Waterton, Almanac Realty Investors announce strategic minority investment

Waterton and Almanac Realty Investors announced an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.

The strategic investment will provide additional resources to Waterton while having no impact on the day-to-day management, operations or business decision-making process.

Waterton will leverage the capital partnership for continued investment in new business initiatives and the growth of its multifamily, single-family rental, seniors-housing and hospitality strategies, as well as a focus on attracting, retaining and growing the firm’s talent.

“The transaction is an exciting development for our organization, and we believe that Almanac will be a great strategic partner for Waterton,” said David Schwartz, CEO and chairman at Waterton.  “Almanac’s permanent capital, deep real estate experience and access to a range of global resources through Neuberger Berman, including its private wealth channel, will s