Presenter

Igor Krivor

DLC Residential

Igor Krivor is the owner of DLC Residential – a multi-family development firm based in Aventura, Florida. He was born in Ukraine and immigrated to the United States with his family in 1989 at the age of 13. His family started a printing business soon after, where Igor took over the sales department while he was still in high school. In 1999, they sold the business and Igor invested their wealth into Chicago real estate ventures. He began by renovating older buildings into condominium conversions, then advanced to new construction projects. The timing was right and the business took off amidst the area’s urban renewal movement. Realizing the benefits that tangible assets bring the real estate investment segment, Igor and his younger brother expanded their venture and formed DLC Residential in 2009. Their goal was to build 10 homes a year, but by the end of the first year, DLC Residential had sold 150 homes.  After realizing the benefits of rental cash flow and the trend away from home ownership, they decided to begin focusing on the multi-family arena across the United States – carefully targeting areas with strong growth and upwardly-mobile populations. They selected the best of these locations in emerging markets and began building Class-A luxury apartment communities. Early on, they pioneered a new construction model by forming their own in-house General Contractor model and awarded their team on a performance-based system. They also added an in-house architectural department to manage the scope and review of bids from subcontractors – resulting in additional savings by avoiding costly change orders once projects began. Both concepts proved successful in completing projects on time and on budget, and financially enhancing the bottom line of their communities. These innovations – as well as careful research and forethought has enabled DLC Residential to assemble over $200 million in equity under management represented by over 4,000 completed and leased apartment homes. Additionally, the company will start construction on approximately 1,500 new apartments annually in their key markets of Dallas, Houston, Chicago, Minneapolis and Orlando. 

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