Sherman Associates

Real EstateMinnesota, United States201-500 Employees

Sherman Associates is a Minneapolis-based real estate company that develops, owns, and operates a diversified portfolio of commercial and multifamily assets across the Midwest, Colorado, and Florida. The firm emphasizes sustainable development and long-term community building, collaborating with cities and public, private, and nonprofit partners to revitalize neighborhoods. It has developed more than 13,000 multifamily units and currently owns and manages over 7,500 rental units, including both affordable and market-rate housing, with commercial holdings exceeding 1 million square feet. The asset mix includes five hotels, four Starbucks stores, three restaurants, and two solar gardens, reflecting a diversified portfolio of residential, commercial, and hospitality properties. The company employs 201-500 people and, in 2025, made leadership changes including the appointment of Mary Jo Kelly as Manager of Commercial Leasing and Business Development.

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