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.


Sherman Residential 2021 Multifamily Acquisition Criteria

Sherman Residential is a Real Estate private equity fund located outside of Chicago, IL, that focuses on multifamily apartments. Our objective is to acquire existing multifamily apartment communities in designated markets throughout the United States.  The following information outlines our current general criteria:

Property Description

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

Geographical Location

  • Phoenix, Arizona
  • Tampa, Florida
  • Jacksonville, Florida
  • Atlanta, Georgia
  • Kansas City, Missouri
  • Charlotte, North Carolina
  • Raleigh-Durham, North Carolina
  • Greenville, South Carolina 
  • Chattanooga, Tennessee
  • Nashville, Tennessee
  • Austin, Texas
  • Dallas, Texas
  • San Antonio, Texas


  • 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
  • Complete color photos – aerial if possible
  • Market data on comparable rental properties and recent sales
  • Current concessions and concession history
  • Resident profile report


Mr. Scott Gould & Mr. Garrett Salk
Sherman Residential Direct: (847) 374-2723
email: scottg@bes.com and garretts@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: