The Opportunity
The Opportunity of a Generation.
America's housing shortage isn't a blip — it's structural, and demand isn't going anywhere. DBL Capital exists to help close that gap, and to compound real returns for accredited investors while we do.
THE OPPORTUNITY
America Doesn't Have Enough Affordable Housing. That's a Problem & an Opportunity.
21 million working families — nurses, teachers, firefighters, the people who keep our towns running — are getting priced out of the neighborhoods they serve. Big institutions chase luxury. Politicians argue. Meanwhile the shortage just keeps growing. For investors paying attention, the math isn't complicated.
21M
Families spending 50%+ of income on just housing
7.1M
Affordable homes America that still need to build out
98%
Occupancy in affordable markets vs. 89% for luxury
Why Now
Six Reasons Workforce Housing Works.
Any one of these would be a good reason. Together, they make this one of the most lopsided long-term opportunities in U.S. real estate.
Demand That Doesn't Quit
Nurses, teachers, firefighters — the people who keep towns running — are getting priced out of the places they work. They're not going anywhere, and they still need somewhere to live.
Not Enough Homes
America is short more than 7 million affordable homes. Most institutional money has chased luxury, which leaves a gap that only gets bigger as more households form than houses get built.
Better Fundamentals
Workforce housing routinely runs 98%+ full with less turnover than luxury. That tends to mean steadier cash flow and a softer landing when the market wobbles.
Holds Up in Downturns
When the economy tightens, people trade down — and demand for affordable rentals actually goes up. It's one of the few corners of real estate that gets stronger in a rough patch.
Policy on Our Side
From opportunity zones to faster local approvals, governments at every level are starting to reward builders who can actually deliver attainable housing.
We Control the Stack
Land, design, construction, operations — we manage all of it. That means margin we don't give away and a lot fewer surprises from outside partners.
Our Thesis
How We Actually Capture Returns.
A focused, vertically integrated approach built to deliver steady, risk-adjusted returns through whatever the market throws at us.
01
Build, Don't Buy
We create new homes at prices people can actually afford, instead of bidding up what's already standing.
02
Build Where It's Needed
We focus on Sun Belt markets with real job growth, real in-migration, and a real shortage of housing.
03
Built to Hold
Every project is underwritten as a long-term, cash-flowing asset — not a quick flip. Our incentives line up with yours.
The DBL Capital Difference
What Makes DBL Capital Different
We run the same thesis as the largest workforce housing funds. What they can't match is what sets us apart.
01
We Build Housing — We Don't Just Buy It
Most funds buy what's already standing and hope it appreciates. We build new workforce housing from the ground up, lot by lot. That means we capture the upside of development and actually add to the supply that's missing.
02
Vertically Integrated from Day One
We operate alongside a sister construction company and mortgage company. No middlemen, no markup, no delays — just wholesale pricing, faster timelines, and a feedback loop no outside operator can match.
03
The Opening Big Institutions Can't Fit Through
Building scattered infill homes in everyday neighborhoods is messy and can be slow at scale — exactly why the giants stay away. Our local teams and tight process turn that complexity into our edge.
04
Founder-Led, Fully Aligned
Leadership runs this fund as a general partner, meaning their success is your success — just a small team with skin in the game because the fund is structured so investors receive their preferred return before the general partner earns a dollar.
Our Approach
We Don't Just Invest in Workforce Housing — We Build It.
DBL Capital controls every aspect of the investment from land acquisition through construction, sale, and long-term operations. The fund grows stronger as the housing shortage intensifies.
Douglas Brooke Homes
Land Acquisition & Construction
Infill lot-and-block construction captures development upside while directly solving the supply problem — not just acquiring at market price.
*Inc 5000 #10 fastest growing construction company (2022)
DBL Home Mortgage
Home Buyer Financing
Offer buyers rate buydowns and closing cost incentives that accelerate closings, reduce deal fallthrough, and keep the build pipeline moving.
Track Record
Our Experience
$100M+ in completed real estate projects across our family of companies — through recessions, market cycles, and natural disasters
We consistently deliver below competitor pricing, accelerating reinvestment timelines and improving annual yields
Our related construction company ranked as the 10th fastest-growing construction firm in the U.S. on the Inc. 5000
30+
Years Experience
150+
Industry Partners
$100M+
Completed Projects
Is This Right For You?
Built for Investors Who…
Are accredited investors with $250K+ to deploy
Prefer income + long-term appreciation, not speculation
The fund holds hard assets — a built-in hedge against inflation.
Want a real operating structure & team
Want passive real estate without being a landlord
Value formal structure, compliance, and discipline
Are comfortable with longer-term capital strategies
Capital Preservation
Conservative underwriting, disciplined risk management
Predictable Income
Consistent distributions from stabilized cash-flowing assets
Long Term Growth
Value-add improvements and patient capital appreciation
FUND STRUCTURE
How Our Evergreen Fund Works
SEC-regulated fund structure (Reg D 506(c))
Accredited investors only
$250,000 minimum investment
3-year minimum initial term
Tax-advantaged depreciation
Quarterly progress reports
1.5% annual management fee
Class A membership units
Limited Partner (LP)
You invest as a limited partner, pooling capital with other investors to fund operations.
General Partner (GP)
We serve as the general partner, managing and overseeing all limited partner investments.
Truly Passive Real Estate Investing
Your Capital. Working Without You.
Capital starts earning when first dollar of capital is deployed (~30–45 days)
Annual distributions with option to reinvest
Up to 70% debt financing with no personal guarantee
Reinvested distributions don't restart the 3-year clock
Tax advantages: depreciation, K-1, cost segregation
Minimum $250,000 | Reg D 506(c) | Accredited only
8%
Preferred Return
12%
Target ROE (80/20 Split)
50/50
Split Above 12%
*All the above net of fees.
Market Timing
The Window Is Open. Not Forever.
98% occupancy in affordable markets — demand is not softening
Large institutions still chasing luxury; workforce opportunity remains wide open
Rate environment creating discounted entry points
Overleveraged operators exiting — less competition for quality assets
Patient capital wins when others are forced to sell
Structural forces driving this opportunity are not going away
Building generational wealth that impacts future generations
Family of Companies
Our Family of Companies
A Vertically Integrated Platform — Construction, Mortgage, Capital, and Investment
See How the Fund Works.
The DBL Housing Fund is open to accredited investors only, with a $250,000 minimum. Reach out to our investor relations team and we'll walk you through it.
Building the Housing America Needs. Building Wealth That Lasts.
QUICK LINKS
FUND
IMPORTANT DISCLOSURE
This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Offers are made only by private placement memorandum to accredited investors. Past performance is not indicative of future results. Investing in real estate involves substantial risks, including the potential loss of principal.
Returns are not guaranteed. Full risks and terms are detailed in the Private Placement Memorandum.
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For accredited investors only. This is not an offer to sell securities. All investments involve risk of loss.