Winterspring Capital
Winterspring Capital is a Boston-based real estate investment firm that forms multifamily real estate syndications for accredited individual investors, managing over $56 million in multifamily assets across the Greater Boston area.
- Company typePrivate
- Founded2015
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Winterspring Capital does
Winterspring Capital is a Boston-based real estate investment firm that structures multifamily real estate syndications for accredited individual investors. Founded in 2015 by Nick Earls and Eric DiNicola, the company sources, underwrites, negotiates, and operates multifamily acquisition and development projects concentrated in the Greater Boston market, with reported assets under ownership or development exceeding $56 million. The firm's product set includes passively-managed equity syndications, a self-directed IRA investment platform, and content-driven investor education offerings (Winterspring Academy, investor guides, investor toolkit) delivered at scale via the firm website and a third-party Appfolio investor portal.
Winterspring Capital firmographics
Firmographics- Name
- Winterspring Capital
- Legal name
- Winterspring Capital
- Website
- https://winterspringcapital.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Winterspring Capital is a Boston-based real estate investment firm that forms multifamily real estate syndications for accredited individual investors, managing over $56 million in multifamily assets across the Greater Boston area.
- Ownership category
- akta.pro rank
Winterspring Capital industry classification
Industry- Product category
- Real Estate Investment Services
- NAICS
- Other Financial Vehicles (52599), Offices of Real Estate Agents and Brokers (53121)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Funds — Opportunistic / Development (FSANAEAI)
- akta.pro secondary industry
- Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where Winterspring Capital is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Winterspring Capital business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D
Revenue model
- Real Estate Syndication Fees: Winterspring Capital generates revenue by forming real estate syndications where accredited investors contribute capital to multifamily investment opportunities. The company combines its own capital with investor capital to access institutional-level investment opportunities. Investors share in all benefits of property ownership without active involvement.
- Development and Value-Add Returns: Revenue is generated through development projects, including new construction multifamily, office-to-apartment conversions, and condominium development. The company implements business plans to force appreciation and generate returns through property improvements and repositioning.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Accredited Investor Investment Portal |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Winterspring Capital product offering
Product offeringCore offering
Winterspring Capital forms real estate syndications for accredited individual investors, pooling investor capital with its own to acquire, develop, and manage multifamily real estate properties in the greater Boston area. The firm sources opportunities, underwrites deals, negotiates purchases, and implements business plans, allowing investors to earn passive returns and access institutional-level real estate investments. It also offers self-directed IRA investment options for retirement-funded real estate investing.
Product overview
Winterspring Capital operates as a real estate investment firm offering a platform of passive investment products centered around multifamily real estate syndications. The core offering is their real estate syndication structure, which allows accredited investors to participate passively in multifamily and mixed-use development projects in the greater Boston area. Supporting products include a Self-Directed IRA investment platform for tax-advantaged investing, a suite of educational resources (Investor Guides/eBooks, Investor Toolkit, and Winterspring Academy article library), and an investor email course. The company also provides access to an investor portal (Appfolio) for account management. Their investment focus includes apartment development, office-to-apartment conversions, affordable housing, luxury multifamily condominiums, and they also invest in life sciences real estate and flex space developments.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Syndications Core offering of the firm: Winterspring Capital forms real estate syndications for each new investment, allowing accredited individuals to invest completely passively. The team sources opportunities, underwrites deals, negotiates purchases, and implements business plans while investors share in ownership benefits without active involvement.
- Self-Directed IRA Investment Platform Offers qualified individuals the opportunity to invest through their self-directed IRA, enabling tax-advantaged real estate investment within retirement accounts, including 401K rollovers.
Quantifiable outcome
- Over $56 million in multifamily assets under ownership or development
- +1 more outcomes
Companies that use Winterspring Capital
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Winterspring Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Winterspring Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- PWN DevelopmentcorePWN Development is referenced as a development firm affiliated with Winterspring Capital. Nick Earls is the author of 'Making Millions through Multi-Family Development' and co-founded both companies with Eric DiNicola. The companies work together as an integrated real estate development and investment platform serving the greater Boston area.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Winterspring Capital competitors and assessment
Company assessmentDirect peers
- RangeWater Real Estate: RangeWater Real Estate is a multifamily development and investment firm operating across the Sunbelt. It competes for similar value-add deal flow and accredited investor capital, with a comparable build-and-hold-plus-syndication platform.
