Delphi Development LLC was created in December 1998 to invest in and develop socially
responsible for-profit real estate and business ventures. Building on three decades of our
founder's successful experience in the real estate industry, we know how to produce results.
We have always worked for our investors to produce exceptional returns on capital while
adding true value to the neighborhoods and communities in which we work.
We utilize the issuance of Reg. D Offerings to qualified investors for investment opportunities
that: 1) prove out thru Delphi's extensive due diligence efforts and 2) are located in western
North Carolina where Delphi has extensive local knowledge and professional networks.
We are advocates of investing local and the supporting of local businesses within the
community. We do, however, accept investment dollars from qualified investors from all over
of the world.
We work hard, day in and day out, to mitigate risk exposure to our investors, prior to the
offering and thru the duration of the investment period. We stay with our investments,
intimately involved in all aspects of the assets, thru the entire investment period.
Since our founding in Asheville North Carolina in 1999, Delphi has created over
$114 Million in
real estate value for western North Carolina communities.
Completed the historic restoration of the historic Piedmont and Moskins Buildings into a
mixed-use development containing condos, apartments and retail businesses
Completed the mixed use community, Eastwood Village in the Fairview community,
containing single family homes, condominiums, luxury apartments, state of the art
day care facility, and retail village
Completed the historic restoration of Sawyer Motor Building and surrounding city block into
mixed use residential condos and urban retail/office
Completed the luxury apartment community and Mansion restoration of the Mosteller
Estate in Hickory, NC
Funded and partnered in the web based software firm Metasphere LLC
Secured the purchase and funding of the Legends luxury apartment community
Purchased and secured historic tax credits for the Olde Hickory Mill urban redevelopment
Purchased and entitled for development the 20 acre commercial tract and the interchange
of Hwy 321 and Hwy 10 in Catawba County
Founded the street art program in downtown Asheville to promote visual and performing
Sponsored and Served on Board of Directors of Kids Voting, a non-profit organization
promoting voting awareness and education for school aged children
Served on Board of "Sustainable Economic Development Committee" appointed by Asheville City Council-1999.
We strategically sold all properties in Asheville NC over the 2005 to 2007 period achieving
high yields and security for all investors. We have weathered the great recession thru
intensive management and numerous refinancing, and have now begun closing on sales of
Hickory properties achieving a full return of capital to investors to date. (1/13)
Delphi Development LLC was created by and is wholly owned by Harry Pilos. Harry has
over 30 years experience in real estate investing, finance and management.