As we start 2024, we extend warm New Year wishes and look forward to reconnecting with you. Notably, our acquisition strategies at DDelta REI are gaining momentum, fueled by the current market conditions characterized by expanded cap rates and potential opportunities below replacement costs. Concurrently, we’re evaluating selective development deals aligning with a strong value proposition, aiming to optimize the $150 million target for the
new Multifamily Acquisitions and Development Fund VII.
Your continued support remains crucial as we navigate and seek to capitalize on these market dynamics.
All my best,
Gerardo Gutierrez
CEO DDelta REI
“Growing demand for rental housing continues to be driven by it being a basic need, home acquisition challenges, generational demand, and enduring product resilience”.
Quarterly Highlights
- The inaugural FVI project Lenox Sienna is nearing completion, showcasing outdoor fire pits, a resort-style pool, and a sundeck for our residents to enjoy. Explore the latest updates here.
- Rental rates for properties delivering new units consistently surpass our initial
expectations, averaging 10% higher. - A significant milestone was reached as 506 units from four different properties were successfully delivered across two high-growth target markets: Houston and Austin,TX.
Company Update
- DDelta REI has successfully achieved registration as a Registered Investment Adviser with the SEC, showcasing our commitment to regulatory compliance and financial experience*.
- Setting ambitious targets, the company has laid out a comprehensive roadmap to
seek to accomplish a diverse range of Environmental, Social, and Governance (ESG) goals over the next 5 years, emphasizing our dedication to sustainable and
responsible business practices. See more here. - Throughout 2023, we closely monitored a multibillion-dollar pipeline**,
encompassing 500+ multifamily development and acquisition deals. Heading into 2024, we seek to persistently source off-market opportunities to meticulously select compelling opportunities.
Insights
- Anticipate a favorable investment climate in 2024, with several obstacles that
disrupted the market in the previous year now resolved. - The resurgence of investments could be propelled by a robust economy, decreasing rates supporting increased deal flow, and a significant capital pool of approximately $240 billion ready for deployment.
- The optimistic overall outlook is poised to alleviate uncertainty and temper caution levels among investors, playing a pivotal role in facilitating market recovery.
* Registration with the SEC as an Investment Adviser does not imply a certain level of skill or training.
** There is no assurance that any pipeline transactions will be consummated.
Not an offer: This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting, or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact Gerardo Gutierrez – CEO – or consult with the professional advisor of their choosing.
Past Performance: There is no guarantee that the investment objectives will be achieved. Moreover, the past performance is not a guarantee or indicator of future results.
Forward-looking statements: Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events, results, or actual performance may differ materially from those reflected or contemplated in such forward-looking statements. Nothing contained herein may be relied upon as a guarantee, promise, assurance, or a representation as to the future.
Currentness: Except where otherwise indicated, the information contained in this presentation is based on matters as they exist as of the date of preparation of such material and not as of the date of distribution or any future date. Recipients should not rely on this material in making any future investment decision.
Confidentiality: This presentation is confidential, is intended only for the person to whom it has been directly provided and under no circumstances may a copy be shown, copied, transmitted, or otherwise be given to any person other than the authorized recipient without the prior written consent of Gerardo Gutierrez – CEO.
An investment in the Fund involves risks, including loss of the entire investment. For further risk considerations, see more here.