DPG Investments, LLC Affiliate Structures $56.2 Million Full Capital Stack for Dallas Area Manufactured Home Community
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.
DPG Investments e le sue affiliate hanno strutturato un pacchetto di finanziamento di 56,2 milioni di dollari per l'acquisizione e lo sviluppo di Post Oak, una comunità di case prefabbricate con 1.036 lotti a Terrell, Texas. Il finanziamento, organizzato attraverso l'affiliata DPG MHC Capital Advisors in collaborazione con K8H Ventures, include debito senior, debito mezzanino e capitale preferenziale.
Il progetto è sviluppato da Benchmark Housing Fund, che prevede ulteriori quattro acquisizioni nella prima metà del 2025. Questo segna il primo di diversi sviluppi pianificati, con Benchmark che mira a una crescita sostanziale nei prossimi cinque anni grazie al supporto finanziario di MHC Capital Advisors.
DPG Investments y sus afiliados han estructurado un paquete de financiamiento de 56.2 millones de dólares para la adquisición y desarrollo de Post Oak, una comunidad de casas prefabricadas con 1,036 lotes en Terrell, Texas. El financiamiento, organizado a través de la afiliada de DPG MHC Capital Advisors en asociación con K8H Ventures, incluye deuda senior, deuda mezzanina y capital preferente.
El proyecto está siendo desarrollado por Benchmark Housing Fund, que planea cuatro adquisiciones más en la primera mitad de 2025. Este marca el primero de varios desarrollos planeados, con Benchmark buscando un crecimiento sustancial en los próximos cinco años con el apoyo financiero de MHC Capital Advisors.
DPG Investments와 그 계열사들은 텍사스 테렐에 위치한 1,036개의 구역을 가진 조립식 주택 커뮤니티인 Post Oak의 인수 및 개발을 위해 5천620만 달러의 자금 조달 패키지를 구성했습니다. DPG의 계열사인 MHC Capital Advisors와 K8H Ventures의 협력으로 마련된 이 자금 조달은 선순위 채무, 메자닌 채무 및 우선주를 포함합니다.
이 프로젝트는 Benchmark Housing Fund에 의해 개발되고 있으며, 2025년 상반기 내에 네 건의 추가 인수를 계획하고 있습니다. 이는 여러 계획된 개발 중 첫 번째이며, Benchmark는 MHC Capital Advisors의 자금 지원을 통해 향후 5년 동안 상당한 성장을 목표로 하고 있습니다.
DPG Investments et ses filiales ont structuré un package de financement de 56,2 millions de dollars pour l'acquisition et le développement de Post Oak, une communauté de maisons préfabriquées de 1 036 lots à Terrell, au Texas. Le financement, organisé par l'affilié DPG MHC Capital Advisors en partenariat avec K8H Ventures, comprend des dettes senior, des dettes mezzanines et des capitaux préférentiels.
Le projet est développé par Benchmark Housing Fund, qui prévoit quatre autres acquisitions dans la première moitié de 2025. Cela marque le premier de plusieurs développements planifiés, Benchmark visant une croissance substantielle au cours des cinq prochaines années grâce au soutien financier de MHC Capital Advisors.
DPG Investments und ihre Tochtergesellschaften haben ein Finanzierungsangebot in Höhe von 56,2 Millionen US-Dollar für den Erwerb und die Entwicklung von Post Oak, einer Fertighausgemeinschaft mit 1.036 Parzellen in Terrell, Texas, strukturiert. Die Finanzierung, die über die DPG-Tochtergesellschaft MHC Capital Advisors in Partnerschaft mit K8H Ventures arrangiert wurde, umfasst vorrangige Schulden, mezzanines Fremdkapital und bevorzugtes Eigenkapital.
Das Projekt wird von Benchmark Housing Fund entwickelt, das in der ersten Hälfte von 2025 vier weitere Akquisitionen plant. Dies markiert die erste von mehreren geplanten Entwicklungen, wobei Benchmark in den nächsten fünf Jahren mit Unterstützung der MHC Capital Advisors erhebliches Wachstum anstrebt.
- 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
- None.
Insights
The
The multi-tiered financing structure, combining senior debt, mezzanine debt and preferred equity, indicates a sophisticated approach to capital allocation that balances risk and return potential. Benchmark Housing Fund's pipeline of four additional acquisitions in H1 2025 suggests strong growth potential and scalability in their business model. The formation of MHC Capital Advisors as a specialized financing entity demonstrates DPG's commitment to becoming a dominant player in manufactured housing community financing.
For investors, this development signals DPG's evolution from a family office to a significant player in the affordable housing finance sector. The partnership with experienced operators like K8H Ventures reduces operational risk while the Texas market location offers favorable demographics and regulatory environment for manufactured housing communities.
This transaction is particularly noteworthy as it addresses the critical affordable housing shortage in the United States. The Post Oak development's scale of 1,036 lots makes it a significant addition to the affordable housing inventory in the Dallas-Fort Worth metroplex, where housing costs have been rising rapidly. The strategic location in Terrell provides access to the Dallas job market while offering more affordable living options.
The involvement of experienced operators like K8H Ventures, with their focus on high-quality communities and superior design standards, helps elevate the manufactured housing sector's reputation. This approach could help overcome traditional stigmas associated with manufactured housing while providing a viable solution to the affordable housing crisis. The planned expansion beyond Texas indicates potential for replicating this model in other markets facing similar housing affordability challenges.
This financing is for Benchmark Housing Fund, LLC, which is based in the
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
About DPG: DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in
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
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.
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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?
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