DEL Development
DEL Development Corporation is a Marietta, Georgia-based real estate investment and property management firm founded in 1992, specializing in acquiring and repositioning underperforming apartment communities and currently managing 3,400+ units.
- Company typePrivate
- Founded1992
- HeadquartersMarietta, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What DEL Development does
DEL Development Corporation is a Marietta, Georgia-based real estate investment and property management firm founded in 1992 by Donald Lippman. The company specializes in acquiring and repositioning underperforming apartment communities, with a cumulative track record of revitalizing more than 50 properties and acquiring over 30 assets since inception. It currently manages 3,400+ units across its portfolio alongside its longer history of having overseen 6,000+ units in total.
The firm's operating stack is built on Entrata's property management platform, deploying the ProspectPortal and ResidentPortal products along with the vendor's AI/ML virtual leasing assistants to automate leasing workflows. Onboarding leverages the same platform to centralize tenant screening and communications. Compliance posture covers CCPA and PCI-DSS through the platform integration. Leadership is family-led, with Donald Lippman serving as President, Michael Lippman as VP of Acquisitions (since 2022), Betsy Dearing as Controller (since 2002), and Sandra A. Zuniga as Regional Manager (since 1998).
DEL Development earns revenue through a combination of recurring property management fees on the 3,400+ units currently under management, asset management fees for owned or partner capital, and transaction-related acquisition and disposition fees tied to its investment activity. Its customer base consists of the ownership entities behind the apartment communities it repositions and operates, primarily within value-add multifamily housing.
DEL Development firmographics
Firmographics- Name
- DEL Development
- Legal name
- DEL Development Corporation
- Website
- https://deldevelopment.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- DEL Development Corporation is a Marietta, Georgia-based real estate investment and property management firm founded in 1992, specializing in acquiring and repositioning underperforming apartment communities and currently managing 3,400+ units.
- Ownership category
- akta.pro rank
DEL Development industry classification
Industry- Product category
- Multifamily Property Management and Asset Management
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where DEL Development is headquartered
LocationHeadquarters
- HQ city
- Marietta
- HQ country
- United States
- HQ region
- North America
Markets served
DEL Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Property Management Services: DEL Development Corp generates revenue through property management fees charged to property owners for managing their apartment communities. The company provides comprehensive property management including tenant relations, maintenance, and operational oversight.
- Asset Management and Turnaround Services: Revenue is generated through strategic asset management services that reposition underperforming properties, including renovation oversight, operational improvements, and performance optimization for property owners.
- Acquisition and Investment Services: The company earns fees related to real estate acquisitions and investment underwriting for new opportunities, with Michael Lippman overseeing acquisitions and assisting with asset management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Custom property management and turnaround services |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
DEL Development product offering
Product offeringCore offering
DEL Development Corporation specializes in turning around underperforming apartment communities by combining strategic asset management with hands-on property management. Since 1992, the firm has revitalized over 50 properties and more than 6,000 units, providing property owners and investors with renovation oversight, operational improvements, tenant relations, maintenance, and real estate acquisition services.
Product overview
DEL Development is a real estate investment and property management firm (not a software company). The company operates as a single integrated service offering focused on turning around underperforming apartment communities. The core products include Property Turnaround Services, Asset Management, Property Management, and Acquisitions. These services are delivered through the company's own team of professionals using strategic asset management practices and hands-on property management approaches. DEL Development does not offer a software platform or technology product.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Turnaround Services
Quantifiable outcome
- Revitalized over 50 properties and more than 6,000 units since 1992
- +2 more outcomes
Companies that use DEL Development
Customer profileSegments2 records
Ideal customer profiles1 record
DEL Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DEL Development partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Entrata, Inc.coreEntrata provides the property management software infrastructure powering DEL Development's operations, including ProspectPortal for prospect-facing property listings and ResidentPortal for resident management. The platform includes virtual leasing assistants powered by artificial intelligence and machine learning algorithms.
Scale indicators5 records
Recent moves3 records
Expansion highlights2 records
DEL Development competitors and assessment
Company assessmentDirect peers
- Greystar Real Estate Partners: The largest multifamily property and asset management company in the US, offering integrated investment management, property management, and turnaround services to owners of apartment communities. Directly comparable to DEL on the combined asset + property management model, though at vastly larger scale.
- Lincoln Property Company: Major US multifamily property manager and investor that delivers property management, asset management, and acquisition services across a national apartment portfolio. Comparable to DEL in providing integrated property and asset management for owners of multifamily assets.
- Mission Rock Residential: National multifamily property management company that manages apartment communities for institutional and private owners, with a focus on operational performance. Comparable in business model and customer base to DEL's property management operations.
- Asset Living: National multifamily property management firm managing a large portfolio of apartment communities for institutional and private owners. Comparable to DEL on third-party multifamily property management service delivery at scale.
- RPM Living: Multifamily property management company serving owners of apartment communities with full-service management, due diligence, and asset repositioning support. Directly comparable to DEL on the property management + owner advisory model.
- Bell Partners: Multifamily investment and property management firm that acquires, repositions, and operates apartment communities across the US. Closely comparable to DEL's turnaround and value-add multifamily strategy and integrated acquisition/asset management offering.
- FPA Multifamily: Multifamily property management firm providing property management, due diligence, and consulting services to apartment owners and investors. Comparable to DEL on owner-facing multifamily management services.
Broad incumbents
- CBRE Group: Global commercial real estate services and investment firm with a multifamily property management practice serving institutional owners. Comparable to DEL on asset and property management for apartments, though CBRE operates as a much broader diversified incumbent.
- JLL: Global real estate services firm offering property management, investment sales, and asset management across asset classes including multifamily. Broad incumbent comparable to DEL on the property and asset management services it sells to apartment owners.
- Cushman & Wakefield: Global real estate services firm that, among other services, provides multifamily property management and investment sales for apartment owners. Broader incumbent comparable to DEL on the property management side but operating across many asset classes and geographies.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
DEL Development social profiles
Digital presenceDEL Development compliance and trust
Trust signalCompliance2 records
DEL Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
DEL Development leadership team
Management profileNumber of profiles
Profiles4 records
DEL Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DEL Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DEL Development
What does DEL Development do?
DEL Development Corporation specializes in turning around underperforming apartment communities by combining strategic asset management with hands-on property management. Since 1992, the firm has revitalized over 50 properties and more than 6,000 units, providing property owners and investors with renovation oversight, operational improvements, tenant relations, maintenance, and real estate acquisition services.
Is DEL Development a public or private company?
DEL Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DEL Development founded?
DEL Development was founded in 1992. It employs 51 to 100 people.
Where is DEL Development based?
DEL Development is headquartered in Marietta, United States, in the North America region.
How does DEL Development make money?
Three revenue lines are on record. Property Management Services are the primary driver. The others are asset Management and Turnaround Services and acquisition and Investment Services.
Who are DEL Development's main competitors?
Direct peers on record are Greystar Real Estate Partners, Lincoln Property Company, Mission Rock Residential, Asset Living, RPM Living, Bell Partners and FPA Multifamily. Broad incumbents are CBRE Group, JLL and Cushman & Wakefield.
Does DEL Development have an API?
No public API is recorded for DEL Development.
What industry is DEL Development in?
DEL Development's product category is Multifamily Property Management and Asset Management. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 531311 and its SIC code is 6513.