Russ Krivoruchko Describes the Growth of Multifamily Real Estate

Russ Krivor and his brother Igor are the founders of DLC Residential, a company dedicated to seeking out niche markets for development and investment opportunities. One opportunity that Russ and his brother have noticed continues to grow in popularity is that of multifamily real estate. This asset class has seen the highest appreciation from any of the major commercial real estates asset classes during the past fifteen years.

The Krivor brothers develop only class A properties across their markets.  A Class A property is one that provides a condo-style apartment paired with hotel-like amenities. That is to say, barbecue areas will be available, resort-style pools, gyms for tenants and more. These investments require larger capital outlay up-front but often yield the largest return on investment.

When they do develop an asset. They analyze every facet of the opportunity, which includes the school district in which it is located, the barriers to entry in the market, and the occupancy level of surrounding apartment communities. Additionally, once they have selected a piece of land, they set out to tailor the amenity package to the area in order to maximize profits. Nowadays, fast internet connections are must, sound proof walls are an important perk, and modern washers and dryers get a 1-2% rent bump.The little things can add up to large dividends when it comes to attracting the best tenants.

For more information regarding investment opportunities in multifamily investing, visit the DLC Residential website today!