Greenbacker Capital Management (GCM) has announced the addition of Evan Sherman as Head of Real Estate Acquisitions, strengthening its real estate investments team. Sherman’s appointment enhances GCM’s fourth sustainability-driven investment strategy, focusing on acquiring undervalued real estate for distributed generation, storage, and EV charging infrastructure.
Sherman, along with former Blackstone colleague David Zackowitz, leads GCM’s sustainable real estate business, targeting opportunities in resilient power generation amidst decarbonization efforts driving electrification in real estate and transportation sectors.
Zackowitz emphasized Sherman’s extensive experience in real estate transactions, complementing GCM’s renewable power expertise. He highlighted the critical role of real estate with access to power infrastructure in the energy transition, foreseeing significant investment opportunities in Energy Transition Real Estate.
Sherman, with 15 years of institutional real estate investment experience, expressed enthusiasm about GCM’s unique approach to driving the energy transition within the real estate industry.
In addition to Sherman’s appointment, Mandy Yang joins as Assistant Vice President of Acquisitions, focusing on real estate opportunities aligned with GCM’s strategy. Yang brings experience from the infrastructure investments team, having acquired renewable assets and closed significant project financings.
GCM’s real estate strategy aims to acquire logistics and industrial assets for electrification, including battery storage, EV charging infrastructure, and solar power. This aligns with the global push for electrification, supported by government incentives and regulatory efforts.
The convergence of clean energy initiatives and regulatory tailwinds presents a compelling market opportunity for energy transition-focused investment managers like Greenbacker Capital Management.
