Matter Real Estate is pleased to announce it has spun out of ESO Capital to create an independent, direct real estate investment firm focused on value-add and opportunistic real estate across evolving sectors in Northern Europe.
The team at Matter follows the same proven investment strategy as they did when part of ESO Capital, which is based upon taking an operational approach to helping management teams to aggregate real estate assets and build scaled platforms. It focuses on evolving sectors where there is structural demand, but barriers to large-scale investment, which include, but are not limited to, build-to-rent, single-family residential , affordable housing, senior living, and primary healthcare. By partnering with management teams as co-owners and providing them with everything they need to grow to scale, Matter helps to meet this unmet demand and unlock value.
The Matter team is led by 20-year real estate industry veteran David Christie, who has previously held senior roles at prominent real estate investors including ARES, Doughty Hanson, Green Property and latterly ESO Capital. Matter’s team has nearly 200 years of combined real estate experience, with expertise in financing, development and asset management, and deep networks across Europe. This enables Matter to understand the barriers to growth that management teams face and hence serve as more than just a source of capital, and provide investors access to proprietary investment opportunities.
The decision to become an independent firm follows a successful period of investing for the ESO Real Estate platform. Matter will be seeking to build from the success off the ESO’s first dedicated real state fund which is now substantially deployed and has delivered returns surpassing underwritten return expectations. Alex Schmid, Founding Partner and CEO of ESO Capital, will continue to be a lead investor in Matter Real Estate through his family office, Black Lion. Alex will also provide strategic support as Matter seeks to build off the success of the first fund and widen its investor base.