Spaxel
New York, NY 51–200 employees 2 principals
Last updated
About Spaxel
Spaxel is a real estate operator headquartered in New York, NY. Spaxel operates in Atlanta, Georgia and New York City, New York. Its investment focus is on Affordable Housing, Multifamily - Ground-up and Multifamily - Value-Add.
Spaxel is a vertically integrated real estate company based in New York City that owns, operates, develops, and manages multi-family housing with a focus on affordable and moderate-income segments. The company has over 160 employees engaged in acquisitions, development, construction, property management, and asset management. Their total capitalization exceeds USD 600 million, and their portfolio includes about 2,800 housing units, with over 2,000 cash-flowing value-add units across nearly 40 properties in the North and Southeast U.S. and roughly 900 development units in multiple Bronx projects. Spaxel is pursuing 11 ground-up development projects and is involved in 5 institutional joint ventures across 49 properties. The company’s projects include three Bronx affordable housing communities totaling 179 units with a financing package of around USD 81.7 million, expected to complete in 2025.
Principals at Spaxel
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