DLP Real Estate Capital Announces Strategic Acquisition of Brite Homes
$22 Million Transaction Lays Groundwork to Bring Homes of the Future to Florida and Beyond
DLP Real Estate Capital announces its most recent acquisition of Brite Homes, an energy-efficient and smart home builder based in Orlando, Florida. This $22 million transaction will not only bring smart homes of the future to Florida but also builds upon the increased growth that DLP Real Estate Capital continues to experience, year after year.
Don Wenner, Founder and CEO of DLP Real Estate Capital, comments, “I am thrilled to announce this exciting new partnership with Brite Homes and their CEO, Oren Segev. Our companies have enjoyed a prosperous relationship, working together over the past several years. With this acquisition, we’ll build and sell high-performing homes of the future that are both energy-efficient and affordable. We will be building hundreds of incredible homes throughout the state of Florida over the next year, with plans to expand into additional states. Brite Homes is a perfect fit with the DLP family of companies focused around providing solutions for and from real estate.”
With over 350 team members, DLP Real Estate Capital has and continues to build a successful track record of generating profits in all market conditions and cycles.
With $700 million in assets under management, the company has been named to The Inc. 5000 list of fastest growing companies in the nation for the past six years, one of only a very small number of companies to achieve this recognition. They continue to win Best Workplace Awards in both of their main office locations, St. Augustine, FL and Bethlehem, PA. DLP has also been named in The Real Trends 500, a Top 15 Real Estate team by The Wall Street Journal (#1 in PA and NJ) for six straight years, and CEO Don Wenner was recently named as a finalist for the Entrepreneur of the Year® 2019 Awards.
Brite Homes CEO Oren Segev adds, “Aligning with DLP Real Estate Capital will ultimately allow for accelerated growth and execution through countless resources, capital, operations, and amazingly dedicated DLP team members. We look forward to building and selling these beautiful homes of the future, together.”
Home buyers can expect to have fully upgraded homes built within an average of just 90 days. Four generous floor plans include smart features, no HOA fees, and being energy-efficient means lower utility bills. Features include: solar panels, hybrid water heaters, direct flow faucets, home automation, LED lighting, dual pane windows, architectural shingles, spray foam insulation, stainless steel energy-star kitchen and laundry appliances, and efficient HVAC systems.
Brite Homes will focus on building affordable, new construction homes for sale and rent in many markets throughout Florida. Brite Homes most active market today, with dozens of homes being built right now, is Palm Coast, one of the top ten fastest growing cities in the country.
A grand opening broker’s open house will be held on Friday, July 26, 2019, and will include a tour of one of the model homes. More detailed information will be forthcoming.