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DPG Investments, LLC and Affiliates Structure $70 Million Multifamily Portfolio Transaction in Texas

July 14, 2014

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- DPG Investments, LLC and affiliates are proud to announce the successful structuring of $70 million in general partner, limited partner, senior debt, and mezzanine capital for a joint venture between Wilkinson Corporation and Capstone Communities Management, LLC for their acquisition of 1,568 apartment units in several multifamily properties located throughout the state of Texas. Wilkinson is headquartered in Washington state, and Capstone is based in Texas.

Most of the units closed on July 8, while the remaining units are scheduled to close in approximately two weeks. These are the first closings in a single portfolio transaction, which is expected to total nearly $100 million in aggregate value and include more than 2,300 units when completed over the next 60 days.

“The Wilkinson Corporation’s expertise and management strength were instrumental in DPG’s ability to provide financing for the acquisition of this portfolio,” said Dan Galvanoni, chairman of DPG. “DPG has now participated as a financier in more than $100 million worth of multifamily properties with the Wilkinson companies. Another $40 million of investment is in the pipeline to close. Russell Wilkinson has built a world-class organization with Lonnie Gienger and George Waymire executing at high levels.”

Joe Joseph, DPG’s new managing director of real estate finance, provided key support in resolving the deal’s complex issues, Galvanoni said.

DPG has financed in excess of $170 million in multifamily assets across 24 properties since focusing on the property type in 2011, and plans to finance more than $250 million by the end of 2014.

About DPG:DPG Investments, LLC and its affiliates provide global alternative investment management and advisory services. With offices in Arizona, California, Connecticut 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 executes sophisticated and innovative investment strategies with a goal of achieving attractive risk-adjusted rates of return. DPG is sector agnostic, deploying capital into non-traditional alternative investment vehicles globally. DPG’s core objectives of diversification, risk management, preservation of capital and consistent long-term performance deliver absolute returns, uncorrelated to the global equity and bond markets. Utilizing deep expertise in alternative investments, DPG remains committed to providing long-term value to its investors and clientele. Built on a foundation of highest ethical standards and trust, DPG strives in its commitment to utmost excellence.

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 $1 billion in capital commitments since 2004, DPG currently has 26 private equity holdings, with a current focus in global consumer finance products, financial services, specialty finance platforms, 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 and fund vehicles.

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

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.

DPG Investments, LLC

Dan Galvanoni, 800-240-0454


Source: DPG Investments, LLC

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Source: Business Wire

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