Innovative Solutions. Proven Expertise.
REAL ESTATE MERCHANT BANKING
DSI Invests Preferred Equity and Opportunistic JV-Equity that is focused on multifamily and senior housing properties across the United States.
DSI continues to achieve outsized risk-adjusted returns by carefully and patiently executing on our investment strategy. We closely monitor the management of the project all the way through to sale or refinance to ensure the best possible outcome for our investors.
DSI builds long-term partnerships with sophisticated and professional developers in markets with strong employment & demographic fundamentals. We partner in projects where the equity required is generally below the threshold for institutional investors, yet too high for a single HNW investor.
Total Deal Value $800+ Million
JV Investments 21 projects
Invested Equity $165+ Million
Average Deal Term 36-48 months
Investment Amount $5-$15M
Product Types Multifamily, Senior Living, Single Family Rental
JV Partners Local Expertise. Direct development experience
Target Markets California, Texas, Oregon, Utah, Arizona, Minnesota, Colorado, Nevada & Washington
Loan Size $2-$10M
Asset Types Multifamily, Commercial (considered on a select basis)
Max LTC 85%
Estimated Yield 10-14%
DSI partnered with the Developer on this project by providing the LP equity to help build a Class A multifamily development in Portland, OR. After construction was complete, the building was fully leased up and sold to an Institutional Investor.
Sector Ground up Multifamily
Number of units 149 units
Investment Type JV Equity
Term 30 Months
This was the second project on DSI’s senior living platform, whereby DSI provided $9.1M in LP capital to develop a Class A assisted living property in Tucson, AZ. Construction on the project was complete in December 2017 and property was stabilized in May 2019. DSI is in discussion with multiple parties interested in purchasing the property, marking a clear exit for investors.
Sector Ground up Senior Housing (Assisted Living Memory Care)
Number of units 106 units: 86 Assisted Living 20 Memory Care (122 beds)
Investment Type JV Equity
Term 36 Months
DSI partnered with the Sponsor to acquire and renovate Adagio Apartments, a 208-unit garden style multifamily property. This project presented investors with the unique opportunity to acquire and reposition an existing multifamily property in Phoenix, AZ. Due to the increased demand for rental product in the area, the building sold sooner than expected at a higher sale price than originally forecast.
Sector Value-Add Multifamily
Number of units 208 units
Investment Type JV Equity
Term 36 Months, renovation to be complete in 24 months
Sponsor completed construction on a Class-A multifamily property in 2023 and started leasing up into a temporarily impaired rental market. Additional funds were required to pay down the construction loan in-order to convert into a permanent loan pre-stabilization. DSI provided the gap financing in the form of Mezzanine Finance.
Sector Multifamily
Number of units 57
Investment Type Mezzanine Finance
Term 60 Months