This week, Neuberger Berman, a private, independent, employee-owned investment manager, announced the acquisition of Almanac Realty Investors. Matthew Kaplan, managing partner at Almanac, and Jacques Lilly, managing director at Neuberger Berman, discussed their partnership in depth with IREI’s Newsline.
“We could have remained independent and done well. But we wanted to ally ourselves with a firm that enhances our business and our opportunities to provide the returns expected from our investors. And we found the right firm,” said Kaplan. “We think we are going to have the opportunity to meaningfully elevate our business through this strategic partnership. From our perspective, we have a very targeted and focused team of professionals that have been working in a particular area for all these years. The opportunity set for making strategic growth capital investments in real estate platforms continues to expand. We wanted to make the best use of our position in the mark
