Published on 11, Oct 2023

Eric Spofford & Spofford Enterprises Finds Success in Real Estate Investment

MIAMI, Florida – Eric Spofford, founder of the east coast-based Granite Recovery Centers, is bringing an impressive drive to real estate investment as he’s established Spofford Enterprises.

Founder and former CEO/executive chairman Eric Spofford put his addiction recovery services company on the market, eventually signing a deal with BayMark Health Services from Lewisville, Texas. Earning a significant payout, Eric Spofford wanted to take a different path in the wake of his separation from the asset.

“Drug overdoses in 2020 reached the highest numbers ever recorded by the CDC even as we were getting indications that our services were working,” Eric explains. “That being said, it was clear that we were kind of just getting hit with the tidal wave. Admittedly, all of that work is very emotionally taxing. I wanted to do something where I could hold onto my ideals without having to take it home with me, and in building my own firm I think I found that.”

A Growing Market

Spofford Enterprises has offices in Salem, New Hampshire, and Miami, Florida. Nestled in spots that have a great deal of value surrounding their headquarters, Spofford has taken advantage of housing booms in Miami recently, as the housing boom is just now starting to cool down. As a real estate mogul specializing in multi-unit properties in Florida and New Hampshire, Eric Spofford has 

Investing in a multiunit property potentially could grow your real estate portfolio and bring in a significantly higher income than focusing on single-family properties. Depending on the amount of rental units, multiunit properties don’t warrant huge costs to manage, ensuring multiple revenue streams while keeping costs for tenants manageable.

Specializing in commercial property investment, and venture capital as well, Eric Spofford shows a determination to thrive in a new industry through savvy investment approaches.

Always Moving Forward

Spofford ensured that BayMark’s acquisition would not leave his former employees out to dry, making the decision to sell the business to a company that was in the wake of expansion to afford greater opportunities for advancement. With a clear conscience of leaving Granite Recovery behind, the Entrepreneur is taking advantage of the emerging real estate market.

“I wanted something new, something not so emotional taxing, and it turns out this industry is easy for me to grasp because it's all practical.” Securing more than 9 figures in selling Granite Recovery, Eric wanted to use this as the foundation for something greater. Composing himself with a great deal of humility even today, the entrepreneur is sure to never assume anything will come easy. Always ready to put up a fight, Eric Spofford has an unshakeable spirit in pushing forward.

Investment in Venture Capital

In leading Spofford Enterprises, Eric balances the reliability of the capital of land itself through real estate and the exciting new takes offered by venture capital, taking on ideas from young founders that have an understanding of the digital market space. “We’re about being on the curb of the next big thing, we don’t want anything so predictable, we get into real estate for a little more control. We want to put more into the hands of the amazing founders and innovators we collaborate with, we want to have a lot of confidence in something that will have some longevity because the world, industry, or whatever is always changing and we know that.”

Finding balance in business and life, Eric Spofford isn’t going anywhere anytime soon.