Maleda Berhane is the Principal, CEO, and co-founder of AR Spruce LLC, a Philadelphia-based real estate services and development company that plans, creates and manages real estate. Maleda’s deep background in the real estate development, both as an equity partner and on a fee basis, encompasses expertise in management and oversight of the site selection, feasibility analysis, entitlement, design and construction processes. She leads the company’s project management services, including community, client, and vendor relations. AR Spruce was formed in 2020 by the merger of Spruce Real Estate Partners and AthenianRazak, providing greater depth and capabilities to both companies. Since the merger, the new company is experiencing significant growth. Prior to founding AR Spruce, Maleda led Spruce Real Estate Partners, which she founded in 2013. Before founding Spruce REP, Maleda was Director of Project Management Services at Concordis Real Estate Advisors for 10 years, where she represented corporate and institutional clients on real estate development and construction projects. Prior to that, she served as a Development Manager at Aegis Property Group, and Project Engineer for the Mid-Atlantic division of Skanska USA Building, Inc. Maleda graduated from Drexel University with a BS in Civil Engineering and BS in Architectural Engineering. AR Spruce is a nationally certified MBE and WBE firm.