Spaxel Property Management

Spaxel owns, operates and develops distinctive real estate projects across a range of strategies leveraging technology and innovative operating models to create incredible places to live, work and play.

Spaxel is a vertically integrated development and investment firm with in-house acquisitions, development and management capabilities powered by best-in-class, bleeding edge technology.

We pursue opportunities across a range of strategies with a primary focus on value-add and new construction multi-family targeting moderate income housing. We select growth markets across the United States with high employment and significant job and population growth, yet have unmet housing needs and rising rents relative to income.

Spaxel is led by Managing Partner Granit Gjonbalaj (previously Chief Development Officer at WeWork) and Chairman David Hamamoto (previously CEO and Chairman of Northstar Realty, CEO of Morgans Hotel Group, and Co-Head of Real Estate at Goldman Sachs).

Our principals have raised and managed billions of dollars across the capital stack and collectively developed and operated millions of square feet of residential and commercial assets with extensive ground-up, repositioning and value-add experience.

2065 Ryer Ave

We strengthen communities and enrich the lives within them by focusing on forgotten neighborhoods, reinvigorating them with new, quality housing and preserving existing housing for the Missing Middle.



Uniquely creative and experienced team with long term track record of success.


Complementary, risk adjusted strategies pursuing ground up and value add opportunities.


Fully vertically integrated in-house capabilities powered by bleeding-edge technology.