#USA #New York #Real Estate Investment #Cold Spring Capital #Twin Spruce Capital

Cold Spring Capital Launches Multifamily Investment Firm

Cold Spring Capital has officially launched as a multifamily real estate investment and operating company, aiming to revolutionize operations within the residential housing market. Founded by seasoned professionals Sean Belfi, Craig Boyarsky, and Brendan Glavin, the firm is poised to make a significant impact in the Northeast, Mid-Atlantic, and Midwest regions of the United States over the next five years.

Delivering Tactical Growth and Operational Excellence

The firm’s ambitious goal is to target more than $1 billion in acquisitions, focusing primarily on middle-market, value-add suburban workforce housing. The driving force behind this venture, Sean Belfi, will take the lead as Managing Principal, bringing along a wealth of experience honed over three decades in multifamily real estate investing.

Joining forces with Twin Spruce Capital, a New York-based investment affiliate, Cold Spring Capital has structured its initial funding through a close-knit syndicate of high-net-worth investors. This partnership marks a pivotal shift as it ventures into traditional multifamily equity investments, expanding the horizons for all involved.

“We have spent almost a decade working together, navigating the intricacies of multifamily acquisitions and asset management,” says Belfi. “As we step into 2026, we’re ready to scale our operations efficiently and effectively, capitalizing on what we believe is a prime market setting for workforce housing.”

Growth Strategy

As part of its growth strategy, Cold Spring Capital will concentrate on individual assets and portfolios of 100 units or more. The focus will be on properties built in the 1960s and later, increasingly relevant in today's real estate environment. Belfi notes that these properties present compelling value, particularly as market stabilization leads to improved capital flows and fundamental operational enhancements following aggressive interest rate hikes.

Identifying Opportunities

Belfi has identified several factors that will benefit CSC's strategy:

• - Market Stabilization: Increased rental demand is likely as occupancy rates are bolstered by improved operating fundamentals.
• - Reduced Volatility: The firm’s target geographic areas have shown resilience, outperforming others with superior occupancy and rent growth amidst controlled supply.
• - Strategic Dislocations: Opportunities arise from less experienced operators who mismanage properties acquired during previous market cycles, leading to attractive acquisition prospects for Cold Spring Capital.
• - Vintage Opportunities: The firm sees potential in pre-2000 vintage assets, which are currently trading at wider cap rates.

Operational Expertise and Market Insight

Cold Spring Capital’s strategic approach is defined by its founders’ extensive operational background within a vertically-integrated national platform. The trio previously contributed to scaling a portfolio exceeding 20,000 units; Belfi, Boyarsky, and Glavin served pivotal roles, deepening their hands-on experience in acquisitions, asset management, and investor relations.

Belfi asserts, “Investors today want sponsors with a clear thesis rather than generalists. Our duty is to be tactical about the opportunities we pursue while operating assets for value-add returns.” This focused mindset is poised to attract a new wave of investments for their ambitious venture.

As Cold Spring Capital embarks on this new chapter, the firm stands ready to transform the landscape of multifamily housing, aiming for substantial growth while staying attuned to market shifts and investment opportunities. The company’s strong foundation sets it apart, creating an environment ripe for success in an ever-evolving real estate market.

Website: www.coldspringcapital.com
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