Overview
Sandalwood Management, Inc. is a leading enterprise in the real estate sector, specializing in property acquisition, investment management, and leasing of both residential and commercial spaces. Founded in 1985, the company operates out of Austin, Texas, and Montreal, Quebec. Known for its stringent investment strategies and high-quality real estate services, Sandalwood Management serves both U.S. and Canadian markets, emphasizing its role as a private, dual-market operator.
Key Statistics
- Foundation Year: 1985
- Headquarters: Austin, Texas, and Montreal, Quebec
- Industry: Real Estate
- Company Size: 201-500 employees
- Properties Managed: Over 75 commercial properties and 49 multifamily communities
- Commercial Space Under Management: 7 million square feet
- Residential Units: More than 7,100 units
- Market Reach: Operations in 14 U.S. states and Puerto Rico
Leadership
- Joel Ospovat: President - Provides the strategic vision and oversees the company’s real estate operations, leveraging global market shifts.
- Brendan Flaherty: Chief Financial Officer - Oversees financial operations.
- Kim Jackson: Vice President of Residential Operations, USA - Manages multifamily property operations with over 20 years of experience.
- Thomas Crowson: Vice President - Directs property operations and business development.
Growth and Market Strategy
Sandalwood Management has continually expanded its portfolio through strategic asset acquisitions. Since Joel Ospovat's 1988 acquisition, the company has diversified its interests into commercial real estate, marked by a pivotal expansion into the Canadian market in 2000 with the acquisition of 13 shopping malls in Quebec, establishing a substantial foothold in North America.
Current Developments
The firm actively seeks new investment opportunities to diversify its portfolio further. Sandalwood prides itself on delivering exceptional investor returns, leveraging innovative investment strategies and effective management practices.
Contact Information
- Website: [www.sandalwoodmgt-usa.com](https://www.sandalwoodmgt-usa.com/)
- Austin Address: 500 Capital Of Texas Highway N, Suite 7, Austin, TX 78746
- Phone Number: 512-329-8480
Competitors
1. Bridge Real Estate Group
A significant player in real estate investment management, Bridge Investment Group is based in Salt Lake City, Utah. The firm is publicly traded and recently acquired by Apollo Global Management, which will enhance its asset management capabilities and its global market presence.
- Headquarters: Salt Lake City, UT
- Employees: Approximately 3,875
- Focus: Real estate-backed credit, industrial net-leased real estate, commercial real estate, and fixed income sectors
2. Mapletree Investments
Known for its commitment to sustainability, Mapletree Investments is a global entity based in Singapore, actively expanding its logistics footprint across Europe.
- AUM: S$77.5 billion
- Market Activity: Engaged in multiple global markets with a sustainable development approach
3. Olympus Property
Specializing in luxury multifamily real estate, Olympus Property focuses on offering high-quality, stylish residential communities.
- Headquarters: Fort Worth, TX
- Portfolio: Over 35,000 units
- Approach: Customer-centric with a focus on integrity, family, and teamwork
4. QuadReal Property Group
Headquartered in Vancouver, Canada, QuadReal boasts a vast global portfolio, emphasizing sustainable practices to enhance community life.
- AUM: Over $89 billion
- Global Reach: Investments spread across 25+ countries
5. American Capital Realty Group
This private firm specializes in multifamily property management, predominantly in Southern California, extending its management services across the western U.S.
- Headquarters: Santa Ana, CA
- Specialization: Multifamily properties in Southern California
Sandalwood Management stands amidst robust competition, chiefly from major real estate investment groups and property management firms. The firm differentiates itself through strategic market positioning, innovative service offerings, and a wide geographical reach in the real estate landscape.
