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DSP Portfolio
Frontier Apartments - 194 Units
DSP Real Estate Capital announces the $17.6 million acquisition of Frontier Apartments, a 182-unit apartment community in Roanoke, VA. The acquisition marks the company's second acquisition for 2020. Established in 2020, DSP is managed by a team of commercial real estate investors and industry veterans focused on acquiring multi-family properties in Virginia, Maryland, North Carolina and South Carolina. DSP extends their appreciation to Drew White & his team at Berkadia, who brokered the sale for the Seller and Stephen Karbelk, CENTURY 21 Commercial New Millennium, who represented the Purchaser.
In August 2021, DSP Real Estate Capital acquired White Hall Apartments, a 12-unit apartment community adjacent to Frontier Apartments, for $750,000. DSP extends their appreciation to Clay Taylor with Cushman & Wakefield Thalhimer, who brokered the sale for the Seller and Stephen Karbelk, CENTURY 21 Commercial New Millennium, who represented the Purchaser.
In August 2021, DSP Real Estate Capital acquired White Hall Apartments, a 12-unit apartment community adjacent to Frontier Apartments, for $750,000. DSP extends their appreciation to Clay Taylor with Cushman & Wakefield Thalhimer, who brokered the sale for the Seller and Stephen Karbelk, CENTURY 21 Commercial New Millennium, who represented the Purchaser.
The Sterlingwood Apartments - 162 Units
On March, 31, 2022, DSP Real Estate Capital, LLC acquired Sterlingwood Apartments, a 162-unit Garden style apartment community located in the suburbs of Roanoke, Virginia. Originally constructed in 1973, Sterlingwood Apartments benefits from near 100% occupancy rate and its close proximity to William Fleming High School, I-581 and US 220. The property marks the fourth acquisition for the firm in its short time since creation, the second in Roanoke. On the transaction, DSP Real Estate Capital LLC was represented by Stephen Karbelk, CENTURY 21 Commercial New Millennium and Drew White & Carter Wood, Berkadia. Phil Brannigan, Berkadia Capital Markets, secured the Freddie Mac financing. DSP was represented by Alan Frieden, Esq & Scott Seary, Esq. with Faggert & Freiden, PC, Virginia Beach, VA. The escrow and closing was managed by Amir Raminpour, Esq., RL Title & Escrow, McLean, Virginia
Belmont Landing - 140 Units
In July 2022, DSP Real Estate Capital, LLC acquired the Greens at Sunchase and Suchase at Longwood Apartments. In March 2023, the property was re-branded as Belmont Landing.
Belmont Landing is a 140-unit property located in Farmville, VA. Farmville is nestled against the Appomattox River in the rolling hills of the Piedmont of Virginia that is consistently known for its picturesque beauty. While the area is a main destination for tourism, recreation, and trade, the area is bolstered by the best in higher education with Longwood University, Hampden-Sydney College, and Southside Virginia Community College. The Property resides just a short 4-minute drive from Longwood University, which fuels the consistent annual demand for luxury multifamily product in the market.
Belmont Landing is a 140-unit property located in Farmville, VA. Farmville is nestled against the Appomattox River in the rolling hills of the Piedmont of Virginia that is consistently known for its picturesque beauty. While the area is a main destination for tourism, recreation, and trade, the area is bolstered by the best in higher education with Longwood University, Hampden-Sydney College, and Southside Virginia Community College. The Property resides just a short 4-minute drive from Longwood University, which fuels the consistent annual demand for luxury multifamily product in the market.
Countryside Estates - 108 Units
On November 10, 2022, DSP Real Estate Capital, LLC acquired Countryside Estates, a 108-unit Garden style apartment community located in the suburbs of Roanoke, Virginia. Originally constructed in 1971, Countryside Estates benefits from Above market average size and its close proximity to William Fleming High School, I-581 and US 220, making the property an optimal living community for working families. The property marks the sixth acquisition for the firm in its short time since creation, the fourth in Roanoke. On the transaction, DSP Real Estate Capital LLC was represented by Stephen Karbelk, CENTURY 21 Commercial New Millennium and Clay Taylor, Cushman & Wakefield. DSP was represented by Alan Frieden, Esq & Scott Seary, Esq. with Faggert & Freiden, PC, Virginia Beach, VA. The escrow and closing were managed by Amir Raminpour, Esq., RL Title & Escrow, McLean, Virginia
Fountains of Edenwood - 168 Units
In June 2023, DSP Real Estate Capital LLC acquired Fountains of Edenwood, a 168-unit garden style located in the highly coveted Lexington County of Columbia, SC. Originally constructed in 1970, Fountains of Edenwood offers residents a neighborhood setting with convenient access to the Columbia Metropolitan Airport, lifestyle amenities and major employers such as Amazon. Community amenities include a newly constructed, Class-A clubhouse with community room, fitness center, pool, BBQ grills, a dog-park, playground, and shuffleboard.
Three Rivers Apartments - 108 Units
In June 2023, DSP Real Estate Capital LLC acquired Three Rivers, a 108-unit townhome style apartment community located in Columbia, SC. Originally constructed in 1974, Three Rivers, offers residents the rare combination of location, spaciousness, comfort, and convenience. Nestled in mature trees directly off I-126, Three Rivers offers direct access to downtown, the University of South Carolina, and St. Andrews. Community amenities at the property include a picnic area with BBQ grills, clubhouse, pool, and package service.
The Farrington - 158 Units
In June 2023, DSP Real Estate Capital LLC acquired The Farrington, a 158-unit garden and townhome style apartment community located in Columbia, SC. Originally constructed in 1970, The Farrington offers residents an attractive mix of 1-bedroom garden style units along with 2- and 3-bedroom townhome style units. The property is conveniently located near interstates I-20 and I-26 providing convenient access to major employment and entertainment hubs. Community amenities at the property include tennis courts, clubhouse, business center, a pool, and playground.
West Wind - 95 Units (BTR)
In February 2024, DSP Real Estate Capital LLC acquired West Wind Townhomes, a 95-unit Build-to-Rent style community located in the highly coveted Fredrick County of Virginia. Constructed in 2023, West Wind offers modern living spaces equipped with smart-home technology, stainless-steel appliances, granite countertops, and hard surface flooring on each level. Situated in Stephens City, residents enjoy proximity to shopping, dining, and essential amenities, with easy access to Winchester and major employment centers in northern Virginia.
The Meadows at Berkeley Ridge - 148 Units BTR
In March 2024, DSP Real Estate Capital LLC completed the acquisition of The Meadows at Berkeley Ridge, a 148-unit Build-to-Rent style community nestled in Martinsburg, WV. Constructed in 2023, Meadows presents contemporary living spaces featuring Individual Garages, integrated smart-home technology, stainless-steel appliances, granite countertops, and hard surface flooring across all levels. Positioned in Martinsburg, residents relish in the convenience of a plethora of shopping and entertainment venues nearby, alongside seamless access to major highways facilitating effortless commutes to neighboring locales.
Ashley Park - 272 Units
In December 2024, DSP Real Estate Capital LLC proudly completed the acquisition of Ashley Park Apartments, a 272-unit garden-style community located in Richmond, VA. Built in 1988, Ashley Park provides an attractive living experience with features such as spacious layouts, updated flooring, modern cabinets, and well-maintained grounds. Conveniently located just 7 miles from downtown Richmond, residents benefit from easy access to Chippenham Parkway, local shopping, dining, and entertainment options. Proximity to major employers, hospitals, and mixed-use developments further enhances Ashley Park’s appeal, ensuring a vibrant and connected living environment.
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