Almanac Realty Investors

What is Almanac Realty Investors?

Almanac Realty Investors is a real estate investment firm established in 1981 with a focus on providing growth capital investments to private and public real estate operating companies. They manage a series of funds known as Almanac Realty Securities and are based in New York, New York. The firm's investment strategy involves combining seasoned management teams within a particular real estate sector along with compact portfolios of real estate assets and interests.

These portfolio companies are governed by boards principally comprising representatives from their management teams and Almanac, aiming to enhance shareholder value, generate dividends, strategize capital allocation, and assist in resource optimization. Almanac creates alignment of interests with company management teams and provides strategic, investment, and staffing decision inputs while maintaining transparency with investors regarding company performance and operations. Their approach benefits management teams by providing long-term, flexible capital, enabling them to efficiently execute growth plans.

Almanac has a deep expertise in corporate and real estate finance, capital markets, systems, and organizational development.

Since 1996, they have committed over $8.3 billion to 56 companies operating across North America. Almanac Realty Investors, part of Neuberger Berman Group LLC, offers services like entity-level investing and GP stakes investments in real estate companies.

The firm has developed its platform through various partnerships with public pension funds and has progressively launched several funds (ARS I to ARS VIII) with commitments ranging from $232 million to $1.9 billion. They emphasize value-oriented investments in public securities related to real estate and target their investment strategy towards PropTech and related sectors. Almanac's history includes key partnerships, fund launches, committee admissions, and a significant acquisition by Neuberger Berman in 2020.