ABOUT US

We combine financial and intellectual capital to help proven teams build great real estate companies

Since 1996, Almanac's 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 billion to 41 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.

For our investors, Almanac provides:

  • Alignment of interests with each company's management team
  • Transparency into the company's performance and operations
  • Input into major strategic, investment and staffing decisions

For management teams, Almanac provides:

  • Access to significant long term, flexible capital
  • Ability to efficiently pursue growth plans and pipeline
  • Deep expertise in corporate and real estate finance, capital markets, systems and organizational development

Matt Kaplan, Managing Partner, Almanac Realty Investors, talks to Greg McKinnon, Director of Research at PREA about the issues involved in investing in real estate operating companies

History

Almanac Realty Investors traces its roots back to 1981, when the firm's predecessor was established as the real estate advisory business of Rothschild North America, in partnership with the Rothschild family.

1981
John McGurk, in partnership with the Rothschild family forms the real estate investment and advisory business of Rothschild North America. The group forms an opportunity fund, New Court Properties. Pike Aloian joins the firm in 1988 and Matthew Kaplan in 1990
1987
Rothschild Property Investors is formed to continue the firm's opportunistic investment activities
1989
The firm forms a partnership with a U.S. public pension fund and ultimately invests $430 million to create what becomes known as Charter Oak, a national outlet mall platform
1994
The firm begins investing family and partner capital in an equity long/short real estate securities strategy
1996
The firm forms a partnership with a large U.S. public pension fund for what becomes a $317 million fund (ARS I) and the first of the Five Arrows Realty Securities (later renamed Almanac Realty Securities) series of funds; invests in 6 companies
1998
ARS II closes with $318 million of commitments; invests in 5 companies as well as open market public securities trading
1999
ARS III closes with $232 million of commitments; invests in 3 companies
2004
ARS IV, the firm's first commingled insitutional fund, closes with $445 million of commitments; invests in 6 companies
2007
Rothschild Realty's team form an independent partnership to continue the investment management business using the name Rothschild Realty Managers
2008
ARS V closes with $839 million of commitments, invests in 7 companies as well as open market public securities trading

2011
The firm's name changes to Almanac Realty Investors, LLC
2012
Andrew Silberstein admitted to the partnership
2012
ARS VI closes with $819 million of commitments; invests in 6 companies
2014
Almanac Realty Securities Canada I, L.P. is formed to expand the firm's investment platform to Canada
2015
ARS VII closes with $1.26 billion of commitments; currently invested in 6 companies
2016
Justin Hakimian admitted to the partnership
2017
Almanac Realty Public Securities, L.P. is formed to formally launch a value oriented, REIT/real estate public securities investment platform

THE TEAM

We have three decades of experience investing in real estate and real estate operating companies with deep expertise in entity level transactions. Our team has the skills of a direct real estate investor combined with a thorough understanding of both public and private debt and equity capital markets.

On average, Almanac’s partners have worked together for over 20 years. We strive to maintain core values of integrity, patience, disciplined investment judgment, transparency, and positive relations with both our investors and portfolio company management teams. Scroll over the names below to learn more about our team members.

Partners

Matthew W. Kaplan

Managing Partner

D. Pike Aloian

Partner

John D. McGurk

Partner

SENIOR MANAGEMENT

Henry C. Herms

Chief Financial Officer
 
 

Jennifer M. Cattier

General Counsel & Chief Compliance Officer

Josh K. Overbay

Managing Director
Capital Raising & Investor Relations

INVESTMENTS AND INVESTOR RELATIONS

David K. Haltiner

Director
Investments

Kenny K. Moon

Director
Investments

Scott J. Peters

Director
Investments

Matthew J. Wolpert

Portfolio Manager
Public Securities

Madeline K. Chiavini

Vice President
Investments

Michael H. O'Neill

Vice President
Investments

Sidney Kanell

Associate
Investments

Matthew P. Marshall

Associate
Investments

Gabrielle M. Porter

Associate
Investor Relations

Andrew Batinovich

Senior Advisor
 

Simon R.C. Wadsworth

Senior Advisor
 

FINANCE, TAX & REPORTING

Joseph M. Sacchetti

Controller

Xiu Zheng

Tax Manager

Michael A. Mitchell

Accounting Supervisor

Jason A. Dumont

Senior Accountant

Vincent M. Parente

Accountant

ADMINISTRATION

Diana Chiarella

Executive Assistant
 

Laura LoRubbio

Executive Assistant
 

Marilou Reventar

Executive Assistant
 

Mali Monges

Receptionist and Office Assistant

INVESTMENT PORTFOLIO

We don't buy businesses, and we don’t buy buildings. We invest in proven management teams looking to build great real estate companies.

We look first and foremost at the people – their track record, success and reputation – and then apply keen focus on the real estate opportunity. Below is a complete list of all investments made by ARS and CARS funds.

Current Investments


ReNew
Senior Housing
2018
Up to $200.0 M
+
Merritt
Industrial/Office, Mid-Atlantic
2017, 1997
Up to $400 M
+
PREP Property Group
Retail, National
2017
Up to $300 M
+
Westcore Properties II
Industrial/Office, West
2016
Up to $337.5 M
+
Mount Auburn
Multi-family, National
2015 & 2017
Up to $300 M
+
Claros REIT
Mortgage REIT
2015
$175.0 M
+
HRIP Holdings
Hospitality, Multifamily, Commercial
2014 & 2016
$200.0 M
+
Slate Asset Management
Office/Retail, Canada
2014
C$140.0 M
+
Shaner Hospitality Finance
Hospitality, National
2013
$50.0 M
+
RAIT Financial Trust (RAS)
Commercial Mortgage, National
2012
$100.0 M
+
Westcore Properties
Industrial/Office, West
2011
$197.7 M
+
CA Student Living Investments
Student Housing, National
2015
$125.0 M
RXR Realty
Office, NYC Metropolitan
2010
$175.0 M
National RV Communities
RV Parks, National
2005
$115.0 M
Open Market Securities
Publicly traded securities, National
2008
$17.8 M
Allegro Senior Living
Senior Living, Southeast
2007
$75.0 M
Drawbridge Realty Trust
Office, Industrial, West
2012
$150.0 M
JH Real Estate Operating Partners
Multi-family, California
2011
$100.0 M
Welsh Property Trust
Industrial, Midwest
2010
$190.0 M
NRES Holdings
Multi-family, Midwest
2012
$125.0 M
Vanta Commercial Properties (Formerly T. Wall Properties)
Office, Madison, WI
2007
$104.9 M
Advance Realty Group
Office, Mid-Atlantic
2001
$65.8 M
In Liquidation
Winter Properties
Mixed Use, NYC Metropolitan
2014
$200.0 M
BSR Trust (Formerly Summit Housing Partners)
Multi-family, Southeast
2010
$100.0 M
Shaner Mortgage REIT
Hotel Debt, National
2009
$29.6 M
Shaner Hotels Holdings
Hospitality, East
2007
$59.6 M
Denholtz Holdings
Office/Industrial/Flex, East
2005
$103.8 M
Encore Hospitality LLC
Limited Service Hotels, South
2005
$45.2 M
Victory Real Estate
Retail, Southeast
2004
$100.0 M
Parkway Properties, Inc. (PKY)
Office, Southeast
2001
$75.0 M
Brandywine Realty Trust (BDN)
Office/Industrial, Mid-Atlantic
1999
$105.0 M
Open Market Securities
Publicly traded securites, National
1999
$32.0 M
WNY
Multi-family, NJ, PA, MD, DE
1999
$20.0 M
CNL Hospitality
Triple net lease hospitality REIT
1999
$64.1 M
HealthCare REIT (HCN)
Healthcare, National
1999
$75.0 M
Morningstar Storage Centers
Self-storage, Carolinas
1998
$60.0 M
EastGroup Properties, Inc. (EGP)
Industrial, South, West and Sun Belt
1998
$70.0 M
Acadia Realty Trust (AKR)
Retail, East Coast
1998
$22.6 M
CNL Financial
Restaurant mortgage finance, National
1997
$40.0 M
Lexington Realty Trust
Diversified triple net lease REIT
1997
$25.0 M
Pacific Gulf Properties (PAG)
Small tenant industrial, West Coast
1997
$55.0 M
Ambassador Apartments
Multi-Family, Sun Belt
1996
$25.0 M

NEWS

Get the latest news about Almanac Realty Investors here. To view the full details of an article or press release below,
simply click on the title of the article to read more.

CONTACT

For general inquiries please fill out the contact form and we will get back to you promptly.
For Investor Inquiries please contact Josh Overbay at josh.overbay@almanacrealty.com.
You can also call us at (212) 403-3522 or email us at info@almanacrealty.com.

Almanac Realty Investors LLC

1140 Avenue of the Americas, 17th Floor, New York, NY 10036