Sherman Associates announces capital commitment from Almanac Realty Investors
Sherman Associates, a developer, owner and operator of multifamily housing, and Almanac Realty Investors, the private real estate investment arm of Neuberger Berman, have formed a new partnership, Sherman Associates Ventures, dedicated to delivering high-quality, environmentally sustainable homes for individuals and families across all incomes throughout the Upper-Midwest and Mountain regions of the United States.
Through Sherman Associates Ventures, Sherman aims to work with the municipalities throughout Minneapolis, St. Paul, Denver, and Des Moines to meet their housing goals of providing environmentally sustainable housing for residents with luxury amenities at affordable rents.
“Our partnership with Almanac allows us to aggressively pursue our corporate mission to work with cities and build communities. Our growth will allow us to promote our green initiatives and develop both market-rate and affordable properties with a long-term commitment to the communities we