JONESBORO, AR – DLP Capital, a privately held financial services and real estate investment company, announces the acquisition of Stadium Place, a 200-unit apartment building in Jonesboro, Arkansas. The addition of the community, renamed DLP Jonesboro, brings the number of apartment buildings owned by DLP Capital to 568 units in the greater Memphis area, positively impacting the labor affordability crisis across the Sunbelt and across the country.
"Our investors trust that we are doing something for the common good while we strive to generate remarkable returns on their investment," said Don Wenner, Founder and CEO of DLP Capital. "The acquisition of DLP Jonesboro further expands our growing portfolio and further enhances our mission to provide affordable housing to working families in the greater Memphis area."
With internal and external renovations and improvements to these bedroom communities often forgotten by developers focused on building new luxury homes, DLP Jonesboro is another example of the company's continued commitment, families and the communities they live in To serve through stable and safe accommodation living near good schools, with affordable rents.
DLP Jonesboro was built in 2000 and comprises 1, 2 and 3 bedroom units. It is conveniently located near downtown Jonesboro's major mall, restaurants, and Arkansas State University (the second largest university in Arkansas). The property is close to major highways and provides convenient one hour access to Memphis, Tennessee. The DLP Capital community includes 10 residential buildings, a swimming pool, a state-of-the-art fitness center, play and picnic areas, a basketball court, and additional amenities.
Source: DLP capital