DLP Real Estate Capital, a private financial services and real estate investment firm, announced its acquisition of Vantage at Germantown, a multifamily three-story garden-style property, located in Germantown, TN. This 288-unit property consists of one-, two-, and three-bedroom units with an average 837 sq. footage.
Don Wenner, Founder and CEO of DLP Real Estate Capital commented, “We are very pleased to add this property to our portfolio of multifamily investments. This beautiful apartment community will provide a convenient and affordable rental housing option for many families to live and work within a ten-mile radius of a high-technology corridor. Acquiring this apartment community reflects our mission of continuing to make a significant impact in today’s housing crisis.”
Vantage at Germantown was built in 2020 and is conveniently located only 15 minutes from downtown Memphis and within 10 miles of five of the city’s largest FedEx facilities. The property offers convenient access to thousands of jobs within the high-tech corridor and other thriving sectors of business. The property sits on over 22 acres and includes a resort-style swimming pool with outdoor cabana and fireplace, media lounge with internet cafe, clubhouse, 24-hour fitness studio, remote access gates, and a large/small breed ‘bark park.’ The units have energy-efficient appliances with full-size washer and dryer, tiled backsplash, spacious closets, and personal balconies.