The Spear Group is a private real estate investment and development firm based in South Florida. The family owned and operated company was founded in 1966 in Massachusetts and has been active in South Florida since 1976. For over 50 years, The Spear Group has been a leader in developing residential communities, including single-family homes, townhomes, condominiums, and rental apartments, characterized by lasting quality and innovative design. The Spear Group is a fully vertically integrated real estate firm capable of acting as developer, licensed general contractor, licensed sales broker, and accredited rental property manager. The multigenerational company is now led by partners Jeff Spear, David Spear, and Daniel Spear. The firm’s principals utilize their local market knowledge to identify undervalued assets and create value through development, redevelopment and property-level enhancements, across asset classes.
The Spear Group, a family owned and operated company, was founded by L. William (Bill) Spear in 1966 in Boston, Massachusetts. Bill became involved in venture capital with a unique firm manufacturing high resolution optic lenses and he built a commercial building for the firm. He then focused on the real estate business and built affordable rental properties in the New England area. Today, the company has an office in Auburn, Massachusetts and is the original developer, current general partner and property manager of two multifamily properties in Massachusetts and one multifamily property in Maine, with plans to further expand the rental portfolio in Florida and the New England area. In 1976, The Spear Group opened the Florida office, and sons Jeff Spear and David Spear joined the business. Since that time, The Spear Group has successfully planned and built more than 30 residential projects and over 3,000 residences, and Jeff Spear has twice been awarded “Builder of the Year” by the Builders Association of South Florida. Daniel Spear joined the multigenerational company in 2015 as a partner to oversee the company’s investment management business. The combination of a value investing approach with proven value creation and development expertise is a competitive advantage for The Spear Group, and has enabled the success of the company over many decades. The firm’s principals also have extensive experience as managers and fiduciaries of third party capital from both institutional and individual investors.
The Spear Group seeks out value-add and opportunistic investments in residential and commercial real estate projects in South Florida and the New England market. The company’s development group targets South Florida and acquires land which can be developed as for-sale residential projects (including single-family, townhome, and condominium communities), as well as land for ground-up development of residential apartment and mixed-use buildings. The firm also has a value-add strategy focused on acquiring existing income-producing properties, specifically multifamily, retail, or mixed-use assets in need of redevelopment, adaptive reuse, leasing and/or operational and physical improvements.