Almanac Acquired by Neuberger Berman
02.06.20
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Simpson Thacher represented Almanac Realty Investors in connection with its sale to Neuberger Berman, a private, independent, employee-owned investment manager. 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. Additional terms of the transaction were not disclosed.
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.
The Simpson Thacher team included Michael Wolfson and Todd Noelle (M&A); Jason Herman, Sage Hughes and Sheena Shah (Funds); Marcy Geller, Dmitry Zelik and Abigail Hopper (Tax); and Larry Moss, Patricia Adams and Caitlin Fitzgerald (ECEB).