About SPI

Co-founders and Principals of SPI, Michael Becker and Sean Mabarak

A message from our Co-Founder, Sean Mabarak...

"Economies of scale matter in multifamily investing, so starting small was not an option when we formed SPI in 2014. We quickly scaled by leveraging our diverse local relationships and promoting a reputation for getting complex deals closed with relative ease. Maintaining our integrity and reputation in the markets we operate in is integral to our continued success. Without integrity and a strong reputation, the number of investment opportunities that come your way declines substantially.

Over the years, we’ve discovered that the quality and class of multifamily investments generating the highest risk-adjusted returns changes from year to year depending on market cycles. There are periods when the risk premium assigned to lower-quality properties/submarkets is high enough to justify taking calculated risks on non-institutional grade properties. Then, there are periods of excess liquidity, where the risk premium is so narrow that it makes more sense to focus on the highest quality assets and locations we can find. Publicly traded real estate funds must operate within defined investment criteria and strategy, so our ability to quickly adapt to ever-changing markets in search of the best relative value provides a unique advantage.

SPI Advisory has the resources, flexibility, and intimate market knowledge necessary to identify undervalued and underutilized multifamily investments that are often overlooked. No matter what stage of the economic cycle we are in, our primary goal is to deliver superior returns and a greater level of transparency than public market investments provide. In addition, Mike and I will continue to invest the majority of our net worth alongside our investors so that our interests are always aligned and, most importantly, our success is your success."

Signatures Michael Becker and Sean Mabarak

Co-Founders & Principals of SPI Advisory, LLC

A Message From Our Co-Founder, Sean Mabarak. . .

“Economies of scale matter in multifamily investing, so starting small was not an option when we formed SPI in 2014. We quickly scaled by leveraging our diverse local relationships and promoting a reputation for getting complex deals closed with relative ease. Maintaining our integrity and reputation in the markets we operate in is integral to our continued success. Without integrity and a strong reputation, the number of investment opportunities that come your way declines substantially.

Over the years, we’ve discovered that the quality and class of multifamily investments generating the highest risk-adjusted returns change from year to year depending on market cycles. There are periods when the risk premium assigned to lower quality properties/submarkets is high enough to justify taking calculated risks on non-institutional grade properties. Then, there are periods of excess liquidity, where the risk premium is so narrow that it makes more sense to focus on the highest quality assets and locations we can find. Publicly traded real estate funds must operate within a defined investment criteria and strategy, so our ability to quickly adapt to ever-changing markets in search of the best relative value provides a unique advantage.

SPI Advisory has the resources, flexibility, and intimate market knowledge necessary to identify undervalued and underutilized multifamily investments that are often overlooked.No matter what stage of the economic cycle we are in, our primary goal is to deliver superior returns, and a greater level of transparency than public market investments provide. In addition, Mike and I will continue to invest the majority of our net worth alongside our investors so that our interests are always aligned and, most importantly, our success is your success."

Our Strategy

SPI's team of seasoned professionals targets properties located in high growth markets in which we have expertise, including our home state of Texas. While investment returns are a principal focus at SPI, the foundation of SPI’s investment strategy is risk management.

From extensive underwriting and analysis to thorough and consistent due diligence practices, SPI aims to achieve the highest risk-adjusted returns possible while remaining judicious stewards of our investors’ capital.

SPI has extensive operating knowledge and an intimate understanding of each of the submarkets where we acquire property. We employ this knowledge in creative ways in order to identify undervalued and underutilized investment opportunities that are often overlooked.

SPI’s clients enjoy full disclosure throughout the investment life cycle. From identification and due diligence to operating strategy and disposition planning; our clients have access to the information they need to be as integrated in the decision-making process as they desire.

Ongoing stress tests, identification of investment risks, and preemptive planning are key to SPI's continued success. We also aim to limit risk upfront by only adopting straightforward investment strategies with assumptions that are backed by verifiable empirical evidence.

In the real world, nothing ever goes exactly as planned. Our adaptive operations approach allows us to be prepared for the unexpected. Through frequent on-site progress audits and continuous review of real-time operating metrics and reports, we strive to preempt operating inefficiencies.

Our Mission

Our mission is 3-pronged and is to:

Uncover undervalued multifamily assets,
Breakdown barriers to direct investment in institutional quality assets, and
Generate reliable, market-leading returns for our diverse base of investors.

Our Values

At the core of each person on our team is a heart that beats to the rhythm defined by the values below. 
When we hear our investors declare who we are and what we do, and it is a match to these values below, we know we have succeeded in making our actions and performance match our core.

We have high standards personally and professionally, and we work hard to ensure we deliver quality results.
We research approximately 100 properties before we find a property that meets our pre-defined requirements. The types of properties we target, our underwriting, contract terms we negotiate, and the loan terms we select for each deal are designed to mitigate the risks of the storms and market downturns the investment may encounter during its lifecycle.
One of the keys to our success as a company has been never giving up in the face of adversity. There is always a way around or through an issue.
Part of our culture is analyzing all facets of a completed project (acquisition, refinance, syndication, CAPEX work, asset management) to refine our approach. We continually implement lessons learned in our business practices for constant improvement.
The values above are the backbone of the results we deliver. We strive to consistently provide the highest risk-adjusted returns possible over the investment period.
We shoot straight and speak using the facts and data we have at hand. We also work hard to protect the overall investments, from compliance to risk mitigation to constant improvement on all levels.
We keep our investors informed throughout the life of their investment, providing monthly updates that include property financials.
We believe in leaving things better than how we found them. We make an effort to make a positive impact on the communities we invest in and improve the lives of the people that live within them, whether that be through value-add CAPEX or the donation of time and/or money.