# Neumann Capital Management

Neumann Capital Management is a RIA.

## Overview

- **Organization type:** RIA
- **Assets under management:** Undisclosed
- **Website:** https://neumann.com

## Regulatory record

- **CRD number:** 112182
- **SEC file number:** 801-41001
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-11T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/112182

## About

NEUMANN CAPITAL MANAGEMENT is an SEC-registered investment adviser in FOSTER CITY, CA, since 1992. The firm manages approximately $630 million in assets. It has 4 employees and 4 investment advisers.

## Sectors

- Real Estate
- PropTech
- ClimateTech
- Consumer

## People

- Adam Neumann — Founder

## Questions

### What is Neumann Capital Management's real estate strategy?

The office aggregates large portfolios of multifamily residential units in US Sun Belt markets including Miami, Fort Lauderdale, Atlanta, and Nashville. The thesis centers on owning thousands of apartment units in high-growth cities, with operational overlays — tech-enabled amenities, community programming — that echo the WeWork playbook applied to living spaces. The Wall Street Journal reported the aggregate property value exceeding $1 billion as of 2022.

### Does Neumann Capital Management make venture investments?

Yes, the office has deployed capital into early-stage and growth companies, particularly at the intersection of climate and technology. Known investments include Flowcarbon, a blockchain-based carbon-credit marketplace co-founded by former WeWork executive Dana Gibber, and a direct-air-capture startup backed in 2023. The venture portfolio skews toward Neumann's personal climate interests and relationships from his WeWork network.

### What investment stages does the firm typically target?

The portfolio spans venture-stage equity in startups, direct real estate acquisition and repositioning, and operating-company incubation. In venture, checks appear concentrated at Seed and Series A stages, often alongside Neumann's broader climate-tech and proptech thesis. Real estate targets existing multifamily assets for long-term hold with operational improvement.

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- [H. L. Lichstrahl & Company](https://altss.com/profile/h-l-lichstrahl-and-company-llc)
- [SS&H Financial Advisors](https://altss.com/profile/ssandh-financial-advisors-inc)

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Last updated: 2026-08-10T23:49:37.812Z

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