Neuberger Berman's real estate arm invests in Waterton

Almanac Realty Traders, the personal true estate investment decision arm of Neuberger Berman, has obtained a minority possession stake in Waterton, a real estate investment and home administration company with a concentration on U.S. multifamily, senior dwelling and hospitality houses.

“The transaction is an exciting enhancement for our group and we think that Almanac will be a excellent strategic associate for Waterton,” said David Schwartz, chief govt officer and chairman at Waterton.

“Almanac’s long-lasting funds, deep genuine estate working experience and entry to a vary of world wide means via Neuberger Berman, like its private wealth channel, will assistance the continued expansion of Waterton and enrich the business platform about the long–term,” he added.

“Waterton has developed a track record, above the firm’s lengthy history, as a finest-in-course authentic estate expense manager, with certain abilities and operating functionality in the multifamily sector,” said Andrew Silberstein, Running Director and Head of Non-public Markets at Almanac. “We are very pleased to be partnering with this extraordinary crew on this up coming stage of their expansion.”