About Us
Spruce Properties is the multifamily equity investment arm of Spruce Capital Partners. As a fully integrated multifamily operator, Spruce Properties is focused on long-term value creation, targeting properties that provide stable cash flows, reliable risk-adjusted returns, and tax-efficient structures for investors.
Spruce Properties is driven by operational excellence. Its In-house property management division New Urban Residential provides hands-on, localized management tailored to each community. The firm harnesses innovative technology and combines investment expertise with market-specific strategies to create exceptional living experiences for residents while delivering consistent, reliable returns for investors.
Our ESG Commitment
Spruce Properties believes that successful multifamily investment results when financial performance is combined with commitment to the well-being of local communities. We are dedicated to integrating Environmental, Social, and Governance (ESG) principles into all of our operations, seeking to create and maintain quality housing for working families and the communities we serve. Social well-being and ethical standards guide our efforts to deliver sustainable development, creating long-term value for all stakeholders involved.
We recognize the importance of mitigating our environmental footprint and prioritizing sustainability in our portfolio. Our commitment includes:
Green Building Standards:
We invest in assets that adhere to recognized green building certifications, such as LEED (Leadership in Energy and Environmental Design) or other similar standards.
Energy Efficiency:
We encourage the implementation of energy-efficient technologies and practices in our owned assets, resulting in reduced energy consumption, lower carbon emissions, and long-term cost savings.
Renewable Energy Integration:
We invest in properties that incorporate renewable energy sources, such as solar or wind, to promote clean energy generation and reduce reliance on fossil fuels.
We strive to make a positive social impact through our communities, providing services that address social needs and contribute to community development. Our social impact initiatives include:
Affordable Housing:
We actively invest in multifamily projects that aim to provide affordable housing options, helping to address the housing crisis and improve accessibility for low-income individuals and families.
Community Engagement:
We engage with local communities, facilitating open dialogue, promoting inclusivity, and enhancing social cohesion.
Resident Programs:
We work with several programs including Esusu to provide our residents with rent support options and positive credit reporting, helping people build strong credit within our communities
Integrity and ethical conduct are fundamental to our operations. We maintain robust governance practices to ensure transparency, accountability, and fair business dealings, including:
Compliance and Risk Management:
We adhere to applicable laws, regulations, and industry best practices, ensuring the highest level of compliance and risk management in our operations.
Anti-Corruption Measures:
We adhere to strict anti-corruption policies, prohibiting any form of bribery, corruption, or unethical behavior within our organization or in connection with our investments.
Stakeholder Engagement:
We actively seek feedback from stakeholders, including borrowers, investors, employees, and community members, to continuously improve our practices and maintain open lines of communication.