At Compass, our commitment to creating impactful development goes beyond building properties; it’s about building stronger communities. Our partnership with DLP Capital exemplifies this mission, allowing us to scale transformative projects across the Smoky Mountain region. This collaboration thrives on shared values and a joint focus on tackling the community’s most pressing needs, from housing affordability to economic revitalization.
DLP Capital’s approach to "Impact Investing" is foundational in our projects together. With DLP’s capital resources and commitment to addressing housing shortages, we’ve accelerated developments like The Boulevard Apartments, a 312-unit apartment complex located near Dollywood, which addresses the critical need for affordable housing for residents in this high-tourism area. The Lodges at Reedmont is another example—a 184-unit lodging resort built in partnership with DLP and positioned adjacent to Sevierville’s largest water park. Together, these projects bring both residential options and tourism opportunities, strengthening the local economy.
Our partnership with DLP goes beyond project financing. Both Compass and DLP Capital prioritize values like integrity, community, and impactful action. We align on the vision that a development should be more than a financial investment; it should be a catalyst for lasting positive change. For instance, at Boulevard Apartments and other housing developments, we’ve introduced community-focused initiatives, including partnerships with local churches to provide a Community Life Director for tenants, enhancing residents' lives beyond housing. Through this role, residents enjoy family activities, movie nights, and other events, cultivating a true sense of community within our developments.
This partnership has enabled us to condense development timelines significantly, allowing us to address urgent housing needs faster than ever before. DLP Capital’s resources mean we can bring projects like Boulevard Apartments to completion in a single, 18-month phase—far quicker than our traditional phased approach. This accelerated timeline not only meets the community's immediate needs but also enhances the efficiency and impact of each project.
As both companies continue to grow and invest in Sevierville and the greater Smoky Mountain area, our shared values drive us toward ambitious goals, such as providing 2,000 new housing units over the coming years. This partnership with DLP Capital empowers us to bring our collective mission to life on a grand scale, creating developments that deliver economic, social, and spiritual value to our community.
Together, Compass and DLP Capital are paving the way for a brighter, stronger future—one development at a time.
Check out DLP's Spotlight Video of our leader Austin at the link: https://www.facebook.com/share/p/63jyzJyACzDMbnPM/
