Business Details
47 Years
experience
Your Trusted Partner for Real Estate Development Solutions
Founded in 1979, Sherman Associates has established itself as a national leader in real estate development and property management. Our 40+ years of experience in residential, commercial, and hospitality sectors have allowed us to revitalize urban neighborhoods and create thriving communities across the Midwest. We approach every project with three core principles: meeting community needs, implementing innovative solutions, and utilizing appropriate financing options. As a long-term owner-developer, we maintain full investment in every project from conception through completion. Our expertise extends to complex financing tools, sustainable building practices including LEED certification, and creating mixed-use developments that serve diverse populations.With over 12,000 residential units and 770,000 square feet of commercial space developed, we combine national capabilities with local market understanding. Our team of experienced professionals brings specialized knowledge in historic preservation, urban infill projects, and affordable housing solutions. We maintain complete LEED capabilities and prioritize environmentally responsible practices across all developments. Our commitment to quality is demonstrated through responsive property management, smart technology integration, and continuous improvement initiatives that benefit both residents and businesses.
Services
Apartment Development
Commercial Property Management
Sustainable Building
Hotel Development
Affordable Housing
Details
- Year established: 1979
Highlights and features
- We've completed over $4 billion in real estate development projects since 1979
- Our team maintains LEED certification capabilities for sustainable building projects
- We specialize in complex financing tools for mixed-use community developments
- We've developed 12,000+ residential units with a focus on quality living spaces
- Our urban infill expertise transforms underutilized city spaces into vibrant communities
Associations and certifications
- LEED Silver
- Passive House
Services
Apartment Development
We develop high-quality apartment communities that enhance urban living experiences. Our properties feature modern amenities, energy-efficient designs, and prime locations in thriving neighborhoods. With over 12,000 residential units completed, we create living spaces that meet diverse needs while maintaining long-term value through responsible property management.
Commercial Property Management
Our commercial property solutions provide businesses with optimal work environments. We develop and manage office buildings, retail centers, and industrial spaces with prime locations and efficient designs. Our properties feature high traffic visibility, multi-use facilities, and quality construction that minimizes maintenance costs while maximizing operational efficiency for tenants.
Sustainable Building Projects
We integrate environmentally responsible practices into all our developments. Our LEED-certified projects feature solar energy systems, energy-efficient designs, and sustainable materials. We prioritize historic building reuse and transit-oriented developments that reduce environmental impact while creating functional spaces that serve community needs.
Hotel and Retail Development
Our hospitality division creates premier hotel and retail destinations in major metropolitan areas. We develop branded hotels, boutique properties, and mixed-use retail spaces that attract visitors and support local economies. Our portfolio includes Canopy by Hilton Minneapolis Mill District and Aloft Minneapolis properties that combine modern design with strategic urban locations.
Affordable Housing Development
We specialize in creating quality affordable housing solutions for diverse populations. Our developments include income-restricted units, senior housing, and mixed-income communities. We utilize complex financing tools and community partnerships to deliver stable, well-maintained living spaces that promote economic diversity and neighborhood revitalization.
People
George Sherman
Chief Executive Officer
George Sherman founded Sherman Associates in 1979 and has guided its growth into a national development firm. He brings decades of real estate expertise and a vision for creating sustainable, community-focused developments that transform urban landscapes.
Chris Sherman
President
Chris Sherman serves as President, overseeing daily operations and strategic direction. With extensive experience in real estate development, he focuses on expanding the company's portfolio while maintaining its commitment to quality and community impact.
Richard Kiemen
Chief Operations Officer
Richard Kiemen manages operational strategy for Sherman Associates. He ensures efficient project execution across all development sectors while maintaining the company's standards for quality construction and long-term property management excellence.
Janelle Hielscher
Senior Vice President of Corporate Compliance
Janelle Hielscher leads corporate compliance initiatives. She ensures all developments meet regulatory standards while maintaining the company's commitment to ethical practices and community-focused development principles.
Matthew Haggerty
Senior Vice President of Asset Management
Matthew Haggerty oversees asset management strategies. He focuses on maximizing property value through responsible stewardship and innovative management approaches that benefit both residents and investors.
Questions
What types of properties does Sherman Associates develop?
We develop residential apartments, commercial spaces, hotels, and mixed-use properties. Our portfolio includes market-rate and affordable housing, office buildings, retail centers, and hospitality venues across the Midwest.
How long has Sherman Associates been in business?
Sherman Associates has been developing quality real estate projects since 1979. We celebrate over 40 years of transforming urban landscapes and creating sustainable communities through innovative development practices.
What sustainability practices do you implement?
We incorporate LEED certification standards, solar energy systems, and energy-efficient designs. Our developments prioritize historic preservation, transit-oriented locations, and environmentally responsible construction methods to minimize ecological impact.
Do you offer affordable housing options?
Yes, we specialize in affordable housing solutions including income-restricted units and mixed-income developments. We utilize complex financing tools to create stable, quality living spaces for diverse populations across our markets.
How do you approach community development?
We focus on three principles: meeting community needs, innovative solutions, and proper financing. Our mixed-use developments integrate residential, commercial, and public spaces to create vibrant, sustainable neighborhoods that benefit local economies.
What financing options are available for developments?
We utilize diverse financing tools including tax credits, public-private partnerships, and self-financing models. Our expertise in complex financial structures allows us to create viable projects that meet community needs while ensuring long-term sustainability.
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