A division of Benj. E. Sherman & Sons Inc.
Est. 1922

Family Owned for Three Generations

We continue to pursue our goal of being the best owner and operator of multifamily properties in the United States. Read more.

Acquisitions

Sherman Residential Current Multifamily Acquisition Criteria

Sherman Residential is a real estate, private equity fund located outside of Chicago, IL. We acquire existing multifamily apartment communities in designated markets throughout the United States that meet the following criteria:

Property Description

  • Garden-style and mid-rise apartment complexes
  • 100 units minimum, built after 2000
  • Attractive grounds, comprehensive amenity package, and good unit mix
  • Strong locations in highly sought-after markets

Geographical Location

  • Huntsville, Alabama
  • Colorado Springs, Colorado
  • Atlanta, Georgia
  • Boise, Idaho
  • Kansas City, Missouri
  • Charlotte, North Carolina
  • Greensboro, North Carolina
  • Raleigh-Durham, North Carolina
  • Greenville, South Carolina
  • Chattanooga, Tennessee
  • Knoxville, Tennessee
  • Nashville, Tennessee
  • Austin, Texas
  • Dallas, Texas
  • San Antonio, Texas
  • Provo, Utah

Pricing

  • At or below comparative replacement cost
  • Anticipated return in the first year of 6% or greater

Submission Requirements

  • Current rent roll
  • YTD financial statements and prior two years (if available)
  • Complete physical description of improvements
  • Site plan, floor plans, amenities, and unit mix
  • Current concessions and concession history
  • Resident profile report

Contact

Garrett Salk & Scott Gould
400 Skokie Blvd, Ste. 200, Northbrook, IL 60062

direct: (847) 374-2723
email: garretts@bes.com and scottg@bes.com

At Sherman Residential, your satisfaction with your home and community is our highest priority. If you have a question, comment or issue that needs to be addressed, use the form below: