The Team

Mr. Kaplan is the Chairperson of Almanac’s investment committee and responsible for overseeing the activities of Almanac and portfolio management of the ARS Funds. He currently serves on the boards of PREP Property Group and ReNew Senior Living. He has also served on the boards of Allegro Holdings, Ambassador Apartments Inc., CNL Financial Services, CNL Hospitality Properties, Encore Hospitality, Hallmark Holdings, National RV Communities, Parkway Properties, RXR Realty, Vanta Commercial Properties, Winter Properties, WNY Group and Westcore Properties. Prior to joining Almanac in 1990, he served in the Corporate Finance Department of Rothschild Inc. He is a member of NAREIT’s Real Estate Investment Advisory Council, a Research Sponsor at the Zell/Lurie Real Estate Center of the Wharton School, an Associate Member of the Pension Research Council of the Wharton School, and a member of the Advisory Board of the Ohio State University Center for Real Estate. Mr. Kaplan began his career as a management consultant at Touche Ross & Co. Mr. Kaplan graduated cum laude from Washington University in 1984 and received an MBA from The Wharton School in 1988.

Mr. Silberstein is a member of Almanac’s investment committee and is responsible for the origination, structuring and management of the investments of Almanac’s funds. He currently serves on the boards of CIP Real Estate, L3 Capital, PREP Property Group, Claros Mortgage Trust and Davlyn Investments. He has also served on the boards of NRES Holdings, RXR Realty, Welsh Property Trust, Winter Properties, WPT Industrial Real Estate Investment Trust (TSX:WIR), RAIT Financial Trust (NYSE: RAS), Westcore Properties and Slate Asset Management. Prior to joining Almanac in 2009, he served as the Chief Investment Officer and Chief Operating Officer for Stoltz Real Estate and during the same period established AMS Real Estate Partners. Prior to that, he worked in real estate investment banking and private equity, first at Bear Stearns and then Morgan Stanley. He has been a member of National Association of Real Estate Investment Trusts, the Urban Land Institute and ICSC. Mr. Silberstein graduated from Yale University in 1989 and received an M.B.A. in 1995 from New York University Stern School of Business where he was a Glucksman Fellow.

Mr. Aloian is a member of Almanac’s investment committee and is responsible for the origination, structuring and management of the investments of Almanac’s funds. He currently serves on the boards of EastGroup Properties (NYSE:EGP), Shaner Hospitality Finance, Merritt Properties, Welcome Group, Sherman Associates Ventures and Klein Enterprises. He has also served on the boards of Brandywine Realty Trust (NYSE:BDN), BSR Trust (formerly known as Summit Housing Partners), CRT Properties (NYSE:CRO), Denholtz Holdings, Drawbridge Realty Trust, Metrogate LLC, Morningstar Mini-Storage, Shaner Hotel Holdings, Shaner Mortgage REIT, Victory Real Estate Investments and Mount Auburn. Prior to joining Almanac in 1988, he was a vice president at The Harlan Company, where he was responsible for property acquisition, development and financing. He has also served as an adjunct professor of the Columbia University Graduate School of Business. Mr. Aloian graduated from Harvard College in 1976 and received an MBA from Columbia University in 1980.

Mr. Hakimian is a member of Almanac’s investment committee and is responsible for the origination, structuring and management of the investments of Almanac’s funds. He currently serves on the board of HRIP Holdings, ReNew Senior Living, McNeill Hotel Investors and ACRE. He has also served on the boards of CA Student Living, Drawbridge Realty Trust, JH Real Estate, and Vanta Commercial Properties. Prior to joining Almanac in 2005, he was an Associate in the Equity Research department at Morgan Stanley, with coverage of oil & gas companies. Mr. Hakimian graduated from the University at Albany in May 2001 with a Bachelor of Science in Finance.

Mr. Haltiner is a member of Almanac’s investment committee and is responsible for the origination, structuring and management of the investments of Almanac’s funds. He currently serves on the boards of CIP Real Estate, Shaner Hospitality Finance and Welcome Group, and has also served on the board of Winter Properties, Westcore Properties and Claros Mortgage Trust. Prior to joining Almanac in 2008, he was in the Real Estate Finance and Securitization Group of Credit Suisse. Mr. Haltiner graduated from the University of Georgia in December 2006 with a Bachelor of Business Administration in Finance.

