About Delva Capital
Built on accountability. Structured for institutional investors.
We are a U.S.-based investment management firm with a singular focus: connecting accredited capital to institutional-quality real estate development in the Dominican Republic.
Kevin Delva
Founder & Managing Principal
Our Founder
A bridge between U.S. capital and Caribbean opportunity
Delva Capital was founded by Kevin Delva with a clear thesis: the Dominican Republic offers one of the most compelling risk-adjusted real estate development opportunities in the Western Hemisphere — and U.S. investors have historically lacked a credible, properly structured way to access it.
Kevin Delva is a Dominican Republic-based real estate attorney and Managing Partner of Gratereaux Delva & Asociados, a DR law firm focused on real estate transactions. His legal practice centers on representing developers, investors, and buyers and sellers of real estate across the Dominican Republic — giving Delva Capital a structural advantage in deal sourcing, title diligence, permitting, and local transaction execution that outside managers cannot replicate. His firsthand experience structuring complex real estate transactions in the DR, combined with deep relationships with local developers, municipal contacts, and legal counsel across the country's primary coastal and urban markets, is the foundation of the firm's deal flow and operational edge.
His approach combines the precision of legal practice with the operational discipline of real estate development management. Every structure Delva Capital creates is one he has reviewed as a lawyer, negotiated as a deal principal, and is prepared to defend line by line to any investor who asks.
Delva Capital is registered in Delaware and operates in full compliance with U.S. securities regulations applicable to private placement offerings.
Our Mission
"To make institutional-quality real estate development in the Dominican Republic accessible to U.S. accredited investors — through structures they understand, with accountability they can rely on."
We exist because access to emerging-market real estate has historically required either local presence or tolerance for opaque structures. We built Delva Capital to change that for the Dominican Republic specifically — a market we know deeply and believe in fundamentally.
Legal Structure
U.S.-structured. DR-executed. Transparent at every layer.
Understanding how capital flows from you to the project — and back — is the foundation of a sound investment relationship. Here is exactly how we are organized.
U.S. Holding Entity
Delva Capital LLC (Delaware) serves as the management company and general partner/managing member across all investment vehicles. This is the entity you contract with, and it is governed entirely by U.S. law.
Project-Level SPV
Each development project is isolated in its own Special Purpose Vehicle — typically a Delaware LLC or LP. Investors subscribe as limited partners or members. The SPV holds the DR project ownership interest.
Dominican Republic Operating Entity
The SPV holds a controlling interest in a DR-registered entity (S.R.L. or S.A.S.), which directly owns the land and executes the development. DR legal counsel oversees title, permitting, and local compliance.
Why the Dominican Republic
A market with structural tailwinds and limited institutional competition
Most institutional real estate capital targets the same gateway markets. The Dominican Republic offers a compelling alternative: strong fundamentals, improving infrastructure, and a window of opportunity before institutional competition intensifies.
Sustained Economic Growth
The Dominican Republic has been one of the fastest-growing economies in Latin America for over a decade, with GDP growth consistently outpacing regional averages and major structural reforms supporting private investment.
Tourism Infrastructure
Punta Cana International Airport is among the busiest in the Caribbean. New airport expansions, improved highway networks, and marina developments are extending tourist access to previously underserved markets.
Diaspora & Foreign Demand
A large Dominican diaspora — particularly in New York, Miami, and Puerto Rico — represents a deep and culturally motivated buyer pool for residential product, independent of foreign tourist demand.
Supply-Demand Imbalance
Despite rising incomes and population growth, housing supply in the DR's primary urban and coastal markets remains significantly undersupplied relative to demand — particularly at the mid-market and premium residential tiers.
Begin Your Investment Journey
Ready to explore the Dominican Republic opportunity?
We work with a select number of investors per project. If you meet the accredited investor standard and are conducting serious diligence, we'd welcome a conversation.
For accredited investors only as defined under SEC Rule 501(a). This is not an offer to sell securities. Any offer will be made only by means of an offering memorandum to qualified investors.