Minneapolis/St. Paul Business Journal: Largest Real Estate Developers in the Twin Cities, 2026

Sherman Associates’ steadfast, long‑term approach to development continues to gain momentum. In 2026, the firm was named the #10 Largest Real Estate Developer in the Twin Cities by the Minneapolis/St. Paul Business Journal, a recognition that reflects both the scale and consistency of its work across the region.

Over a three‑year period from 2023 to 2025, Sherman broke ground on 1.2 million square feet of development in the metro, advancing projects that span residential, mixed‑use, and experiential spaces. From Beltline Station developments to Mill District Event Spaces, Landmark Tower, and Groove Lofts at Northstar Center, these projects represent a continued investment in connectivity, adaptive reuse, historic preservation, and urban vitality throughout the Twin Cities.

That momentum is grounded in a long‑term ownership mindset. As a developer, owner, and operator, Sherman Associates has built a multifamily portfolio nearing 7,500 units, with approximately 5,300 units located in the Twin Cities. The company’s growth remains active, with roughly 950 units currently in lease‑up across the Twin Cities and Des Moines, signaling both sustained demand and a robust development pipeline.

This latest ranking underscores Sherman’s role as a consistent and trusted force in shaping the region’s built environment and it reflects years of disciplined growth, innovative design, and an enduring commitment to the communities Sherman helps create.

View the list here: https://www.bizjournals.com/twincities/subscriber-only/2026/01/09/largest-real-estate-developers-in-the-twin-cities-2026.html