Mr. Overbay is a member of Almanac’s investment committee. Mr. Overbay is responsible for leading the firm’s capital raising and investor relations activities. He currently serves on the board of L3 Capital. Prior to joining Almanac in 2014, he was a Director at Lazard Frères & Co. (“Lazard”) in the Private Fund Advisory Group, with specific responsibility for advising and raising capital for real estate private equity fund managers. Before his time at Lazard, he was a Vice President of Perseus Realty Partners, a Washington, DC based real estate private equity firm, where he led the firm’s global capital raising and investor relations activities. Previously, he worked in financial services public policy roles at the U.S. Chamber of Commerce. Mr. Overbay graduated from Roanoke College in 2002, received a Master’s Degree in Legislative Affairs and Public Policy from The George Washington University in 2007, and a Master’s Degree in Real Estate from Georgetown University in 2010.

Mr. Herms leads the team responsible for all aspects of the financial management and reporting processes of Almanac. In that regard, he is responsible for establishing the operating policies and procedures governing the department, including: investor reporting; performance measurement; tax compliance; investment and fund structuring; treasury management; investor capital management, including subscription credit facilities; and monitoring portfolio company reporting. Mr. Herms is the Finance Representative on the Almanac Valuation Committee. Prior to joining Almanac in 2012, he was employed by Lazard, where he served in a similar role related to a series of real estate private equity and mezzanine debt funds, as well as the Chief Financial Officer of one of the portfolio companies. Mr. Herms was previously employed by Arthur Andersen LLP, where he was responsible for audit and consulting engagements for real estate and construction entities, and private equity real estate investment funds. Mr. Herms graduated from Adelphi University in 1989 with a Bachelor of Business Administration in Accounting, magna cum laude. He is a member of the American Institute of Certified Public Accountants, the National Association of Real Estate Investment Trusts, and represents Almanac with respect to the National Council of Real Estate Investment Fiduciaries. He is a Certified Public Accountant, licensed in the state of New York.

Ms. Cattaneo serves as Almanac’s General Counsel. Prior to joining Almanac in 2021, Ms. Cattaneo was the Global Head of Legal for J.P. Morgan Asset Management’s Alternatives businesses. Prior to that, she held various senior legal roles at J.P. Morgan Asset Management providing counsel to their institutional and alternatives businesses. Ms. Cattaneo began her career at Cadwalader, Wickersham & Taft where she was an Associate in the Investment Management Practice group. Ms. Cattaneo graduated from Buenos Aires University School of Law in 1995 and received an LL.M. in Banking, Corporate and Finance Law from Fordham University School of Law in 1999. Ms. Cattaneo is admitted to the New York State Bar.

Madeline Wick is a Managing Director of Neuberger Berman. Ms. Wick is a member of Almanac’s investment team and is responsible for investment origination, analysis, underwriting, structuring, transaction execution, and ongoing management of the investments of the ARS Funds. She currently sits on the board of Merritt Properties, ACRE and Klein Enterprises. Prior to joining Almanac in 2013, she was an Analyst in the Industrials Investment Banking Group at Macquarie Capital. Ms. Wick graduated from The University of Notre Dame in May 2010 with a Bachelor of Arts in the Program of Liberal Studies and Economics, received a Master of Science in Commerce from the University of Virginia in August 2011 and a Masters in Finance from Claremont McKenna College in May 2012.

Mr. Wolpert serves as the Portfolio Manager for Almanac Realty Public Securities, L.P, Almanac’s REIT/real estate public securities investment platform. Prior to joining Almanac in 2016, he was a Principal at V3 Capital Management, L.P., a hedge fund focused on value and event-driven investing in real estate securities across the capital structure. He was previously an Analyst at High Rise Capital Management, a $1.5 billion public real estate securities fund, and at two Citi groups: Citi Global Transaction Services and Real Estate & Lodging Investment Banking Group. Mr. Wolpert graduated from Washington University in St. Louis in May 2005 with a Bachelor of Science in Business Administration and is a CFA Charterholder.

Matthew Marshall is a Senior Vice President on Almanac’s investment team and is responsible for investment origination, analysis, underwriting, structuring, transaction execution, and ongoing management of the investments of the ARS Funds. Prior to joining Almanac in 2015, he was an Analyst in the Real Estate & Lodging Investment Banking group at J.P. Morgan. He graduated Cum Laude from the University of Texas at Austin in 2012 with a Bachelor of Business Administration in Finance.

Mr. Peters is a member of Almanac’s investment team and is responsible for conducting operational due diligence on behalf of Almanac for potential investee companies and interfacing with Almanac portfolio companies. Mr. Peters possesses more than 28 years of commercial real estate financial and operational experience. Prior to joining Almanac in 2007, Mr. Peters held the position of Executive Vice President of Asset Management for Combined Properties, Inc. Prior to that, he was the Chief Financial Officer and Chief Operating Officer of Charter Oak Group, Ltd., a subsidiary of Rothschild Realty Inc. and the Chief Financial Officer of Charter Oak Group, concurrently. Mr. Peters previously served as a director of Slate Asset Management and National RV Communities. Mr. Peters graduated from the University of Wisconsin in 1982 with a Bachelor of Business Administration and is a Certified Public Accountant.

Mr. Salisbury serves as the Director of Research for Almanac’s ARPS Fund. Prior to joining Almanac in 2018, he was an Analyst at Citadel LLC, where he managed a global real estate equity portfolio in the Surveyor Capital Program. Before his time at Citadel LLC, Mr. Salisbury was an Analyst at V3 Capital Management LP, a hedge fund focused on value and event-driven investing in real estate securities across the capital structure. He was previously employed as an Analyst at UBS Investment Bank in the Equity Research Department, responsible for publishing research reports on public real estate companies in the US and Canada. Additionally, he was an Analyst at both Bank of America Merrill Lynch and Citi in their Equity Research Departments. Mr. Salisbury graduated from Duke University in May 2004 with a Bachelor of Arts in Philosophy and is a CFA Charterholder.

Mr. Burke is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis, valuation, and transaction execution for the ARS Funds. Prior to joining Almanac 2018, he was an analyst in the Industrials M&A group at Rothschild & Co. Mr. Burke graduated from the McIntire School of Commerce at the University of Virginia in 2016, with a Bachelor of Science in Finance and Economics.

Ms. Eisler spearheads efforts within the Almanac portfolio to drive innovation and implement technologies, making internal processes more efficient and streamlined. Prior to joining Almanac in 2022, she was the VP of Ventures at WAM Equity Partners and made investments in early stage PropTech companies. Before that, she worked as an internal consultant and strategist at IBM. Ms. Eisler graduated from Cornell University in 2013 with a Bachelor of Science in Hospitality and a minor in Marketing.

Mr. Foley is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis, valuation, and transaction execution for the ARS Funds. Prior to joining Almanac in 2019, he was an Associate in the Real Estate Private Equity group at Ares Management. Before that, he was an Analyst in the Real Estate & Lodging Investment Banking group at J.P. Morgan. Mr. Foley graduated from Cornell University in May 2014 with a Bachelor of Arts in Economics and a minor in French.

Ms. Graham is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis, valuation, and transaction execution for the ARS Funds. Prior to joining Almanac in 2019, she was an Associate in the Investment Banking group at Morgan Stanley. Ms. Graham graduated cum laude from the Wharton School at the University of Pennsylvania in 2013 and received an MBA from MIT Sloan in 2017.

Mr. Williams is a member of Almanac’s investment team and is responsible for conducting investment analysis, underwriting, structuring, transaction execution, and ongoing management of the investments of the ARS Funds. Prior to joining Almanac in 2021, he was an Investment Associate at Rialto Capital Management. Before that he was an Associate in the Morgan Stanley Commercial Real Estate Group. Mr. Williams graduated from Dartmouth College in 2011 with a Bachelor of Arts in Economics.

Ms. Liang is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis, valuation and transaction execution for the ARS Funds. Prior to joining Almanac in 2021, she was an associate in the Media & Telecommunications Investment Banking group at Citi. Ms. Liang graduated from Northwestern University in 2018 with a Bachelor of Arts in Economics.

Ms. Gadelmawla is a member of Almanac’s investment team and is responsible for coordinating ESG strategy and initiatives internally, across the investment portfolio, and in client and industry engagements. Ms. Gadelmawla is a member of the Pension Real Estate Association’s Governance Committee. Ms. Gadelmawla was previously a Senior Paralegal at Almanac. Prior to joining Almanac in 2019, she was an Analyst at Raith Capital Partners. Ms. Gadelmawla graduated Phi Beta Kappa from Drew University in 2018 with a Bachelor of Arts in Political Science.

Mr. Ruder-Sanchez is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis, valuation and transaction execution for the ARS Funds. Prior to joining Almanac in 2021, he was an analyst in the CRE Special Situations group at J.P. Morgan. Mr. Ruder-Sanchez graduated from the University of Chicago in 2019 with a BA in Economics.

Mr. Hurowitz is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis and valuation for the ARS Funds. Mr. Hurowitz graduated magna cum laude from the SC Johnson College of Business at Cornell University in May 2021 with a Bachelor of Science in Applied Economics and Management with a concentration in Finance and a minor in Real Estate.

