Spruce Capital Partners, the parent company of S3 Capital and Spruce Properties, is a privately held, New York-based real estate investment firm founded by Robert Schwartz and Joshua Crane in 2007. The firm owns, operates, invests in, and lends across real estate and real estate-related opportunities, with a primary focus on achieving superior risk-adjusted returns. S3 Capital was created to fill the gap in institutional-quality, middle-market construction lending in NYC, while Spruce Properties is a vertically integrated real estate firm focused on the acquisition, repositioning, and asset management of multi-family housing assets nationally.