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.
and hold strategy across U.S.
demographic trends and strong
distinguished by low volatility,
predictable cash flow and
Portfolio and Transactions
Central Islip, New York
The Edge at Greentree
The Edge at Greentree
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 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 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 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 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
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 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.