Klein Enterprises has received a capital infusion commitment from Neuberger Berman private real estate investment arm Almanac Realty Investors that could reach $200 million.
The money is to be used to aid Klein in continuing its strategic expansion on the East Coast, most heavily in the Mid-Atlantic Region through acquisitions and development of multifamily, self-storage, industrial, flex/office, and retail assets.
Almanac, acquired by Neuberger Berman a year ago in January, has committed more than $6.1 billion in capital to 46 real estate companies, both public and private, throughout North America.
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