As Chief Financial Officer, Mr. Sherman oversees the company's financial operations and arranges debt and equity for all of Related's affordable housing transactions. He guides the Related development team in the creation of sophisticated organizational structuring and financing on mixed-income (80/20), mixed-use and multifamily for sale developments, and serves as the company's Risk Manager and Senior Asset Manager, overseeing a portfolio of more than 8,000 units. He is responsible for the strategic refinancing and disposition of portfolio assets, financial reporting and regulatory compliance.
Prior to joining Related California in 2000, Mr. Sherman was Vice President and Chief Financial Officer of Chicago-based LR Development Company LLC, (currently Related Midwest) an affiliate of The Related Companies. Related Midwest is a leading multifamily developer in the Chicago market and one of the leading affordable housing developers in the state of Illinois. He was a Partner in the Chicago accounting practice of Altschuler, Melvoin and Glasser LLP (currently McGladrey-Assurance Tax and Consulting) where he managed a public accounting practice focused on providing high quality tax and consulting services to real estate developers, construction contractors and high-net-worth family groups.
Mr. Sherman holds a bachelor's degree in Accountancy from the University of Illinois, Champaign/Urbana. He is a member of the Urban Land Institute Affordable & Workforce Housing Council (AWHC) and a Board Member of Project Access, a leading provider of vital onsite health, education, and employment services to residents of affordable housing communities.