Ms. Sainani is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis and valuation for the ARS funds. Ms. Sainani graduated from Claremont McKenna College in May 2022 with a Bachelor of Arts in Economics (honors) and Public Policy.

Mr. Soto is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis and valuation for the ARS Funds. Mr. Soto graduated from New York University in May 2021 with a Bachelor of Arts in International Relations and a minor in History.

Mr. Tower is a member of Almanac’s investment team and is responsible for conducting securities and sector analysis and valuation for the ARS Funds. Mr. Tower graduated from the University of Virginia in May 2022 with a Bachelor of Arts in Economics and minors in Leadership and French.

Mr. Batinovich joined Almanac as a Senior Advisor in 2017 and is responsible for representing Almanac on the board of PREP Property Holdings, L3 Capital and Davlyn Investments. He currently serves as Chief Executive Officer of Glenborough, LLC, a private real estate investment and management company. He serves as a Director of Sunstone Hotel Investors (NYSE:SHO) and as Chief Executive Officer and Director of Strategic Realty Trust (SRT), a public non-traded REIT. He is a member of the various trade associations. He also serves as a trustee of The American University of Paris. Mr. Batinovich earned a BA in International Business Administration from The American University of Paris.

Ms. Kane joined Almanac as a Senior Advisor in 2021 and will serve on the board of directors or advise certain portfolio companies in the ARS Funds. Most recently, Ms. Kane was CEO of Colliers International-Minneapolis/St. Paul, the Minnesota business unit of Colliers International Group Inc. (Nasdaq:CIGI) (TSX:CIGI). Prior to her role at Colliers, Ms. Kane was CEO of Welsh Companies, a full-service commercial real estate services firm operating throughout Minnesota and previously an ARS V portfolio company. Ms. Kane currently serves on the board of JE Dunn Construction, a privately held construction services firm, where she is also a member of the Audit and Governance committees. Ms. Kane also serves on the board of Children’s Minnesota Hospital & Clinics in which she chairs the Governance Committee and is a member of the Compensation Committee. Ms. Kane previously served as Board Chair for National NAIOP and currently serves as a Trustee and Vice Chair of the NAIOP Research Foundation.

Mr. Wadsworth joined Almanac as a Senior Advisor in 2012 and is responsible for representing Almanac on the boards of HRIP Holdings and McNeill Hotel Investors. He has previously represented Almanac on the board of Mount Auburn and Nolan Real Estate Services. He served for 16 years as Chief Financial Officer for Mid-America Apartment Communities, a Real Estate Investment Trust with multifamily investments across the U.S. Sunbelt. Upon retirement as CFO, he served as Special Advisor to the Chairman; he was a Director of the company during his entire tenure there. He is the author of “REIT Cash is King,” which focuses on investing in REIT Preferred Securities. Mr. Wadsworth serves as a principal at SS+D Financial, a financial planning company. He received a Bachelor’s Degree from Cambridge University in England in 1968 and an MBA from Harvard Graduate School of Business Administration in 1973.

Mr. Sacchetti is responsible for managing the Almanac accounting team. In that regard, he is responsible for ensuring the accuracy and integrity of the financial and investor reporting function, including oversight of: the preparation and issuance of quarterly financial statements and investor reports; the calculation of performance returns; investor communication; and the management of subscription credit facilities. Mr. Sacchetti also provides support to the tax compliance process, and he serves as an active liaison with investment teams related to the valuation process. Prior to joining Almanac in 2012, he was employed by The Hampshire Companies, where he served as a Fund Controller related to real estate investment funds. Mr. Sacchetti was previously employed by Lazard, as an Accounting Manager, where he was responsible for a series of real estate private equity funds. Mr. Sacchetti graduated from the University of Notre Dame in 2002 with a Bachelor of Science degree in Accounting. He is a member of the American Institute of Certified Public Accountants and the National Association of Real Estate Investment Trusts. He is a Certified Public Accountant, licensed in the state of New York.

Mr. Gross is responsible for the Treasury Management processes of Almanac, including issuance of daily cash reports. He is also responsible for financial statement footnote disclosure, monitoring portfolio company reporting, and for providing guidance to portfolio companies regarding their reporting responsibilities to Almanac. Mr. Gross works closely the Senior Accountant team, and he supports the Controller related to the review and quality control aspects of the investor reporting process. Prior to joining Almanac in 2019, he was employed by Citco Fund Services, where he served as a Senior Vice President and provided accounting and financial reporting services to real estate and private equity funds. Mr. Gross was previously employed by Ranieri Real Estate Partners L.P. as Controller, and prior to that, was employed by Lazard, where he served in various roles, most recently, as the Controller of a series of real estate private equity funds. Mr. Gross graduated from the University at Albany with a Bachelor of Science degree in Accounting in 1989, and received a Master of Business Administration – Taxation from Hofstra University in 1993. He is a Certified Public Accountant, licensed in the state of New York.

