COLD SPRING
CAPITAL

As Managing Principal, Mr. Belfi leads day-to-day operations at CSC structuring and overseeing equity and debt partnerships. Prior to co-founding CSC, Mr.Belfi was a Principal at AION Partners, helping originate close to $4B in real estate investments and fundraising for single-asset ventures and multiple discretionary fund vehicles.

Previously, Mr. Belfi was a Vice President at Citi Private Bank working with high net worth and institutional clients. Mr. Belfi received a Juris Doctor from Brooklyn Law School and a Bachelor of Arts degree from Georgetown University. He holds a Chartered Financial Analyst designation, obtained his Professional Certificate in Real Estate Investment and Finance from New York University Schack Institute of Real Estate, and sits on the Steering Committee for the Georgetown University Steers Center for Global Real Estate.

As a Principal, Mr. Boyarsky focuses on acquisitions, asset management, and business development initiatives for the firm. Prior to co-founding CSC, Mr. Boyarsky was a Vice President at AION Partners where he specialized in multifamily investments in the Northeast and Mid-Atlantic regions of the U.S. While at AION Partners, he helped the firm originate over $1B in real estate investments.

Previously, Mr. Boyarsky was an Assistant Vice President at Capital One Bank where he underwrote, structured, and helped originate over $600 million of multifamily, office, retail, industrial, and condominium development loans for the bank’s balance sheet. Mr. Boyarsky received a Bachelor of Science degree (summa cum laude) from the Gabelli School of Business at Fordham University.

As a Principal, Mr. Glavin focuses on acquisitions, asset management, and business development initiatives for the firm. Prior to co-founding CSC, Mr. Glavin was a Vice President of AION Partners where he specialized in multifamily investments in the Northeast, Mid-Atlantic, and Midwest regions of the U.S. While at AION Partners, he helped the firm originate over $1B in real estate investments.

Previously, Mr. Glavin was an Analyst at M&T Bank where he underwrote, structured, and originated over $500 million of multifamily, retail, and office transactions in the New York City area. Mr. Glavin received a Bachelor of Science degree from Georgetown University and sits on the Associate Advisory Board for the Georgetown University Steers Center for Global Real Estate.

As a Principal, Mr. Horowitz focuses on the firm’s equity and debt partnerships. In addition to his various responsibilities throughout CSC, he oversees the firm’s affiliate credit business, Twin Spruce Capital. Prior to this, Mr. Horowitz was a Vice President at the Related Companies where he co-managed the firm’s multifamily preferred equity strategy within the Related Fund Management platform. Mr. Horowitz was responsible for managing all facets of the strategy including originations, underwriting, asset management and investor relations. While at Related, he invested in over $10.3 billion worth of core and value-add multifamily assets across 30+ states throughout the country.

Previously, Mr. Horowitz worked at Rialto Capital where he focused on underwriting and asset managing investments throughout the firm’s special servicing and non-performing loan portfolios. Mr. Horowitz received a Juris Doctor and a Masters in Business Administration from the University of Miami and a Bachelors of Arts degree from the University of Michigan.