
Neutral
25 W Main Street Suite 500 Madison, WI 11–50 employees 18 principals
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About Neutral
Neutral is a real estate operator headquartered in 25 W Main Street Suite 500 Madison, WI.
Neutral is a multifamily real estate developer founded in January 2020 by Nate Helbach and Matt Frazer, operating from Madison, Wisconsin, with a second office in San Jose, California. As of August 2024, the company is a Certified B Corporation with an overall B Impact score of 86.1. Neutral has completed one project in Madison—Bakers Place, a 206‑unit development, finished in May 2025—and is set to complete 517 W Main St (33 units) and a 353‑unit luxury mass‑timber high‑rise in Milwaukee (The Edison) financed with $133.3 million in construction funding.
Principals at Neutral
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18 principals on file
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