JACKSONVILLE, Fla.–(BUSINESS WIRE)–DF Capital Management, an affiliate of Dream Finders Homes of
Jacksonville FL, closed its inaugural real estate Fund (DF Residential
I, LP) earlier this year with nearly $40mm of equity commitments. The
investor base includes one of the country’s preeminent businessman, a
New York-based institutional manager and a prominent foundation.
DF Residential I, LP is partnering with private homebuilders to provide
project-level equity/debt for community development and the construction
of entry-level homes. The Fund, which has 11 investments to date,
secured project level debt alongside its equity commitments which will
translate into over $90mm of purchasing power for residential land. DF
Residential is investing nationally with a focus on the Jacksonville,
Orlando, Austin, Denver, and Northern VA/MD metropolitan areas.
“In most markets across the country, entry-level homes are in short
supply,” said Chris Butler, Managing Partner of DF Capital Management.
“However, private builders still have issues getting the capital/land to
bring supply to market. We’re excited to fill this capital void in a
space where you still don’t have to fight to find good returns given the
limited number of capital providers.”
The Fund’s value proposition is further enhanced through its
relationship with Dream Finders Homes, one of the most successful and
efficient production homebuilders in the country. Furthermore, the Fund
has formed a well-regarded board which includes Brian Goguen, the CIO of
the Barron Collier Companies—one of the largest land developers in the
State of Florida.
Patrick Zalupski, the CEO and Founder of Dreamfinders Homes commented:
“We are excited to partner with DF Capital Management to help continue
the growth of Dream Finders Homes. Dream Finders Homes provides a first
class affordable home to our customers and we are excited to compliment
the homebuilding side of the business with an attractive investment
opportunity for institutional investors and high net worth individuals.”
Contacts
Christopher R. Butler
Managing Partner
DF Capital Management,
LLC
[email protected]
908-418-6601
