Market Selection
Spruce Properties strategically selects markets with strong long-term potential, prioritizing high-growth areas with robust economic fundamentals. Additionally, Spruce looks to invest in markets that have landlord-friendly legislation and pro-business governments. These markets include Atlanta, Austin, Charlotte, Columbus, Dallas, Denver, Des Moines, Indianapolis, Kansas City, Miami, Nashville, Orlando, Phoenix, Raleigh, and Tampa.
Value-Add Business Plans
Spruce Properties focuses on implementing value-add business plans in every investment. By leveraging its fully integrated operations and renovation platform, the firm enhances property value through targeted upgrades and strategic repositioning, driving capital appreciation for investors.
Deal Parameters
Spruce Properties pursues well-located multifamily assets ranging from $30 million to $300 million, with 150 or more units, and built in 1990 or later.