Spruce Properties

We Own

Spruce Properties seeks to acquire and manage multi-family rental housing assets outside of New York City that are positioned to deliver stable long-term cash flow and capital appreciation.

Investment Approach

Long-term

“Bet-On-America” buy

and hold strategy across U.S.

Multi-Family opportunities

Acquire in

strong markets

with favorable

demographic trends and strong

employment base

Tax efficient

investment

distinguished by low volatility,

predictable cash flow and

attractive yields

Portfolio and Transactions

Hawthorne Court

Central Islip, New York
434 Units

SOLD

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The Edge at Greentree

Claymont, Delaware
286 Units

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The Pathways

Mobile, Alabama
244 Units

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Sandpiper

Mobile, Alabama
253 Units

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Windsor Place

Mobile, Alabama
384 Units

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Yester Oaks

Mobile, Alabama
587 Units

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The Crossings at Pinebrook

Mobile, Alabama

545 Units

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Crystal Woods

Alexandria, VA

344 Unit Rental

SOLD

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Crystal Springs

Silver Spring, MD

435 Unit Rental

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HAWTHORNE COURT
CENTRAL ISLIP, NEW YORK

 

Residential community consisting of 20 two-story buildings is located in Central Islip. There are 434 units with landscaped grounds including a swimming pool and playground. Located within close proximity to the LIRR and the Long Island Expressway.

The Edge at Greentree
Claymont, Delaware

A 286-unit garden style community located in the attractive Northern Wilmington region of Delaware. Situated less than one mile from the Delaware / Pennsylvania state line, the property is centrally located within the economic and social drivers of Philadelphia, Wilmington, and Chester County Pennsylvania. The unit mix is 88 one bedroom, 196 two bedroom, and 29 three bedroom apartments.

The Pathways
Mobile, Alabama

The Pathways consists of 244 apartments spread over 10 acres. It is located in Dauphin Acres neighborhood in Mobile positioned between Dauphin Street and Airport Boulevard close to Mobile’s Central Business District. Both the Shoppers at Bel Air and the Springdale Mall are located around one mile from property.

Sandpiper
Mobile, Alabama

Sandpiper consists of 253 units spread over 18 acres. The site located in Tillman Corner with visibility and access to US-90. It is 1.5 miles north of Walmart Super-center and is withing a ten-minute drive to the University of South Alabama,Spring Hill College, Amazon, Downtown Mobile and Mobile Regional Airport.

Windsor Place
Mobile, Alabama

Windsor Place consists of 384 apartment spread over 30 acres. It is located just south of Airport Blvd in the southwest quadrant of Airport/I-65 exchange. The property is withing walking distance to the Country Club of Mobile,the Springdale Mall, and the Pinebrook Shopping Center. It is within ten-minute drive from Downtown Mobile, the University of South Alabama, Spring Hill College and Mobile Regional Airport.

Yester Oaks
Mobile, Alabama

Yester Oaks consists of 587 apartment spread over 38 acres. This site is an exceptional location located just north of Airport Blvd in the northwest quadrant of Airport/I-65 exchange. The property is withing walking distance to the Country Club of Mobile,the Springdale Mall, and Pinebrook Shopping Center. It is withing a ten-minute drive from Downtown Mobile, The University of South Alabama, Spring Hill College and the Mobile Regional Airport.

The Crossings at Pinebrook
Mobile, Alabama

The Crossings at Pinebrook consists of 545 apartments spread over 34 acres. It was originally constructed in 1968 and then benefited from major interior renovation of virtually all its apartment units between the years 2001 and 2003. The site is comprised of a mix of one-bedroom,two-bedroom and three-bedroom apartment homes in both flat and townhouse styles.

Crystal Woods
Alexandria, Virginia

Crystal Woods of Alexandria, an institutionally-maintained garden-style community of 344 units located inside-the-Beltway, proximate to Washington, DC. Within 15-minute drive to Pentagon, U.S. Patent & Trademark Office, Debt. Of Defenses’ Mark Center Campus, and Inova Alexandria Hospital.

Crystal Springs Apartments
Silver Spring, Maryland

435 units in Silver Spring, Maryland, centrally close to downtown Washington D.C. Amenities include a fitness center, swimming pool, playground and picnic areas, and ample parking.