Developer docs
API playgroundTry for free, no card

Search company profiles

Aspen Capital

Full company profile

uuid000by2g

Namestring
Aspen Capital
Legal namestring
Aspen Capital
Websiteurl
aspencapital.com
Company typeenum
Private
Founded yearint
1987
Descriptiontext

Aspen Capital is a Portland, Oregon-based private investment firm founded in 1987 by Steve Rosenberg, operating as a holding company for two core portfolio companies: Gaea Real Estate Corp., an externally managed REIT focused on small balance commercial real estate, mezzanine debt, and preferred equity, and Aspen Capital Funding, a private portfolio mortgage lender that originates structured real estate-based financing and purchases non-performing loans across the United States. The firm is led by Rosenberg, partner Larry Mendelsohn (former J.P. Morgan and Bankers Trust executive), and principal Ulysses Sherman, and operates through a nimble organizational structure spanning investment, lending, servicing, acquisitions, joint ventures, and asset management.

The firm differentiates through a proprietary data platform that combines multi-disciplinary research, embedded data scientists, and client strategists with big-data analytics to drive investment strategies across its loan portfolios and managed assets. Revenue is generated through two principal streams: investment management returns from real estate, mortgage lending, special servicing, and distressed securities, and transaction-based income from interest, fees, mezzanine debt, preferred equity, and non-performing loan purchases. The firm is privately held, headquartered in Lake Oswego, Oregon, and serves institutional investors, high-net-worth individuals, and strategic joint-venture partners on a deal-by-deal basis.

Go-to-market is relationship-driven, relying on longstanding industry connections and off-market deal sourcing rather than broad-based sales or marketing channels. No public pricing, AUM, or revenue figures are disclosed; the company is founder-controlled with no parent company, no external institutional investment, and no public listing. Headcount is reported in the 101-250 range.

Short descriptiontext

Aspen Capital is a Portland-based private investment firm founded in 1987 that operates a small-balance commercial real estate REIT (Gaea) and a mortgage lending platform (Aspen Capital Funding), using a proprietary data and analytics platform to source and manage debt and equity investments for institutional and high-net-worth partners.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersBeaverton, United States
HQ citystring
Beaverton
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
private equity investments, commercial real estate lending, alternative asset management, distressed securities investing, mortgage lending services
Industry3 codes
1Real Estate Portfolio & Fund Management (Institutional/REIT/PE)
CodeBPAJAMAJPrimaryYes
2Real Estate Debt & Mortgage Strategies
CodeFSAAAKACPrimaryNo
3Real Estate Advisory & Consulting (Strategy, Portfolio & Location)
CodeFSAEAJAHPrimaryNo
NAICS code3 codes
  • Portfolio Management and Investment Advice523940
  • Open-End Investment Funds525910
  • Other Activities Related to Real Estate531390
SIC code4 codes
  • Investors, Nec6799
  • Mortgage Bankers & Loan Correspondents6162
  • Real Estate Investment Trusts6798
  • Investment Advice6282
Product category
Alternative Asset Management
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Investment Management
TypeManaged Services
Description

Earn returns through investment in real estate, mortgage lending, special servicing, and distressed securities. Revenue derived from asset appreciation, interest income, and investment gains.

aspencapital.com
2Lending Operations
TypeTransaction Fee
Description

Generating interest income and fees through structured real estate-based financing, mezzanine debt, preferred equity, and non-performing loan purchases throughout the United States.

aspencapital.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 2 records shown
1Gaea Real Estate Corp.
Description

An externally managed REIT that acquires and actively manages small balance commercial real estate, mezzanine debt and preferred equity assets.

aspencapital.com
+1 more record
Core offering1 text field

Aspen Capital is a private equity and alternative investment firm that deploys capital across residential and commercial real estate, mortgage lending, special servicing, and distressed securities. The firm operates as a holding company with portfolio companies including Gaea Real Estate Corp., a REIT focused on small balance commercial real estate and mezzanine debt, and Aspen Capital Funding, a private portfolio mortgage lender specializing in structured real estate-based financing and non-performing loan purchases across the United States. Activities span investment management, lending, servicing, acquisitions, joint ventures, and asset management, supported by a proprietary data and analytics platform.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Aspen Capital is a private equity firm operating as a holding company with two portfolio companies. The core firm provides investment management, software infrastructure, and analytics capabilities, while its portfolio includes Gaea Real Estate Corp. (a REIT focused on small balance commercial real estate and mezzanine debt) and Aspen Capital Funding (a private mortgage lender specializing in structured real estate financing). The firm's activities span lending and servicing, acquisitions, joint ventures, and asset management across residential and commercial properties in the United States.

Product and service1 record
1Gaea Real Estate Corp.
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Kennedy Wilson
TypeDirect peer
Description

Global real estate investment company with integrated investment management, lending, and asset management platforms across CRE equity and credit — directly comparable to Aspen Capital's vertically integrated model.

2Arbor Realty Trust
TypeDirect peer
Description

Diversified CRE mortgage REIT and multifamily lender; directly comparable to Aspen Capital Funding's structured CRE lending and to Gaea REIT's externally managed structure.