- BAM Capital: BAM Capital is a multifamily syndication firm focused on value-add apartment investments for accredited passive investors. It directly competes for the same LP base and similar value-add Class B/C deal flow that Winterspring targets.
- American Capital Group: American Capital Group is a vertically integrated multifamily investment and development firm that sponsors syndications for individual investors. Its integrated develop-and-syndicate model mirrors Winterspring's partnership with PWN Development.
- Ashcroft Capital: Ashcroft Capital is a multifamily syndicator acquiring Class B/C value-add apartments for passive investors. Its value-add thesis, LP acquisition approach, and asset class overlap make it a directly comparable peer.
- Cardone Capital: Cardone Capital is a multifamily real estate syndication firm that pools capital from individual investors to acquire income-producing apartment properties, closely mirroring Winterspring's accredited-investor syndication model in product, customer, and GTM.
- Vinings Capital: Vinings Capital is a real estate investment firm that runs syndications of multifamily and self-storage assets for accredited investors. Its LP-driven syndication model and passive-income value proposition align with Winterspring's offering.
- Ardent Capital Partners: Ardent Capital Partners is a multifamily-focused real estate investment firm offering passive syndications to accredited investors. Its strategy of pooling LP capital for value-add apartment deals overlaps directly with Winterspring's core offering.
Broad incumbents
- Fundrise: Fundrise is a large real estate investment platform offering eREITs and interval funds to individual investors. While not a pure multifamily syndicator, it competes for the same pool of accredited investors seeking passive real estate exposure.
- Greystar Real Estate Partners: Greystar is one of the largest global multifamily investment, development, and property management firms. It competes broadly for institutional and individual capital in multifamily and is referenced in Winterspring's podcast appearances as an industry incumbent.
Emerging players
- Roofstock: Roofstock is an online marketplace for single-family rental investing and also offers syndicated investment products to individual investors. It competes for accredited investors seeking passive real estate income, partially overlapping Winterspring's customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Winterspring Capital social profiles
Digital presenceWinterspring Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Winterspring Capital leadership team
Management profileNumber of profiles
Profiles4 records
Winterspring Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Winterspring Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Winterspring Capital
What does Winterspring Capital do?
Winterspring Capital forms real estate syndications for accredited individual investors, pooling investor capital with its own to acquire, develop, and manage multifamily real estate properties in the greater Boston area. The firm sources opportunities, underwrites deals, negotiates purchases, and implements business plans, allowing investors to earn passive returns and access institutional-level real estate investments. It also offers self-directed IRA investment options for retirement-funded real estate investing.
Is Winterspring Capital a public or private company?
Winterspring Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Winterspring Capital founded?
Winterspring Capital was founded in 2015. It employs 1 to 10 people.
Where is Winterspring Capital based?
Winterspring Capital is headquartered in Boston, United States, in the North America region.
How does Winterspring Capital make money?
Two revenue lines are on record. Real Estate Syndication Fees are the primary driver. The others are development and Value-Add Returns.
Who are Winterspring Capital's main competitors?
Direct peers on record are RangeWater Real Estate, BAM Capital, American Capital Group, Ashcroft Capital, Cardone Capital, Vinings Capital and Ardent Capital Partners. Broad incumbents are Fundrise and Greystar Real Estate Partners. Roofstock is listed as an emerging player.
Does Winterspring Capital have an API?
No public API is recorded for Winterspring Capital.
What industry is Winterspring Capital in?
Winterspring Capital's product category is Real Estate Investment Services. Its primary akta.pro industry code is FSANAEAI, Real Estate Funds — Opportunistic / Development, with a secondary code of BPAJABAL, Capital Markets Advisory (Equity Placement, JV & Recapitalization). Its NAICS code is 52599 and its SIC code is 6799.