2006
What started in 2006…
After successfully exiting a previous business venture, Mat transitioned into real estate in 2006, focusing on single-family affordable housing—a sector where he continues to create long-term value and impact.
2014
Time to go full-time
From 2006 to 2014, Mat amassed a portfolio exceeding 300 residential units while completing successful exits from two prior ventures. Leveraging this momentum, he transitioned full-time into real estate, founding TSG Partners Inc. as the foundation for his future growth initiatives.
2015
First fund fully subscribed
Following the launch of his firm, Mat closed Fund I with commitments from friends and family, targeting value-add multifamily acquisitions. The $5 million fund enabled the acquisition of approximately $20 million in multifamily assets, setting the stage for future institutional growth.
2018
Time to scale
From 2015 through 2018, Mat accelerated the firm’s growth—focusing on friends and family and personal wealth to acquire value-add multifamily assets. In just a few short years, Mat was able to aggressively grow the portfolio with a focus on multifamily real estate..
2018-2020
Operational Efficiencies & Growth Internally
From 2018 through 2020, Mat shifted his focus toward strengthening operations and driving efficiency across his growing portfolio. He launched Cutwater Living, bringing property management under his direct oversight—streamlining operations, cutting costs, and improving performance. As the firm evolved, he rebranded it as SIMM Capital, signaling the next stage of growth and the launch of Fund IV. But just as momentum was building, the world changed—COVID hit, and so did a new era of adaptation and strategy.
2020-2022
The time of Covid
When COVID-19 reshaped the world, Mat saw what others overlooked—a chance to lead where the need was greatest. As affordability challenges deepened nationwide, he steered SIMM Capital toward a clear mission: invest where impact and performance intersect.
The firm doubled down on affordable and workforce housing, building new partnerships, launching a specialized fund, and expanding its operational footprint to meet surging demand. What began as a small fund among friends and family has now evolved into a national platform tackling one of America’s biggest challenges—housing affordability—with purpose and precision.
2022-2025
Growth continues…
As investor confidence grew, so did the vision. What began as a modest raise quickly expanded into a $50 million fund targeting a $125 million affordable housing portfolio. At the same time, Mat saw a chance to capitalize on pandemic-driven distress—launching a new multifamily fund to acquire undervalued assets across key markets.
2025 – …
Looking forward.
As we look ahead, SIMM Capital is focused on advancing its Diversified Real Estate Cash Flow Fund through a disciplined capital allocation strategy across multiple real estate asset classes.
Rather than relying on a single operating model, the Fund partners with best-in-class operators to access a broad range of opportunities, including income-producing assets, value-add investments, development projects, real estate credit, and structured equity investments.
This approach allows us to expand our opportunity set while maintaining a strong emphasis on risk-adjusted returns, capital efficiency, and portfolio diversification.
Guided by long-term discipline and strategic allocation, our focus remains on delivering consistent performance while positioning the Fund to adapt across market cycles and capitalize on evolving real estate opportunities.