Alternative Investing in Public-Private Real Estate

Who We Are

With a focus on affordable, middle income and mixed income housing, Systima invests private credit and private equity in this rapidly growing and specialized real estate asset class. Our investable market is 50% of the entire U.S. multifamily sector, totaling almost 23 million households who are housing cost burdened. Systima believes affordable housing is the largest unrecognized asset class in real estate and in need of private markets innovation.

Systima has a 10-year track record of conservative yet innovative investing, generating opportunistic risk-adjusted returns for our institutional investors.

Icon 1

Systima's investment management business
is built on two competitive advantages:

  • Specialized Manager: Deep sector specialist in the esoteric and fragmented affordable, middle income and mixed income housing market
  • Multi-Strategy Manager: Ability to invest up and down the capital stack to opportunistically enhance returns and mitigate risk
Icon 2

Systima’s business model and firm culture
has resulted in "Market Firsts" including:

  • First synthetic GSE multifamily credit risk transfer
  • First re-securitization of tax-exempt multifamily B Piece Certificates
  • First Freddie Mac Q-Series securitization for non-profit lender

What We Do

Structured Debt

  • First loss B certificates

  • Mezzanine debt and preferred equity

  • Structured produced

Direct Lending

  • New construction

  • Substantial rehabilitation

  • Permanent debt

  • Bridge loans

Private Equity in partnership with best-in-class sponsors

  • New construction

  • Value-add

  • Repositioning

  • Recapitalization

Firm By The Numbers

10+ Years

Track Record

$9+ Billion

Exposure to Structured Credit, Direct Lending

140 000

Total Unit Count

42

States