With more than three decades of combined experience in multifamily real estate investing, Sean Belfi, Craig Boyarsky and Brendan Glavin are launching Cold Spring Capital, a private investment and operating firm targeting more than $1 billion in acquisitions over the next five years. Belfi will lead the firm as managing principal.
Through New York–based Cold Spring Capital, the co-founders and principals will target middle-market, value-add suburban workforce housing in select markets across the United States. The firm's initial transactions will be capitalized with Twin Spruce Capital, a New York–based investment affiliate and a close syndicate of high- and ultra-high-net-worth investors. While the syndicate has historically deployed capital into preferred equity investments within the multifamily sector, this partnership marks their first entry into traditional multifamily equity investments.
Eric Horowitz, managing principal of Twin Spruce Capital, says his firm