Ms. Matfess is responsible for managing the tax compliance functions of the Almanac entities, including overseeing the REIT compliance program, and performing tax research. Ms. Matfess works closely with finance team leadership to provide support to the investment teams related to tax structure, she is responsible for managing the external tax service providers, and she oversees the tax reporting process from the fund’s portfolio companies. Prior to joining Almanac in 2019, she was employed by Ernst & Young LLP, where she served as a Tax Senior with a concentrated focus on the real estate sector, including private and public REITs and real estate investment funds. Ms. Matfess graduated from Syracuse University in 2014 with a Bachelor of Science in Accounting and Finance, summa cum laude, and a Master of Science in Accounting.

Mr. Parente, as part of Almanac’s accounting team, is responsible for preparing the account analysis supporting the quarterly financial reports issued to investors, the preparation of capital statements, and the calculation of performance returns. Mr. Parente is also responsible for accounting for the activity of the public securities investment funds, including monitoring trade compliance, capturing trading activity, and ensuring daily reconciliation between prime brokers and the fund administrator. Mr. Parente joined Almanac upon graduation from Rider University in 2015, where he received a Bachelor of Science in Finance, magna cum laude.

Mr. Nguyen, as part of Almanac’s finance and accounting group, is responsible for financial reporting processes for certain of the Almanac Funds, including investor statements. Mr. Nguyen also shares responsibilities for performance measurement, treasury, investor capital management. Prior to joining NB Almanac Team, Mr. Nguyen was employed by Ernst & Young LLP, most recently serving as an Audit Senior, focused on Investment and Private Equity Funds. Mr. Nguyen graduated from Fairfield University with a Bachelor of Science in Accounting in 2017, and a Master of Science in Accounting in 2018.

Mr. Marinaccio, as part of Almanac’s accounting team, is responsible for preparing the account analysis supporting the quarterly financial reports issued to investors and the preparation of investor capital statements. Mr. Marinaccio also supports the treasury function, including subscription credit facilities, and the investor capital management processes. Prior to joining Almanac in 2021, Mr. Marinaccio was employed by Ernst & Young LLP, where he served in the Assurance practice, with a focus on a variety of industries. Mr. Marinaccio graduated from the Gabelli School of Business at Fordham University, with a Bachelor of Science in Applied Accounting in 2018, and a Master of Science in Accounting in 2019. Mr. Marinaccio is a Certified Public Accountant, licensed in the State of New York.

Mr. Oshinaya is a member of the NB Almanac Finance team and is primarily responsible for supporting the accounting and treasury management functions of the Almanac Funds, including reconciliation of daily cash and trading positions. Mr. Oshinaya graduated from York College with a Bachelor’s degree in Accounting in May 2021.

Mr. Reiter is responsible for supporting Almanac’s capital raising and investor relations activities. Prior to joining Almanac in 2019, he was an Analyst on the Fund Investment team at Hamilton Lane. He graduated from Tulane University in 2016 with a major in Finance and a minor in Marketing.

Ms. Marra is responsible for supporting Almanac’s capital raising and investor relations activities. Prior to joining Almanac in 2022, she was a Product Executive on the Securitized Products & Asset-Based Finance Team at Schroders Capital. Before her time at Schroders, she was a Senior Fixed Income Consultant at FactSet Research Systems. Ms. Marra graduated from the University of South Carolina in 2017 with a Bachelor of Science in Finance and a Bachelor of Science in Marketing.

Ms. Ciamei is responsible for assisting Almanac’s General Counsel in its legal matters. Prior to joining Almanac in 2022, she was a Senior Contract Specialist supporting the legal team at MetLife Investment Management. Ms. Ciamei graduated from Montclair State University in 2002 with a Bachelor of Arts in Political Science.

Laura joined Almanac in 2014 and serves as executive assistant to four Managing Directors on the investment team. She is a seasoned executive assistant with over 25 years of experience in the field providing administrative support to senior management teams.

Marilou joined Almanac in 1997 and serves as executive assistant to one Managing Director and the Chief Financial Officer. She provides administrative support to senior management and investment teams. She also coordinates with several portfolio company boards. Ms. Reventar graduated from University of the Philippines in 1978 with a BS in statistics.