Sherman Associates

About Sherman Associates

Sherman Associates is a real estate operator headquartered in Minneapolis, MN. Sherman Associates operates in Chicago, Illinois, Des Moines, Iowa and Kansas City, Missouri-Kansas. Its investment focus is on Affordable Housing, Condominiums and Historic Tax Credits.

​Sherman Associates is a Minneapolis-based real estate development and management firm with over 40 years of experience. The company has developed more than 13,000 multifamily units and currently owns and manages over 7,000 multifamily rental units, encompassing both affordable and market-rate housing. ​ In addition to residential properties, Sherman Associates owns and manages over 720,000 square feet of commercial space, five hotels, four Starbucks locations, three restaurants, and two solar gardens. Their development portfolio includes projects across the Midwest, Colorado, and Florida, focusing on multifamily housing, commercial spaces, and hospitality ventures. ​ Recent projects include the conversion of the historic Northstar Center East in downtown Minneapolis into 216 apartment homes, known as Groove Lofts, demonstrating their commitment to adaptive reuse and urban revitalization. Sherman Associates also serves as the lead housing developer for The Heights in Saint Paul, a $400 million project that will deliver over 1,000 housing units, including workforce market-rate, affordable, and deeply affordable housing.

Principals at Sherman Associates