Dermody Properties, a prominent private equity investment management firm specializing in national logistics real estate, announced a strategic minority investment agreement with Almanac Realty Investors LLC, the real estate arm of Neuberger Berman. This move marks Almanac’s third minority GP stakes investment in support of Dermody’s continued growth. This investment is designed to provide additional resources to Dermody Properties without affecting its day-to-day operations or decision-making processes. Michael C. Dermody, Executive Chairman of Dermody Properties, highlighted the potential of Almanac’s permanent capital and extensive real estate expertise to bolster the company’s growth. Andrew Silberstein, Managing Director at Almanac, expressed excitement over partnering with Dermody Properties, acknowledging the firm’s strong track record in developing and managing high-quality logistics properties. Legal counsels for the deal included Fried, Frank, Harris, Shriver & Jacobson LLP for Almanac and Kirkland & Ellis LLP for Dermody Properties, with Berkshire Global Advisors advising Dermody on the transaction.

Real Estate, Private Equity, Logistics,United States, North America

https://www.almanacrealty.com/press-releases/dermody-properties-and-almanac-realty-investors-announce-strategic-minority-investment