Sovereign Properties is moving forward with development of the second phase of Dolce Twin Creeks, a 366-unit multifamily property in Allen, Texas, thanks to a $45.5 million senior loan from JLJ Capital and BridgeInvest and a loan commitment of up to $10 million from Cottonwood Communities Inc. Upscale Dallas Project Lands $56M Financing
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Katie Clarke is the Chief Investment Officer of Sovereign Properties where she is responsible for all aspects of portfolio construction. Katie manages Sovereign’s relationships with new and existing debt and equity partners and oversees the firm’s investments from underwriting through development and ongoing management. In addition, Katie is responsible for implementing Sovereign’s Investor and Public Relations strategy. Prior to joining Sovereign Properties, Katie spent 6 years in an investor relations role at Buckingham Capital Management, a Manhattan-based hedge fund with approximately $700 million in assets under management. Katie holds a Master’s degree in Business Administration from Fordham University’s Gabelli School of Business and a Bachelor’s degree in Accounting from the University of Delaware.
Sebastian is an Acquisitions Associate at Sovereign Properties, where he is responsible for identifying trends that lead to high-value land sites for development. Prior to joining Sovereign Properties, Sebastian worked at H20 Capital, a Miami-based venture capital firm, where he was involved in daily meetings with potential founders and the due diligence process. Before H20, Sebastian was part of a 390-parcel gated community project in his hometown of Chihuahua, Mexico where he oversaw marketing. Sebastian holds a Bachelor’s degree in Finance from Suffolk University.
Russ Krivor is the CEO and Founder of Sovereign Properties. Russ launched Sovereign Properties in 2017 and has been developing real estate since 2004, when he launched his first homebuilding company. The firm initially set out to build 5-10 homes annually. By the end of 2006, they had built and sold over 270 homes.
Recognizing the trend away from home ownership in 2008, Russ sought to transform the firm into a powerhouse of multifamily development, with a strong focus on upscale suburbs. He approached a family friend for equity and invested a great deal of his own money to lead his first apartment project in the DFW suburb Mansfield, TX. In 2010 the 334-unit community Dolce Living Mansfield opened its doors. Since then, Russ and his companies have sponsored the development of over 6,500 apartments, targeting high income areas with limited supply across the country.
Russ Krivor is a member of the Forbes Real Estate Council and routinely contributes articles covering the multi-family industry and the future of commercial real estate in the United States. He also sits on the boards of the Chabad of Brickell Community Synagogue in Miami as well as Tikva Children’s Home, an orphanage in his hometown of Odessa, Ukraine.
Daniel Navy is the Controller of Sovereign Properties, where he manages multiple development projects, including their accounting, treasury, and audits. Prior to joining Sovereign Properties, Dan spent 8 years as an auditor at Deloitte & Touche in their Financial Services practice. He worked on multiple global clients in New York, NY, and while on secondment in London, UK. Dan graduated with a Master’s degree in Forensic Accounting from the University at Albany, and is a licensed CPA in New York State.
Brandon Irick is the Vice President of Development at Sovereign Properties where he provides support for all aspects of the development process including land acquisition, planning and design, securing entitlement approvals and building permits, budgeting, underwriting, construction reporting, project close-out, and leasing support. In addition, Brandon is responsible for sourcing and underwriting new development and/or acquisition opportunities. Prior to joining Sovereign Properties, Brandon spent four years as a Development Associate at the Austin, Texas based developer, River City Capital Partners. During his time at RCCP, Brandon served on a team of three that built a $150M ground-up multifamily development pipeline Central Texas. Brandon holds a Bachelor’s degree in Finance from the University of Georgia.
Brian Jones is the Vice President of Investor Relations at Sovereign Properties where he is responsible for supporting Sovereign’s capital raising activities and investor relations program. Brian assists in securing our deal financing from new and existing debt and equity partners. In addition, he is responsible for creating the firm and project marketing, including offering memoranda, monthly construction updates, investment reports, and market newsletters. He also supports the development team in underwriting and communicating investment returns to the firm’s equity partners. Prior to joining Sovereign, Brian spent 5 years as an associate at Morgan Stanley in their Private Wealth Management division. He began his career in their offices on Park Avenue before transitioning to their global headquarters in Times Square. During his tenure, Brian covered various domestic and international clients representing approximately $4 Billion in institutional and UHNW family assets. Brian holds a Bachelor’s degree in Finance from Roger Williams University’s Gabelli School of Business.
Ryan Lang is the Chief Operating Officer of Sovereign Properties where he is responsible for company operations, including development, construction, acquisitions and asset management. Ryan oversees and works closely with the architect, engineers, general contractor, consultants, brokers, and property management team to ensure projects are executed on schedule and within budget. Prior to joining Sovereign, Ryan spent 8 years in a similar position for Gulfshore Development LLC in Naples, FL, where he provided leadership and management oversight for the development of a new luxury waterfront condominium project called Naples Casamore. After completion and sellout, with Ryan’s guidance, his development team created a trend defining residence in the ultra affluent Port Royal neighborhood that eclipsed all previous records for spec home sales. Ryan holds his Bachelor’s degree from Georgetown University.
Albert Sardar is the General Counsel of Sovereign Properties where he is responsible for all legal matters concerning the firm and its principal, on a broad range of national real estate transactions, ranging from corporate formation and governance, joint ventures, mortgage, mezzanine and construction financing, debt restructurings, acquisitions and dispositions of commercial, residential and mixed-use projects, to construction and leasing. Prior to joining Sovereign, Mr. Sardar was a partner at Silverman & Sardar LLP where he developed widespread experience in the area of real estate transactions, specifically with regards to the acquisition, sale and leasing of retail and mixed-use properties, lease restructurings, condominium developments (retail and mixed-use), and counseling clients on lease issues (such as exclusives, radius restrictions, assignment/subletting and “going dark”) in anticipation of and during a lease dispute. Additionally, Mr. Sardar has experience negotiating complex shopping center leases and appearing before various state courts in New York. Over the years, Mr. Sardar has developed a working relationship with many of the major shopping center developers in the United States. Mr. Sardar earned his Juris Doctorate from the Benjamin N. Cardozo School of Law and is admitted to practice law in the states of New York and New Jersey.
Emily Scarpa is the Office Administrator at Sovereign Properties where she provides administrative support for all staff, including the C-Suite and Owner, with tasks like ordering office supplies, tending to guests, and running daily errands to help the office run smoothly, as well as larger assignments such as booking travel, creating and maintaining organization systems, and ad hoc projects. Prior to joining Sovereign Properties, Emily spent 5 ½ years as a Receptionist and Back Office Assistant at Altman Greenfield & Selvaggi, a New York City-based accounting firm for high-net-worth individuals in the entertainment industry. During her time at AGS, Emily worked her way up from Receptionist to Office Administrator, which allowed for more interaction with these individuals to maintain relationships, as well as more administrative work like creating organizational systems, and personally being in charge of depositing client income daily. Emily holds a Bachelor’s degree in Business Administration from Pace University.
Vladimir Koldayev is the Chief Financial Officer of Sovereign Properties where he oversees all financial reporting aspects of the company and its investments, including accounting, treasury, tax filings and audits. Vlad supports the Sovereign team on any key financial matters, as well as reporting to investors or lenders. Prior to joining Sovereign Properties, Vlad spent 10 years in several accounting roles in J.P. Morgan Asset Management’s real estate group and 5 years as an auditor in Ernst Young’s real estate group. Vlad graduated with a Bachelor’s degree in Accounting from the NYU Stern School of Business and is a licensed CPA.