Neuberger Arm Commits $320 Million to Asia Capital Real Estate

Bloomberg Quint | Jan 19, 2021 at 7:15 PM
  • Almanac Realty Investors, an arm of Neuberger Berman, has committed $320 million to Asia Capital Real Estate, a private equity firm focused on workforce housing.
  • ACRE, which manages more than $1.8 billion, has more than 20,000 apartments in its portfolio.
  • Almanac will own a minority stake in ACRE and anchor its fourth equity fund.