Overview

Springer Capital Properties is a full service firm specializing in the development, construction and management of high-quality affordable housing. For more than 75 years, Springer Capital Properties has invested in the growth and sustainability of New York City’s neighborhoods through a long-term ownership strategy focused on successful partnerships with government, community stakeholders and residents. The firm has developed or preserved thousands of affordable apartments and today manages over 6,000 units across the city.

Springer Capital Properties was created in 1938 as a real estate management business working with owners of multifamily buildings in upper Manhattan. In the late 1970s, the company began participating in programs aimed at preserving neighborhood housing resources and reducing the city’s distressed property holdings. Springer Capital Properties earned a reputation as an industry leader for its work on redevelopment projects that led to a growth in its business and a broadening of the firm’s capabilities into the areas of development and construction.

Through Springer Capital Properties Development Company LLC, Springer Capital Properties acquires property, assembles and manages development teams, and arranges financing for new projects. Springer Capital Properties Construction Corp. is Springer Capital Properties' general contracting company with a track record of successfully completing multifamily renovations and new construction projects. Springer Capital Properties also contracts with outside clients. Springer Capital Properties, Inc. is a property management business that manages property for its own portfolio and for nonprofit or for-profit building owners. The company has a team of dedicated professionals with years of management experience and skills in rules and regulations covering affordable housing programs.

Springer Capital Properties continues to expand its impact in the affordable housing sector while also delivering market rate housing, mixed-income developments and supportive housing throughout the city. The company’s leadership, reputation, and industry know-how make Springer Capital Properties an ideal partner for a variety of projects, including those with challenging development, construction, property management, or financial conditions.

Our Principals

Jason Ostro

As our esteemed Chief Executive Officer, Jason Ostro stands at the helm of Imovina Group LLC., bringing an extraordinary depth of experience and visionary leadership that has redefined our operational landscape.
With a commendable tenure of ten years in the real estate market, Jason has seamlessly played multifaceted roles as a buyer, analyst, and property manager. His versatile expertise spans the entire spectrum of the market, endowing our organization with a strategic advantage. Jason's innate ability to navigate complexities and foresee outcomes positions us to not just meet but surpass our goals on the highest echelons.
Before assuming the pivotal role at Imovina Group LLC., Jason held a distinguished position as a manager for an impressive decade in a leading computer hardware company, where he spearheaded international sales. His prowess in managing complex operations and driving international sales strategies attests to his exceptional leadership and strategic thinking.
Jason is an alumnus of Brooklyn College, where he earned his degree in Computer Science. This academic foundation, coupled with his extensive industry experience, forms the bedrock of his innovative and transformative approach to leadership.
Under Jason Ostro's visionary stewardship, Imovina Group LLC. has witnessed unparalleled growth and success. His strategic foresight, coupled with a hands-on understanding of the real estate market, has propelled our organization to new heights. As a testament to his leadership, Jason not only shapes the present success of the company but also lays the groundwork for a future defined by innovation, excellence, and sustained achievement.

Bo Shi

Bo is an experienced private equity financier who was a former banker at Citigroup.
https://www.chinadaily.com.cn/business/2011-08/27/content_13203209.htm
In 2011, Bo Shi served as chief representative in Terra Firma’s newly established office in Beijing.
http://www.chinadaily.com.cn/hqcj/2012-03/01/content_14731193.htm#
Bo Shi invested in two companies: one in the renewables sector; one in the agriculture sector.
http://www.jjckb.cn/invest/2012-07/06/content_385723.htm
Bo is an experienced private equity financier who was a former banker at Citigroup.
https://www.chinadaily.com.cn/business/2011-08/27/content_13203209.htm
In 2011, Bo Shi served as chief representative in Terra Firma’s newly established office in Beijing.
http://www.chinadaily.com.cn/hqcj/2012-03/01/content_14731193.htm#
Bo Shi invested in two companies: one in the renewables sector; one in the agriculture sector.
http://www.jjckb.cn/invest/2012-07/06/content_385723.htm

Andrew Rosenthal

Andrew Rosenthal founded, Link People, a Shanghai based property management and subleasing business, leasing, subleasing, and managing 1500 units. The business was sold to Dothink, a publicly listed Hong Kong Chinese developer. During this time, Andrew also leased and managed 2 office buildings and converted them into creative shared office space.
Additionally, Andrew is a partner in Greentree Group, an asset management firm focusing on the enbloc acquisition, leasing, and subsequent strata sale of retail shops.
In 2019, Andrew joined Greentree Asset Management as a partner. Greentree focuses on en-bloc acquisition of retail shops on the ground level of large apartment buildings and then strata sells the retail shops to retail buyers and provides leasing operations and management to the retail buyers.
Andrew also has experience in hotel asset management and operations. Andrew’s strengths include team building, recruiting, process management and IT solutions for workflow processes.

Place Holder

Michael Sturmer is a principal with the Springer Capital Properties group of companies. He joined the company in 2003 and focuses on its planning, development, and construction activities. Michael has more than 25 years of experience in affordable housing and community development, starting in Chicago where he worked with community-based groups on the preservation of federally-assisted housing and the implementation of Chicago’s landmark landlord-tenant ordinance through resident education and training. In Washington, DC, he worked as a consultant on the development of HUD senior housing and repositioning the portfolios of large public housing authorities. Michael has worked at housing authorities in Savannah, Philadelphia, and Kansas City, Missouri focusing on operational turnaround efforts, redevelopment, and new development opportunities. As the Director of Planning and Development for the Housing Authority of Kansas City, Missouri under federal receivership, he supervised the redevelopment of two distressed housing sites through HUD’s Hope VI Mixed-Finance program and also administered a scattered site new construction program that greatly expanded the housing opportunities for low-income residents in the city through the acquisition and development of property in areas outside the urban core. Prior to joining Springer Capital Properties in NYC, Michael directed Section 8 policy and compliance issues at New York City’s Department of Housing Preservation and Development as part of a team working to improve the agency’s administration of the voucher program. Michael has a Bachelor of Arts in Political Science from Northwestern.