Almanac Realty Investors, a business unit of Neuberger, has committed up to $300 million of growth capital to SparrowHawk, a private real estate company founded in 2011 by Alfredo Gutierrez and headquartered in Houston, focused on the acquisition and management of institutional-quality industrial assets located throughout the Midwest.

SparrowHawk currently owns and operates 16 properties, comprised of more than 2.8 million square feet across St. Louis, Kansas City, and Chicago. The new round of growth capital will be used to accelerate SparrowHawk’s proven strategy of acquiring high-quality industrial properties in primary and secondary Midwest markets with proximity to robust transportation infrastructure.

SparrowHawk CEO, Alfredo Gutierrez, said, “At SparrowHawk, we believe true success is built with partners who share your values, your vision, and your drive. Our partnership with Almanac reflects that alignment—uniting not just capital, but character, trust, and shared ambition. Together, we enter this next chapter with sharper focus, deeper capabilities, and a collective commitment to delivering meaningful, long-term value for our investors.”

Ackman-Ziff Real Estate Group LLC was exclusive advisor to SparrowHawk on the transaction and was managed by Adam Steinberg, co-head of equity practice.