Since 2004, principal Russ Krivor has been engaged in the concept, development, construction, and project management of income generating real estate in the strongest job-growth markets across the United States. As a result of this conservative approach to real estate, Sovereign Properties and its former affiliate brand, DLC Residential, have been able to assemble over $300 million in equity under management, resulting in over 4,000 completed and leased apartments.
The Sovereign strategy is focused on high-growth sunbelt markets where population growth and job gains continue to significantly outpace the broader United States. Our target markets are generally high-end suburbs with top-rated school districts, high median incomes, and difficult zoning (creating barriers to entry for our competitors). These barriers to entry not only insure strong rent growth, they are also a key ingredient for strong appreciation in the years to come. We look to acquire and construct cash flowing assets that cater to middle-class professionals in these markets .
On the apartment side, we build and acquire class-A apartments that cater to families and millennials looking for low maintenance, luxurious condo-quality finishes. On the retail side, we target cash flowing assets with a tenant mix that primarily consists of grocery stores and fast-casual dining restaurants. Both of these industry segments are thriving among millennials and are in no danger of being affected by the transition to online shopping.
We believe these asset types are a winning combination that create a diverse portfolio of cash flow for our investors with all the tax benefits of long term real estate ownership.
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