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
