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We are actively seeking existing value-add or development projects that may be a potential fit for an investment by our Fund. Please keep the Fund in mind and contact us for any current or future projects that allow us to consider a co-investment.

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Daniel M. DiLella & Thomas M. Mulroy

Real Estate Student Managed Fund


Villanova University is the first university to offer undergraduate students the opportunity to manage a real estate investment fund.

About the Fund

DiLella-Mulroy Fund

In 2018, the Villanova School of Business and the Daniel M. DiLella Center for Real Estate launched the Daniel M. DiLella and Thomas M. Mulroy (DiLella-Mulroy) Real Estate Student Managed Fund. The Fund consists of students who serve as senior managers, analysts and interns who work cohesively to research, evaluate and underwrite potential commercial real estate investment opportunities.

By the Numbers
(as of March 2023)

Portfolio Count


Realized Investments


IRR of Returned Investments

32.43% (Average)

Equity Multiple of Returns

1.81x (Average)

Portfolio Occupancy Rate

90% (Average)

Deal Sponsors


DiLella Mulroy Fund

Student Opportunities

Fund Managers

Student Fund Managers are seniors who work closely with the Business Fellow to evaluate deals and present findings to members of the Fund's Investment Committee.

Fund Analysts

Analysts, juniors at VSB, support the Fund Managers through the entire investment process. 

Fund Interns

Interns are sophomores looking to learn more about real estate investing and managing a portfolio.

© 2022 by Villanova University's Daniel M. DiLella Center for Real Estate

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