Chris Sherman Named President of Sherman Associates
Minneapolis, MN, December, 17, 2020-- Sherman Associates recently announced that Chris Sherman will take leadership role as President of Sherman Associates. Chris Sherman will oversee the leadership team; driving vision, direction, and performance of all Sherman’s interests including the multifamily, commercial, and hospitality assets. Additionally, Chris Sherman will direct mission and strategy for Sherman’s expansion in existing and new markets. George Sherman will serve as Chief Executive Officer.
The announcement acknowledges and affirms Chris Sherman’s role in Sherman’s strengthened portfolio performance and recent expansion in the Minneapolis, Saint Paul, Des Moines and Denver apartment and commercial markets. Prior to his promotion, Chris Sherman served as Sherman’s Senior Vice President of Operations and Capital Markets.
George Sherman’s role as CEO will also focus on new development to further Sherman’s advancement in both new and existing markets. He will also remain committed to Sherman’s efforts to develop community impact projects, market-rate housing, and workforce housing throughout the country. Sherman is currently positioned to develop over 1,000 market-rate multifamily units and 500 workforce housing units annually and is seeking value-add and historical renovation acquisition opportunities.
Chris Sherman officially joined Sherman’s development team in 2008 and was a critical lead in the re-syndication of Riverside Plaza which led to the +$65 million historical renovation of the iconic Minneapolis property. He then fronted several of Sherman’s new developments and historical renovations in Des Moines and Saint Paul. He transitioned to Sherman’s operating and asset management team in 2012. Since then, Chris Sherman has served as a key leader in Sherman’s financing strategy and operations for entire portfolio throughout the nation.
Sherman Associates Background:
Sherman Associates is widely acknowledged for its unique ability to Build Communities and Enrich Neighborhoods. Sherman was founded by George Sherman in 1979, and since, has developed over $4 billion in commercial, residential, for-sale and hospitality assets. Sherman Associates is based in Minneapolis and owns and operates a portfolio, for long-term hold, throughout the Midwest, St. Louis, and Denver. Its current portfolio contains over 8,000 housing units, 4 hotels, and nearly 1,000,000 square feet of commercial real estate. In addition, Sherman owns several Starbucks-licensed locations and two solar gardens.