Alidade Capital Names New Partner; Hires Head of Acquisitions for Net Lease Strategy

BLOOMFIELD HILLS, Mich., July 15, 2025 /PRNewswire/ -- Alidade Capital, LLC ("Alidade Capital" or the "Firm"), a real estate fund manager, is pleased to announce that Matthew Richter has been named a Partner of the Firm. Promoted from Managing Director, Mr. Richter leads Alidade Capital's investor relations efforts, including fundraising, managing investor and consultant relationships, marketing, and assisting with new product development and investor reporting. Matthew joined Alidade Capital in 2013 and has been a key contributor to the Firm's development into an institutional investment platform over the past 12 years. "Matt has earned the trust and confidence of the founding partners and clearly possesses a deep understanding of our business, however, it's his ability to form meaningful, lasting relationships that will be an essential part of the continued growth of our firm," noted Geoff Langdon, Alidade Capital Co-Founder & Managing Partner. Mr. Richter is a Phi Beta Kappa graduate of Michigan State University and holds an MBA from the Ross School of Business at the University of Michigan. He is also an elected Corporate Advisor on the Board of Directors for the Michigan Association of Public Employee Retirement Systems (MAPERS).

Alidade Capital also announced that it has hired Sebastian Smith as its new Head of Acquisitions, Net Lease. Based in Phoenix, AZ, Mr. Smith will lead the origination, evaluation and structuring of net lease investments throughout the United States for Alidade Capital's net lease investment strategy. He has over 16 years of commercial real estate investment experience, the last 11 of which were focused specifically on net lease transactions. Mr. Smith was most recently a Senior Managing Director and Head of West Coast & Midwest Acquisitions at STORE Capital, where he led a team sourcing off-market middle-market sale-leaseback transactions and was a member of the investment committee. In total, he has originated and closed more than $2 billion in middle-market, single-tenant sale-leaseback and build-to-suit investments over the past 9 years. Prior to STORE Capital, Mr. Smith was employed by Noble Properties and is a graduate of the University of Central Florida.

"We are privileged to add a professional like Sebastian Smith to our net lease business. Sebastian is an energetic leader in the net lease space with a proven ability to source and structure single-tenant transactions, which will allow for the growth of Alidade Capital's net lease platform," said George Razook, Portfolio Manager and Head of Alidade Capital's net lease strategy.

Alidade Capital launched its net lease business in 2025 and is in the process of partnering with seed investors. Its initial fund is focusing on investments in single-tenant properties with long-term leases with target returns weighted towards current income. The strategy invests across various transaction profiles in the net lease space, which, in addition to sale-leaseback transactions, will also target build-to-suit and shorter lease-term opportunities with enhanced appreciation potential.

About Alidade Capital, LLC
Alidade Capital is a real estate fund manager and registered investment advisor. Prior to launching its new net lease strategy, Alidade Capital historically focused on value-add real estate investments in select secondary markets with a typical transaction size of $10-$50 million. The Firm was founded in 2010 and as of December 31, 2024, had approximately $551 million in regulatory assets under management. For more information, please visit www.alidadecapital.com.

SOURCE Alidade Capital, LLC