Neuberger Berman Adds Almanac Realty Investors

Cision PR Newswire | February 03, 2020

Neuberger Berman, a private, independent, employee-owned investment manager, announced the acquisition of Almanac Realty Investors. The addition of Almanac deepens Neuberger Berman's real estate solutions, complementing public REIT strategies of $1.8 billion, including the Neuberger Berman Real Estate Fund, real estate private equity secondaries, and public and private mortgage credit.  Almanac was founded in 1981 as Rothschild's real estate unit and spun out in 2007 as an independent firm. Almanac's primary strategy is to make investments in independent real estate firms seeking capital to fuel further growth. It has committed over $5.5 billion of growth capital to 44 public and private real estate companies, partnering with established, mid-sized owners and operators of real estate with unique competitive advantage within their niches across industrial, office, retail, multifamily, hotel and other sectors in North America. Examples include Mack Real Estate Group, RXR Realty, CA Ventures, Slate Asset Management, ReNew Senior Living and Westcore Properties, among others. For a complete list, please visit www.almanacrealty.com.

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