DLP Capital Adds to Houston Multifamily Quarry

DLP Capital’s latest foray into the Houston multifamily market, means it’s invested close to $500 million in apartment assets in greater Houston in the last 12 months. It’s latest venture was acquiring the 350-unit Domain at Morgan’s Landing in the Houston suburb of La Porte.

DLP’s Don Wenner says some demographic shifts are responsible for their decision to buy, “We continue to see an urban exodus by families seeking to enrich their lifestyles with more living space, amenities and affordability…our sweet spot is the affordable segment where we can really make an impact on the lives of our residents.”

Built in 2021, Domain at Morgan’s Landing is situated on 18 acres in southeast Houston at 3300 Bay Area Boulevard. It consists of 13 three-story buildings not far from the Port of Houston, NASA and Hobby International Airport.