studies, project timelines and milestones, MLS listings (if available), and a disposition strategy based on current market activity. “We treat our investors’ money like our own money,” Ryan says. “Because of that we’ve been able to develop some ongoing long-term relationships.” Currently, Millennial Developments’ main investment focus is the Collinson Rise Development Project, which will support their upcoming 300-plus unit development. Due to the response Five Crossings received, they are a confident that there’s a demand for what they can build. They are looking to meet that demand with the Collinson Rise investment opportunity, which will not only allow more Canadians the ability to invest in real estate, but also provide much-needed affordable quality housing in Kelowna. At the same time, the company is also looking to do something a little different with Collinson Rise. Ryan describes that development as a “type of master-planned community,” as it will feature a diverse mix of unit types, including smaller suites like at Five Crossings, one-bedroom, two-bedroom, and three-bedroom units as well as some townhomes. Looking even further into the future, Ryan says that Millennial Developments will continue to create innovate communities, like their new approach to master planned communities, like their new approach to master planned communities and technology enhanced buildings like Five Crossings. They will also continue to expand and look at projects beyond Kelowna. No matter how large the company grows, however, and no matter how far they extend their reach, Ryan also says that some things will remain consistent. He reiterates that the company was founded with a clear vision, and they never want to stray from that vision. NOVEMBER 2022
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