Announces Matt Matteson as Vice President
NEW YORK – March 9, 2015 – RAM Real Estate Capital, LLC, ("RAM"), a real estate investment firm focused on equity investments in residential land development and home construction joint ventures, today announced the closing of its first transaction and the hire of Matt Matteson as vice president. Matteson joins RAM from Toll Brothers where he was an Assistant Vice President.
RAM’s first investment represents a multimillion dollar commitment to develop and subsequently construct a residential townhome community in Atlanta with one of the region’s finest homebuilders. The builder partner had outgrown its capital providers, so RAM stepped up to fund their development pipeline.
“We planned and accomplished our goal to close a deal within the first three months of establishing RAM,” RAM CEO and Partner Rodney Montag said. “More significantly, we closed the transaction less than 45 days after the initial underwriting, which is incredibly uncommon.”
RAM Senior Vice President and Partner John Lincoln added, “we have a significant pipeline of potential investments, including two deals currently signed and in due diligence, and we look forward to concluding further deals in the near future. RAM’s rapid growth, driven by the interest among builders and developers, led the firm to bring Matt Matteson aboard. Matt has extensive real estate experience and we look forward to the many contributions we know he will make to the firm.”
“I’m delighted to be joining RAM, with their entrepreneurial spirit, at such an exciting time both for the firm and the real estate industry,” Matteson said. “There’s clear demand for the development of new residential communities in many areas of the country, but obtaining financing is still a challenge for many developers and builders. We forecast playing a major role in funding these projects now and in the years ahead.”
Immediately prior to joining RAM, Matteson worked for Toll Brothers, overseeing two residential communities that totaled over 1,000 units. Previously, he worked for Liberty Street Real Estate Group, a Lehman Brothers affiliate, where he managed a $2.5 billon property value portfolio, and for regional home building firm Brentwood Homes.
Matteson holds a Bachelor of Science in Applied Economics and Management, and a Master of Professional Studies in Real Estate, both from Cornell University.
RAM was founded in December 2014 by Montag and Lincoln, both industry vets. The two worked together at another investment company for the previous three years. RAM was established to take advantage of the slow but steady recovery of the U.S. housing market and to aid homebuilders and developers in achieving their capital growth objectives despite the cash-constrained environment.
About RAM Real Estate Capital, LLC
Founded by Rodney A. Montag and John Lincoln, RAM Real Estate Capital provides equity to homebuilders and residential land developers through joint venture structures. RAM is headquartered in New York and Charlotte with affiliated offices throughout the United States. For more information on RAM, visit www.RamReCapital.com.