3PCCP, LLC
TypeDirect peer
Description

Private real estate debt and equity investment manager specializing in senior debt, mezzanine, and preferred equity — closely comparable to Aspen Capital's real estate credit focus.

4A10 Capital
TypeDirect peer
Description

Small-balance commercial real estate lender focused on permanent debt and structured financing; a direct comparable to Aspen Capital Funding's small-balance CRE and NPL focus.

5Rialto Capital Management
TypeDirect peer
Description

CRE investment and asset manager with deep distressed and special-situation expertise, including NPL acquisitions and special servicing — a direct analogue to Aspen Capital's distressed real estate strategy.

6Pretium Partners
TypeDirect peer
Description

Real estate investment platform with significant exposure to residential and commercial credit, including distressed and NPL assets; comparable to Aspen's CRE credit and asset management approach.

7Greystone
TypeDirect peer
Description

National CRE finance company active in Fannie/Freddie lending, bridge lending, and affordable housing; a peer in CRE lending and servicing with a similar diversified credit approach.

8Cohen & Steers
TypeBroad incumbent
Description

Public real assets investment manager with significant REIT-focused strategies; an incumbent comparable in real assets/REIT investment management, though much larger and publicly listed.

9Harrison Street
TypeBroad incumbent
Description

Institutional investment manager focused on alternative real assets including real estate debt; broader incumbent comparable in the real estate credit/asset management space.

10Griffin Capital
TypeBroad incumbent
Description

Real estate investment and asset management firm offering CRE strategies and products; a broader incumbent in CRE investment management with overlap in portfolio company structures.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Aspen Capital

Alternative Asset Managementaspencapital.com

Aspen Capital is a Portland-based private investment firm founded in 1987 that operates a small-balance commercial real estate REIT (Gaea) and a mortgage lending platform (Aspen Capital Funding), using a proprietary data and analytics platform to source and manage debt and equity investments for institutional and high-net-worth partners.

What Aspen Capital does

Aspen Capital is a Portland, Oregon-based private investment firm founded in 1987 by Steve Rosenberg, operating as a holding company for two core portfolio companies: Gaea Real Estate Corp., an externally managed REIT focused on small balance commercial real estate, mezzanine debt, and preferred equity, and Aspen Capital Funding, a private portfolio mortgage lender that originates structured real estate-based financing and purchases non-performing loans across the United States. The firm is led by Rosenberg, partner Larry Mendelsohn (former J.P. Morgan and Bankers Trust executive), and principal Ulysses Sherman, and operates through a nimble organizational structure spanning investment, lending, servicing, acquisitions, joint ventures, and asset management.

The firm differentiates through a proprietary data platform that combines multi-disciplinary research, embedded data scientists, and client strategists with big-data analytics to drive investment strategies across its loan portfolios and managed assets. Revenue is generated through two principal streams: investment management returns from real estate, mortgage lending, special servicing, and distressed securities, and transaction-based income from interest, fees, mezzanine debt, preferred equity, and non-performing loan purchases. The firm is privately held, headquartered in Lake Oswego, Oregon, and serves institutional investors, high-net-worth individuals, and strategic joint-venture partners on a deal-by-deal basis.

Go-to-market is relationship-driven, relying on longstanding industry connections and off-market deal sourcing rather than broad-based sales or marketing channels. No public pricing, AUM, or revenue figures are disclosed; the company is founder-controlled with no parent company, no external institutional investment, and no public listing. Headcount is reported in the 101-250 range.

Aspen Capital firmographics

Firmographics
Name
Aspen Capital
Legal name
Aspen Capital
Website
https://aspencapital.com
Company type
Private
Founded year
1987
Operating status
Operating
Headcount range
101–250 employees
Short description
Aspen Capital is a Portland-based private investment firm founded in 1987 that operates a small-balance commercial real estate REIT (Gaea) and a mortgage lending platform (Aspen Capital Funding), using a proprietary data and analytics platform to source and manage debt and equity investments for institutional and high-net-worth partners.
Ownership category
akta.pro rank

Aspen Capital industry classification

Industry
Product category
Alternative Asset Management
NAICS
Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Activities Related to Real Estate (531390)
SIC
Investors, Nec (6799), Mortgage Bankers & Loan Correspondents (6162), Real Estate Investment Trusts (6798), Investment Advice (6282)
akta.pro primary industry
Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
akta.pro secondary industries
Real Estate Debt & Mortgage Strategies (FSAAAKAC), Real Estate Advisory & Consulting (Strategy, Portfolio & Location) (FSAEAJAH)

Keywords

  • Private equity investments
  • Commercial real estate lending
  • Alternative asset management
  • Distressed securities investing
  • Mortgage lending services

Where Aspen Capital is headquartered

Location

Headquarters

HQ city
Beaverton
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Aspen Capital business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Investment Management: Earn returns through investment in real estate, mortgage lending, special servicing, and distressed securities. Revenue derived from asset appreciation, interest income, and investment gains.
  2. Lending Operations: Generating interest income and fees through structured real estate-based financing, mezzanine debt, preferred equity, and non-performing loan purchases throughout the United States.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Aspen Capital product offering

Product offering

Core offering

Aspen Capital is a private equity and alternative investment firm that deploys capital across residential and commercial real estate, mortgage lending, special servicing, and distressed securities. The firm operates as a holding company with portfolio companies including Gaea Real Estate Corp., a REIT focused on small balance commercial real estate and mezzanine debt, and Aspen Capital Funding, a private portfolio mortgage lender specializing in structured real estate-based financing and non-performing loan purchases across the United States. Activities span investment management, lending, servicing, acquisitions, joint ventures, and asset management, supported by a proprietary data and analytics platform.

