Arden Group is a privately held, vertically integrated middle market private commercial real estate fund manager and operator.
Owned real estate
Arden Group’s investment focus is on high quality commercial real estate assets in top US MSA’s and dynamic growth markets:
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 launches Arden Group
Arden Group began serving as an asset manager for the FDIC, RTC and lending institutions, having managed in excess of $5 billion of CRE assets.
Acquired Seven Penn Center, a 288,000 square foot office property in Philadelphia, PA.
Opened the Ritz-Carlton Philadelphia, a $100M conversion of the former Mellon Bank Buildings into a 300 Key Luxury Hotel anchoring the Avenue of the Arts.
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