Home / transaction / Berkshire Global Advisors acted as financial advisor to Almanac Realty Investors
Berkshire Global Advisors acted as financial advisor to Almanac Realty Investors
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  • Berkshire Global Advisors acted as financial advisor to Almanac Realty Investors

  • Date: February 2020
  • Sector: Private Markets - Real Estate / Assets
  • Sub-Sector: Real Estate
  • Region: North America
  • Seller AUM: $4 Billion
  • Seller Details:
    Since 1996, Almanac’s (together with its predecessor, Rothschild Realty, Inc.) primary activity has been making growth capital investments into private and public companies which own and operate real estate in North America. Almanac managed funds have committed over $5.5 billion to 44 companies. Almanac’s portfolio companies are structured to combine proven management teams within a specific real estate sector together with ownership of focused portfolios of real estate assets and interests. These companies are governed by a board of directors consisting primarily of representatives from the management teams and Almanac, with a focus on protecting and growing shareholder value, generating dividends, setting strategy, allocating capital and working with management to optimize resources.

    Buyer Details:
    Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s diverse team has 2,200 professionals. The firm manages $356 billion in client assets as of December 31, 2019.

    Transaction Summary:
    Neuberger Berman, a private, independent, employee-owned investment manager, acquired 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