Tag: Millennials

217-Unit Apartment Complex Breaks Ground in Burleson
Media Coverage and Press Releases | March 31, 2021
217-Unit Apartment Complex Breaks Ground in Burleson

KWA Construction, a general contractor specializing in multifamily developments throughout Texas, has broken ground on the Reed Parke Apartments in Burleson. Developer Sovereign Properties selected KWA Construction to build the 217-unit, 296,175-square-foot multifamily complex. 217-unit apartment complex breaks ground in Burleson

$60 Million Construction Financing Secured for Sovereign at Town Center Apartments
Media Coverage and Press Releases | January 11, 2021
$60 Million Construction Financing Secured for Sovereign at Town Center Apartments

JLL Capital Markets announced that it has secured $60 million in non-recourse construction financing for Sovereign at Town Center, a luxury, garden-style multihousing community in Davenport, Florida. $60 million construction financing secured for Sovereign at Town Center apartments

Sovereign Properties is Moving Forward with Development of the Second Phase of Dolce Twin Creeks
Media Coverage and Press Releases | August 15, 2019
Sovereign Properties is Moving Forward with Development of the Second Phase of Dolce Twin Creeks

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

Sovereign Properties CEO Discusses Demographics and The Housing Market
Industry Insights | May 31, 2019
Sovereign Properties CEO Discusses Demographics and The Housing Market

Principal Russ Krivor discusses the millennial generation’s impact on the current housing market with Forbes Magazine’s Real Estate Council in a piece titled, When Will Millennials Finally Buy Homes — If Ever?

Millennials are Renting Longer and Buying Homes Later
Media Coverage and Press Releases | February 25, 2018
Millennials are Renting Longer and Buying Homes Later

Russ Krivor noticed a trend back in 2007 that has endured for nearly a decade: “Millennials are renting longer and buying homes later,” he says, citing a statistic that millennials will spend, in aggregate, 80 percent more rent in their lifetimes than baby boomers. Krivor, who co-founded real estate development firm, Sovereign Properties, says millennials wait longer to marry and…