Arden Group is a privately held, vertically integrated middle market private commercial real estate fund manager and operator.


Owned real estate


Asset managed


Equity Raised

  • Founded in 1989 by current CEO, Craig Spencer, Arden has a seasoned executive team with over three decades of experience through multiple market cycles.
  • Approximately 80 employees across 12 locations nationwide.
  • In-house expertise in acquisition, execution, development, financing, asset management, and dispositions enables us to manage the full life cycle of our investment with an operator versus allocator mindset.
  • Essential to executing our strategy in the industrial space, Arden Logistics Parks was established in 2021 as a best-in-class logistics real estate operating platform specializing in the acquisition, improvement, and property management of last mile infill industrial properties. The team (50 people | 10 locations) operates a geographically diverse 10.3M square feet portfolio of niche last mile light industrial assets in highly sought after urban infill locations.
  • The firm employs a proactive investment process driven by long term secular macro trends. We apply in-depth knowledge and expertise to identify sector themes with positive trends and then actively transition asset allocation to align with high conviction views.
  • Commitment to responsible investing and fostering a culture of diversity and inclusion.

Investment Focus

Arden Group’s investment focus is on high quality commercial real estate assets in top US MSA’s, dynamic growth markets and critical logistics centers.

  • Arden Real Estate Partners Funds (AREP) ,the flagship fund series, maintains a middle market value-add and thematic strategy exclusively targeting the following sectors:
    • Primary emphasis on niche last mile infill light industrial:
      • Multi-tenant (shallow and mid-bay)
      • Industrial service facilities/outdoor storage (ISF/IOS)
    • Living (multifamily and student housing)
    • Special situations/gap capital (premier hospitality and trophy office)
  • Qualified Opportunity Zone Funds::
    • Directly develop or partner with premier developers on high quality multifamily and student housing projects.
    • Leading fund manager in the space (closed Arden Qualified Opportunity Zone Fund, L.P. in 2022 at $356M).
  • Credit Fund Funds:: Leverages Arden’s equity underwriting expertise to provide debt financing solutions secured by middle market commercial real estate across ground-up construction, transitional, and stabilized assets.
  • RXR ARDEN Digital Ventures Fund: Joint venture between RXR and Arden focused on venture capital investments in real estate technology companies (PropTech).


Since founding Arden Group during the depths of the savings & loan crisis with the purchase of non-performing loans and real estate assets from the Resolution Trust Corp. and the FDIC, Chairman and CEO Craig A. Spencer has overseen the Firm’s growth over three decades into a vertically integrated investment and operating platform.


Current Arden Group CEO,
Craig A. Spencer launched Arden Group


  • Acquired The Savoy Hotel in Miami Beach, FL.
  • Acquired the 300,000 Square Foot Class A Brickell Bayview Center in Miami, FL.
  • Acquired the Omni Colonnade in Coral Gables, FL.


Acquired the rights to Philadelphia Soul, a professional arena football club in the Arena Football League, with the inaugural game the following year.


Craig Spencer, co–founded along with Jon Bon Jovi the JBJ Soul Foundation. The JBJ Soul Foundation’s mission is to break the cycle of hunger, poverty and homelessness through developing partnerships, creating programs and providing grant funding.


Opened the $300M Philadelphia Ritz-Carlton Residences condo project (designed and constructed by Arden Group)


Arden Real Estate Partners I, L.P. closes at $66M. This is Arden’s first discretionary fund and is targeted at value-add investments


Arden Real Estate Partners II, L.P. closes at $181M


Arden augments its equity business with a credit strategy that provides financing solutions for value-add real estate projects


  • Arden Credit Fund, L.P. closes at $150M
  • Launch of Arden Qualified Opportunity Zone Fund, L.P.


  • Arden Real Estate Partners III, L.P. closes at $500M
  • Arden Logistics Parks vertically integrated operating company is launched
  • Closed Multi-Tenant Industrial Recapitalization and Growth Equity Joint Venture with Arcapita ($250M)


  • Arden Qualified Opportunity Zone Fund, L.P. Series I closes at $356M
  • Closed Industrial Service Facility/Outdoor Storage (ISF/IOS) Growth Equity Joint Venture with Wafra ($200M)
  • Launched Prop Tech Joint Venture, RXR ARDEN Digital Ventures