Company Profile
Sherman Associates
Property developer, investor, owner-operator, and manager focusing on multifamily apartments (market-rate and affordable/mixed-income), commercial retail/office, hospitality/hotels, and mixed-use developments. Specializes in revitalizing neighborhoods, historic buildings, urban infill sites, office-to-residential conversions, and public-private partnerships using innovative financing including tax credits.
Key Statistics
As of June 2026, public records show Sherman Associates has $1.2B in total recorded mortgage volume across 75 mortgages, with 40 current property ownerships held through 54 confirmed entities.
Total Mortgage Volume
$907.7M
Current Ownerships
40
Confirmed Entities
54
Associated People
20
Entities (54)
Sherman Associates operates through 54 confirmed holding companies and entities identified from public records.
MN · 2 properties · 7 mortgages
MN · 2 properties · 3 mortgages
MN · 2 properties · 3 mortgages
CO · 1 property · 3 mortgages
MN · 2 properties · 2 mortgages
+49 more entities not shown
People (20)
Key individuals associated with Sherman Associates based on signatures extracted from recorded documents and public filings.
Director of Development · 160 mortgages · 78 properties
Matches dossier's 'Will Anderson — Director of Development' (common nickname variant). Listed as MANAGER on Sherman-affiliated MN entity WACAWBL LLC (likely Wacouta Commons-related, a Sherman property); confirmed via company website and press releases.
Chief Executive Officer · 26 mortgages · 64 properties
Appears on 37 affiliated entities: SHERMAN ASSOCIATES INC (MN), SHERMAN ASSOCIATES DEVELOPMENT LLC (MN), PORTLAND AT THIRD LTD PART (MN), 900 WASHINGTON HOTEL LLC (MN), ST PETE BEACH HOSPITALITY LLC (FL) and 32 more.
Manager · 18 mortgages · 13 properties
Serves as MANAGER on 10 affiliated entities (all "Eames Way" LLCs in MN), representing 71% of his total entities, indicating strong dedication to Sherman Associates' portfolio of multifamily or development properties.
President · 18 mortgages · 15 properties
Matches dossier's 'Chris Sherman — President'. Appears on 3 Sherman-affiliated MN entities (CEDAR RIVERSIDE LTD PARTNE, O2 MINNEAPOLIS LLC, MOMENT CFD HOLDINGS LLC) with perfect affiliation ratio (100%), confirming core executive affiliation.
+16 more people not shown
Properties (40)
| Address | Entity | Status | Consideration |
|---|---|---|---|
| 3120 NORTHDALE BLVD NW, MINNEAPOLIS, MN 55433 | LYRA ACQUISITION LLC | Owns | $16.3M |
| 1942 STIEGER LAKE LN, VICTORIA, MN 55386 | OLIVINE APARTMENTS LLC | Owns | $900k |
| 1940 STIEGER LAKE LN, VICTORIA, MN 55386 | OLIVINE APARTMENTS LLC | Owns | $1.5M |
+128 more not shown
Top Lenders
The following lenders have the most recorded mortgage volume with Sherman Associates entities.
Geography
Sherman Associates has recorded real estate activity in the following states.
FAQ
What does Sherman Associates do?
Property developer, investor, owner-operator, and manager focusing on multifamily apartments (market-rate and affordable/mixed-income), commercial retail/office, hospitality/hotels, and mixed-use developments. Specializes in revitalizing neighborhoods, historic buildings, urban infill sites, office-to-residential conversions, and public-private partnerships using innovative financing including tax credits.
How many entities are associated with Sherman Associates?
Sherman Associates operates through 54 confirmed entities identified from signatures on recorded documents. Key entities include PORTLAND AT THIRD LTD PART, CSNP SWANVILLE LLC, and DULUTH GRAND LLC.
Who are the key people at Sherman Associates?
Public records and filings associate 20 individuals with Sherman Associates. Key people include William Anderson (Director of Development), George Sherman (Chief Executive Officer), and Leo Schmidt (Manager).
How many properties does Sherman Associates own?
Public records show 40 current property ownerships associated with Sherman Associates entities, with $907.7M in total recorded mortgage volume.
Which lenders has Sherman Associates worked with?
Top lending relationships include JLL, TCF Bank, and Great Southern Bank, based on recorded mortgage data.
How is this data collected?
Elementix aggregates data from recorded real estate documents, business filings, and other lawfully available sources. We use AI to extract signatures, identify entity relationships, and connect people to the companies they operate through.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities.
Elementix is not a consumer reporting agency, and this information does not constitute a consumer report. The data may not be used to make decisions about an individual's eligibility for personal credit, consumer housing, employment, insurance, or any other purpose governed by the Fair Credit Reporting Act.
Requests for removal, suppression, or correction of information must be submitted to [email protected]. Elementix reviews such requests only where required by applicable law.