Matter Real Estate, a new independent, direct real estate investment firm has been spun out of ESO Capital.

David Christie, who was responsible for ESO Capital’s investment activity in real estate, has been appointed to lead Matter Real Estate, a business focused on value-add and opportunistic real estate across evolving sectors in Northern Europe.

Alex Schmid, the founding partner and CEO of ESO Capital, will continue to be a lead investor in Matter Real Estate through his family office, Black Lion. Schmid will also provide strategic support as Matter Real Estate seeks to build off the success of the first fund and widen its investor base.

Matter Real Estate said the decision to become an independent firm follows a successful period of investing for the ESO Real Estate platform.

Matter Real Estate “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.

“To launch Matter Real Estate as an independent business is a natural evolution for the firm after a strong period of growth, and I would like to thank Alex Schmid for his continued support, Christie said.

To read the digital edition of the latest IPE Real Assets magazine click here.