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 across 14 states and commercial real estate was added to the firm’s portfolio. In 2000, Sandalwood 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 Canadian real estate markets.