Springhouse Partners was founded in 2010 as a response to the existing real estate crises and has evolved into a fully integrated investment and development company that invests across the following strategies: value-add, special situations and development.
Our approach is comprehensive and we strive to connect core entrepreneurial spirit alongside strong institutional execution in all facets of our business. To date we have acquired and re-developed mixed-use, multi-family and hotel assets throughout New York City and South Florida.
We create value by recognizing opportunities early, formulating the appropriate business plan and then applying the right operational savvy to execute our vision.
Our flexibility and nimbleness at all stages of the investment and development process is an advantage in any economic cycle. We are a hands on manager with capabilities in investment, finance, construction, property management and design.
We target relationship driven situations with strong long term growth potential. Our goal is to create significant value for each project and neighborhood we work in.
Adam Verner is the Founder and CEO of Springhouse Partners. In this capacity, he leads corporate strategy and execution for the firm’s principal investment transactions.
Since its inception in 2010, Adam has successfully closed in excess of $500 million of real estate assets across the mixed-use, multifamily and hotel sectors. Prior to forming Springhouse, Adam was the Director of Acquisitions at Urban American, an owner and operator of 12,000 apartments in the New York Metro area. In this role, he led the $75 million acquisition of the Westchester Plaza, a 1,000 unit mixed-use development. Adam was also responsible for the management and oversight of the Grand Review portfolio, a 20 building collection of mixed-use assets spread throughout New York City.
Prior to joining Urban American, Adam was responsible for originating $500 million of commercial real estate equity and debt investments at Marathon Asset Management, a $10 billion hedge fund which specialized in opportunistic investments across all property types.
Notable projects included the $3 billion Cosmopolitan Resort & Casino development in Las Vegas, the high-end condominium conversion of 147 Waverly Place in Manhattan and the initial zoning & land use phase for the Domino Sugar Factory redevelopment in Williamsburg, Brooklyn.
Adam graduated with a business degree from American University and is an active member of YPO (Young President’s Organization).