Product overview

Aspen Capital is a private equity firm operating as a holding company with two portfolio companies. The core firm provides investment management, software infrastructure, and analytics capabilities, while its portfolio includes Gaea Real Estate Corp. (a REIT focused on small balance commercial real estate and mezzanine debt) and Aspen Capital Funding (a private mortgage lender specializing in structured real estate financing). The firm's activities span lending and servicing, acquisitions, joint ventures, and asset management across residential and commercial properties in the United States.

Differentiator

Problem solved

Functional benefit

Brands

  • Gaea Real Estate Corp. An externally managed REIT that acquires and actively manages small balance commercial real estate, mezzanine debt and preferred equity assets.
  • Aspen Capital Funding

Products and services

  • Gaea Real Estate Corp.

Companies that use Aspen Capital

Customer profile

Segments2 records

Ideal customer profiles2 records

Aspen Capital technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Aspen Capital partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Aspen Capital competitors and assessment

Company assessment

Direct peers

  • Kennedy Wilson: Global real estate investment company with integrated investment management, lending, and asset management platforms across CRE equity and credit — directly comparable to Aspen Capital's vertically integrated model.
  • Arbor Realty Trust: Diversified CRE mortgage REIT and multifamily lender; directly comparable to Aspen Capital Funding's structured CRE lending and to Gaea REIT's externally managed structure.
  • PCCP, LLC: Private real estate debt and equity investment manager specializing in senior debt, mezzanine, and preferred equity — closely comparable to Aspen Capital's real estate credit focus.
  • A10 Capital: Small-balance commercial real estate lender focused on permanent debt and structured financing; a direct comparable to Aspen Capital Funding's small-balance CRE and NPL focus.
  • Rialto Capital Management: CRE investment and asset manager with deep distressed and special-situation expertise, including NPL acquisitions and special servicing — a direct analogue to Aspen Capital's distressed real estate strategy.
  • Pretium Partners: Real estate investment platform with significant exposure to residential and commercial credit, including distressed and NPL assets; comparable to Aspen's CRE credit and asset management approach.
  • Greystone: National CRE finance company active in Fannie/Freddie lending, bridge lending, and affordable housing; a peer in CRE lending and servicing with a similar diversified credit approach.

Broad incumbents

  • Cohen & Steers: Public real assets investment manager with significant REIT-focused strategies; an incumbent comparable in real assets/REIT investment management, though much larger and publicly listed.
  • Harrison Street: Institutional investment manager focused on alternative real assets including real estate debt; broader incumbent comparable in the real estate credit/asset management space.
  • Griffin Capital: Real estate investment and asset management firm offering CRE strategies and products; a broader incumbent in CRE investment management with overlap in portfolio company structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Aspen Capital social profiles

Digital presence

Aspen Capital financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Aspen Capital leadership team

Management profile

Number of profiles

Profiles3 records

Aspen Capital subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Aspen Capital funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Aspen Capital M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aspen Capital

What does Aspen Capital do?

Aspen Capital is a private equity and alternative investment firm that deploys capital across residential and commercial real estate, mortgage lending, special servicing, and distressed securities. The firm operates as a holding company with portfolio companies including Gaea Real Estate Corp., a REIT focused on small balance commercial real estate and mezzanine debt, and Aspen Capital Funding, a private portfolio mortgage lender specializing in structured real estate-based financing and non-performing loan purchases across the United States. Activities span investment management, lending, servicing, acquisitions, joint ventures, and asset management, supported by a proprietary data and analytics platform.

Is Aspen Capital a public or private company?

Aspen Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Aspen Capital founded?

Aspen Capital was founded in 1987. It employs 101 to 250 people.

Where is Aspen Capital based?

Aspen Capital is headquartered in Beaverton, United States, in the North America region.

How does Aspen Capital make money?

Two revenue lines are on record. Investment Management is the primary driver. The others are lending Operations.

Who are Aspen Capital's main competitors?

Direct peers on record are Kennedy Wilson, Arbor Realty Trust, PCCP, LLC, A10 Capital, Rialto Capital Management, Pretium Partners and Greystone. Broad incumbents are Cohen & Steers, Harrison Street and Griffin Capital.

Does Aspen Capital have an API?

No public API is recorded for Aspen Capital.

What industry is Aspen Capital in?

Aspen Capital's product category is Alternative Asset Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSAAAKAC, Real Estate Debt & Mortgage Strategies. Its NAICS code is 523940 and its SIC code is 6799.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales