Since 1996, Almanac’s primary activity has been making growth capital investments into private and public companies that own and operate real estate in North America. Almanac-managed funds have committed more than $8.3 billion to 56 companies.1
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.
Our Investors
Alignment of interests with each company’s management team
Input into major strategic, investment and staffing decisions
Transparency into the company’s performance and operations
Management Teams
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
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1981
John McGurk and the Rothschild family
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. -
1987
Rothschild Property Investors
Formed to continue the firm's opportunistic investment activities. -
1988
Pike Aloian joins the firm
Pike Aloian begins working at Rothschild Realty. -
1989
Partnership formed with a U.S. public pension fund
Ultimately invests $430 million to create what becomes known as Charter Oak, a national outlet mall platform. -
1990
Matthew Kaplan joins the firm
Matthew Kaplan begins working at Rothschild Realty. -
1994
Investment in real estate strategy
The firm begins investing family and partner capital in an equity long/short real estate securities strategy. -
1996
Partnership formed with a large U.S. public pension fund
For what becomes a $317 million fund (ARS I) and the Five Arrows Realty Securities (later renamed Almanac Realty Securities) series of funds; invests in six companies. -
1998
ARS II closes with $318 million of commitments
Invests in five companies as well as open market public securities trading. -
1999
ARS III closes with $232 million of commitments
Invests in three companies. -
2004
ARS IV, the firm's first commingled institutional fund
Closes with $445 million of commitments; invests in six companies. -
2007
Independent Partnership Formed
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 seven companies as well as open market public securities trading. -
2011
Almanac Realty Investors, LLC
The firm's name is changed to Almanac Realty Investors, LLC. -
2012
Andrew Silberstein admitted to the partnership
Andrew Silberstein joins Almanac’s investment committee. -
2012
ARS VI closes with $819 million of commitments
Invests in six companies. Almanac Realty Investors registered as a registered investment adviser with the Securities and Exchange Commission. -
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
Invested in seven companies. -
2016
Justin Hakimian admitted to the partnership
Justin Hakimian joins Almanac’s investment committee. -
2017
Public Securities Strategy Launched
Formed to formally launch a value-oriented, REIT/real estate public securities investment platform. -
2018
ARS VIII closes with $1.9 billion of commitments
Currently invested in eight companies. -
2019
Josh Overbay admitted to the partnership
Josh Overbay joins Almanac’s investment committee. -
2020
Neuberger Berman Acquisition
Neuberger Berman acquires Almanac Realty Investors, LLC. -
2020
David Haltiner admitted to the partnership
David Haltiner joins Almanac’s investment committee.