Sandalwood Management, Inc. was founded in 1985 in Austin, Texas. Initially focused on multi-family residential property management, Sandalwood saw dynamic diversification after the 1988 acquisition by Joel Ospovat. Operations expanded to include 30,000 residential units and more than 10 million square feet of commercial real estate spread across 14 states. In 2000, Sandalwood Management entered the Canadian market with the acquisition of 13 shopping malls in the province of Quebec.
Today, Sandalwood is dually headquartered in Austin, Texas, and Montreal, Quebec, and owns and manages more than 80 properties across North America. The company’s holdings encompass 6 million square feet of retail and office space and more than 4,000 multi-family residential units.
Constantly growing and diversifying, Sandalwood Management has earned a reputation as an astute, enterprising property buyer, lessor, and manager that delivers above market returns for private and public investors. And after more than two decades of relentless growth, the company is now widely recognized as a leader in U.S. and Canada real estate markets.