D.E.L. Development Corporation, founded in 1992 by Donald Lippman, specializes in the acquisition, investment, and management of multifamily properties. With a strong emphasis on turning around non-performing apartment communities, the company combines its robust asset management experience with on-site property management expertise to effectively revitalize these assets. Over the years, D.E.L. Development has successfully transformed more than 50 properties, totaling over 6,000 units, showcasing its commitment to delivering quality living environments.
The company prides itself on its ability to identify the underlying issues that hinder property performance. By dissecting dysfunctional operational practices and applying pragmatic solutions, D.E.L. Development puts properties back on a path to recovery. Training programs are implemented to enhance on-site management practices, focusing on improving customer interactions and controlling utility expenses, which are critical for operational success.
D.E.L. Development's exceptional accounting team, with an impressive combined experience of over 60 years, guarantees that financial operations are meticulously monitored, ensuring transparency and adherence to established benchmarks. This thorough audit process aligns property management systems with actual operations, promoting accountability and efficiency.
In addition to management, the firm boasts over $75 million in construction experience, ranging from new builds to renovations and emergency repairs. Their competitive edge includes a flexible construction management background that enables the firm to navigate property improvements seamlessly. This expertise not only enhances property value but also ensures that construction projects meet quality standards while staying within budget.
D.E.L. Development Corporation focuses on fostering a culture of teamwork, evident in its long-tenured staff members, many of whom have been with the company since its inception. The company remains dedicated to its guiding principles of trust, collaboration, and the prioritization of residents' needs, ultimately striving to deliver high-quality homes at competitive price points. Through its innovative investment strategies and commitment to excellence, D.E.L. Development continues to make a significant impact in the multifamily housing market.
