BETHLEHEM, PA – DLP Real Estate Capital, a privately held financial services and real estate investment company, announced the acquisition of The Edge at Kutztown, a 184-unit student residence in Kutztown, Pennsylvania. Renamed DLP Kutztown, the community will naturally provide affordable housing for students and families living in Kutztown and the greater Lehigh Valley area. The acquisition of DLP Kutztown continues DLP's focused mission to positively impact the current housing affordability crisis afflicting families across the country.
Don Wenner, Founder and CEO of DLP Real Estate Capital, commented: “The acquisition of DLP Kutztown complements our growing portfolio and confirms our belief in the Greater Lehigh Valley, where I was born and raised. By turning the community into a mix of both student and apartment buildings, more hard working individuals and families can live here at a more affordable price. It is humbling to be able to make a difference while continuing to deliver remarkable results for our investors. "
Lou Davis, Managing Director of Investments, commented, “DLP Kutztown is a great example of how DLP affects both our residents and investors. Our team remains optimistic about the Greater Lehigh Valley area and we aim to add value to Kutztown through our regional expertise. "
Built in 2008, DLP Kutztown is conveniently located to nearby Kutztown University, 1 mile from vibrant downtown Kutztown, and is part of historic and beautiful Berks County. It is close to major highway routes that provide convenient access to regional workplaces including KU, Lehigh Valley Health Network, Sposto Interactive, and more. The apartment building is comprised of three bedroom units with amenities that include full equipment and furniture packages, in-unit washers / dryers, a clubhouse, patio with BBQ area, and more.
Source: DLP real estate capital