Team Spirit

We are proud of the long tenure of so many team members.  Everyone at our home office has served for at least five years, some for over ten years!

On site many of the team, approximately 25%, have over three years, several over five years and one who has been with us since we opened our doors.

Congratulations

Congratulations to the 2013 Distinguished Service Award Recipients!

DEL has recognized the following top leaders.

Jose Reyes
Maintenance Supervisor

Andrea Hetzler
Property Manager

Lorena Ataides
Accounting Team

Residential

Residential Property

Multifamily projects bought by D.E.L. vary in construction type, age and geographic location.  Each property represents an opportunity to create value by meeting community needs through wise investment of capital, assessing housing needs of an identified target market, and building a business plan to deliver a higher quality home at a more competitive price point.  
Residential Multi Family

Commercial

Commercial Property

D.E.L. Development Corp. identifies opportunities to acquire and manage office buildings through its exposure to the various markets it operates in.  In situations where the firm's ability to analyze and reduce operating expenses enables it to create value in a stable office market, those opportunities have been pursued. Leasing is typically handled by commercial brokerage firms.
Commercial Properties

Mixed Use

Mixed Use Properties

Mixed use opportunities come to the attention of D.E.L. through its exposure to multifamily housing markets.  Where properties have a relatively small amount of retail or office space with a larger apartment community, D.E.L. maximizes value by improving apartment operations and hiring appropriate specialists to lease the commercial space.
Mixed Use Properties
Featured Property: The Reserve At Lakeshore
The Reserve at Lakeshore is a 240 unit apartment community located in Chattanooga, TN that was constructed in several stages from the 1950's to 1978. It is located on 23 acres that over look Lake Chickamauga and afford over 75% of the apartment homes outstanding waterfront views. The property was purchased based on its income and expenses that were in place at the time of acquisition. Management believed that due to prior ownership allowing the asset to fall into disrepair and not effectively control expenses, there was a significant opportunity to create value through renovating and repositioning the asset.
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