Alidade Capital Expands Its Leadership with Key Appointments in Net Lease Strategy

Alidade Capital Expands Leadership in Net Lease Investments

Alidade Capital, a prominent player in real estate fund management, has made significant strides in its leadership team to bolster its net lease strategy. On July 15, 2025, the firm proudly announced the promotion of Matthew Richter to Partner and the strategic hiring of Sebastian Smith as the Head of Acquisitions for its net lease segment.

Matthew Richter's Ascendancy

Matthew Richter's promotion comes after over a decade of outstanding service at Alidade Capital, where he first began his career in 2013. His new role as Partner emphasizes his central role in investor relations, including fundraising, managing connections with investors and consultants, along with marketing and product development initiatives.

Geoff Langdon, Co-Founder and Managing Partner of Alidade Capital, praised Richter's deep understanding of the firm's operations and his talent for building meaningful relationships that are crucial for its growth. Richter's journey is marked by his academic achievements, being a Phi Beta Kappa graduate from Michigan State University and obtaining his MBA from the University of Michigan's Ross School of Business. Moreover, he serves as a Corporate Advisor on the Board of Directors for the Michigan Association of Public Employee Retirement Systems (MAPERS).

Welcome Sebastian Smith

Joining Richter in enhancing Alidade’s investment drive is Sebastian Smith, stationed in Phoenix, Arizona. With an impressive track record of over 16 years in commercial real estate investment, Smith has a wealth of experience particularly in the net lease sector. Before this appointment, he was a Senior Managing Director at STORE Capital, where he had considerable success leading a team focused on sourcing and structuring middle-market sale-leaseback transactions.

Smith has an impressive portfolio, having successfully originated and closed more than $2 billion worth of these transactions in the last nine years. He holds a degree from the University of Central Florida, which laid the foundation for his extensive expertise in real estate investments.

George Razook, the Portfolio Manager supervising Alidade's net lease strategy, expressed enthusiasm about Smith's addition to the team, emphasizing his energetic leadership and proven ability to navigate and capitalize on the single-tenant transaction space.

Alidade Capital's Expanding Strategy

Alidade Capital's net lease business was officially launched in 2025, with its eyes set on creating a substantial investment portfolio. Currently, the firm is in the process of collaborating with seed investors and introducing its inaugural fund targeted at single-tenant properties under long-term leases. The primary focus is on generating current income while diversifying across various transaction profiles, including sale-leaseback and build-to-suit properties, as well as shorter lease-term investments that are expected to appreciate over time.

Founded in 2010, Alidade Capital has historically concentrated on value-add real estate investments, primarily within select secondary markets, with typical transactions ranging from $10 to $50 million. As of the end of 2024, the firm managed approximately $551 million in regulatory assets, demonstrating its robust growth.

For additional insights and updates from Alidade Capital, please visit www.alidadecapital.com.