experienced developer and operator of manufactured home communities in Texas. Post Oak is the first of many acquisitions for Benchmark, with four more expected during the first half of 2025. Benchmark contemplates substantial growth in the next five years, which will be financed through the efforts of MHC Capital Advisors.

DPG Chairman Dan Galvanoni commented, "DPG is excited about our partnership with the team at K8H and Benchmark. Kevin Mims and Harry Winslow are consummate professionals and are experts in their field. Together we are forging a solution to the problem of a lack of affordable housing across the country. MHC Capital Advisors intends to be the leading capital provider for this important asset class."

K8H co-founder and principal Kevin Mims noted, "Benchmark Housing creates high-quality communities that people are proud to live in. Our design and operational standards exceed those of many traditionally built homes and provide superior value. We believe passionately in our mission to ease the housing affordability problem, beginning in Texas, and then expanding to other areas."

About DPG: DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, Texas, California, Florida, 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 $2 billion in capital commitments across over 60 transactions since 2004, DPG has a current focus on 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, global consumer finance products, financial services, specialty finance platforms, and fund vehicles.

DPG takes pride in delivering customized capital solutions in a disciplined entrepreneurial system.
www.dpginvestments.com

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: Jeff Hollingsworth/RMH Media
388040@email4pr.com 213-308-0200

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SOURCE DPG Investments, LLC

FAQ

What is the value of DPG's latest financing deal for Post Oak manufactured home community?

DPG structured a $56.2 million financing package including senior debt, mezzanine debt, and preferred equity for the Post Oak manufactured home community in Terrell, Texas.

How many lots does the DPG-financed Post Oak community in Terrell include?

The Post Oak manufactured home community in Terrell, Texas includes 1,036 lots.

How many additional acquisitions does Benchmark Housing Fund plan after Post Oak?

Benchmark Housing Fund plans four more acquisitions during the first half of 2025 following the Post Oak development.

What is DPG's strategy for manufactured home community financing through MHC Capital Advisors?

DPG formed MHC Capital Advisors to focus specifically on financing best-in-class manufactured home communities, aiming to become the leading capital provider in this asset class.