DLP Capital is a private real estate investment and financial services firm founded in 2006 by Don Wenner. The company began as a small residential real estate sales operation in Pennsylvania's Lehigh Valley and has evolved into a vertically integrated platform headquartered in St. Augustine, Florida. The firm operates through four evergreen investment funds that deploy capital across debt and equity strategies focused on attainable workforce housing. DLP Capital manages $5.5 billion in assets as of December 31, 2025, and generated $699 million in total revenue during 2025. The firm's investment approach centers on multifamily, single-family rental communities, manufactured housing, and outdoor hospitality properties including RV resorts. DLP Capital serves over 4,000 accredited investors and houses more than 100,000 residents across its portfolio. The company operates four sponsored funds: the DLP Lending Fund (launched October 2014), which provides senior secured construction and bridge loans; the DLP Preferred Credit Fund (October 2021), focused on subordinate debt and mezzanine financing; the DLP Housing Fund (January 2020), which makes equity investments in value-add and existing multifamily communities; and the DLP Building Communities Fund (October 2021), targeting ground-up construction and development projects. Geographic concentration lies primarily in Sun Belt markets, including Florida, Texas, and Georgia, where the firm capitalizes on job growth and population migration trends. DLP Capital operates as a vertically integrated platform, handling financing, development, construction, and property management in-house. The company employs 450 people and has achieved recognition on the Inc. 5000 list of America's fastest-growing private companies for 13 consecutive years. In September 2022, DLP Capital expanded into banking through its acquisition of Community State Bank, a $225 million-asset commercial bank based in Starke, Florida, which now operates as DLP Bank.