Creating Positive Impact


Joining 5,000 global institutional investors with a mission to create a more sustainable world.


Investing in critical property rehabilitations to ensure safe sanitary housing in good repair for all.


Implementing energy efficiency and water conservation improvements for the long term.



Working closely with best-in-class partners to realize efficiencies for prolonged housing affordability.

Responsible Investment

Principle 1: Incorporate ESG issues into investment analysis and decision-making processes.

Principle 2: Be active owners and incorporate ESG issues into our ownership policies and practices.

Principle 3: Seek appropriate disclosure on ESG issues by the entities in which we invest.

Principle 4: Promote acceptance and implementation of the Principles within the investment industry.

Principle 5: Work together to enhance our effectiveness in implementing the Principles.

Principle 6: Report on our activities and progress towards implementing the Principles.

Spira is a signatory of the United Nations Principles for Responsible Investment. The principles were developed by an international group of institutional investors reflecting the increasing importance of ESG issues as it relates to investment practices.

Social Impact

Decent housing for all: safe shelter in good repair for persons of all color, race, nationality, religious beliefs, sexual orientation, age, disability and family status.

Preservation of affordable housing: reinvesting in capital expenditures to improve the structures and grounds for vulnerable communities, and extending affordability when feasible.

Promoting stakeholder diversity: supporting minority-and women-owned business enterprises (“MWBEs”) through our operations. We are an equal opportunity firm believing that diversity leads to more perspectives, thoughtful discussions and ultimately better decisions.

Our Measurable Outcomes

1000 +

committed hours of after-school programs and instructor-led educational, health and wellness, and skill-building classes, including:

  • Computer training 
  • Job search, training, interview, resume and retention skills
  • GED qualification, literacy
  • Addiction cessation
  • Parenting
  • Exercise, nutrition
$ 0 M

dollars spent in renovations raising the standard of affordable housing

Environmental Impact

Subscribing to positive impact programs: we are pleased to comply with programs such as the Freddie Mac Green Up and California TCAC Sustainable Building Method and Minimum Construction Standards among others.

Water conservation initiatives: upon taking ownership, our standard suite of capital improvements also result in notable water savings.

Reducing energy consumption: upon taking site control, our standard suite of capital improvements substantially decreases property-wide energy usage.

Our Measurable Outcomes

0 M

gallons post-rehab water savings per year across portfolio

0 M

kBTU post-rehab energy savings per year across portfolio

0 %

water savings for top-performing project in portfolio

0 %

post-rehab energy savings for top-performing project in portfolio

Operational Scale

Building critical mass: with our national mandate, our assets are focused in locations with strong underlying fundamentals. Once we gain an asset in a new geography, we look to expand our footprint there to maximize operational economies of scale.

Efficiencies with best-of-breed partners: our preference is for fewer, deep relationships with partners and vendors.  Streamlining our operations and growing with those who share our philosophy is ideal for us.

Earning fair outcomes for our stakeholders: enables us to continue creating positive social and environmental impacts for the communities and geographies we serve with our preferred partners and vendors for the long term.

Spira has been named a Freddie Mac Select Sponsor. This highly coveted designation recognizes sponsors with a successful track record and alignment with Freddie Mac’s mission to provide liquidity, stability and affordability to the U.S. housing market.