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Private Investment Firm Buys Student Housing Complex Near University of Houston

DLP Capital To Convert Some of Property's Units Into Traditional Apartments
Before it was acquired by DLP Capital, The Proper served as a student housing complex with 700 beds. (Steve Lee/CoStar)
Before it was acquired by DLP Capital, The Proper served as a student housing complex with 700 beds. (Steve Lee/CoStar)
By Yeti Kenaw
CoStar Research
February 24, 2022 | 4:12 P.M.

DLP Capital has purchased The Proper, a 235-unit student housing complex located about a mile from the University of Houston, and plans to convert a portion of the property into workforce housing.

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IN THIS ARTICLE


  • Properties
  • Contacts
    • Barry DeGroot

      Managing Principal & Chief Legal Counsel, DLP Capital Holdings