Neuberger Berman Snatches up Almanac Realty Investors
Posted on 02/04/2020
Asset manager Neuberger Berman acquired Almanac Realty Investors, LLC. Almanac will operate as a distinct investment platform at Neuberger Berman. The group will continue to be led by its Managing Partner, Matthew Kaplan, and its Partners and Investment Committee members Pike Aloian, Justin Hakimian, Josh Overbay, and Andrew Silberstein.
Almanac Realty Investors started in 1981 as Rothschild’s real estate unit (Rothschild Realty, Inc.) and spun out in 2007 as an independent firm.
Almanac Realty Investors main strategy is to make investments in independent real estate firms seeking capital to fuel further growth. Some past investments include Mack Real Estate Group, RXR Realty, CA Ventures, Slate Asset Management, ReNew Senior Living, and Westcore Properties, among others. Some investors in Alamanc Realty funds on the U.S. pension side include the Orange County Employees Retirement System and San Diego City Employees Retirement System.
Advisors
Berkshire Global Advisors acted as financial advisor to Almanac Realty Investors on the transaction. Ardea Partners advised Neuberger Berman.
