Thesis DrivenOperator Database

It's how Vendors sell into real estate.

Catalyst signals + product updates. No spam, unsubscribe anytime.

Product
  • Database
  • Signals
  • Directory
  • Investment Themes
  • Markets
  • Operator Types
Company
  • Overview
  • Pricing
Account
  • Sitemap (XML)
© 2023–2026 Thesis Driven. All rights reserved.
TermsPrivacy
Thesis DrivenOperator Database
DashboardSignalsOnboarding
  1. Database
  2. /
  3. Developers
  4. /
  5. Neutral
Neutral logo

Neutral

11–50 employees 6 principals

Visit website Email

Last updated 1mo ago

About Neutral

Neutral is a real estate operator. Neutral operates in Bentonville-Rogers-Fayetteville, Arkansas (Northwest Arkansas), Madison, Wisconsin and Milwaukee, Wisconsin. Its investment focus is on Multifamily - Ground-up.

Neutral is a real estate development company founded in 2020 and headquartered in Madison, with an additional office in San Jose. The company operates as a vertically integrated developer, managing development, design, construction, technology, and sustainability initiatives in-house. Neutral employs approximately 11–50 people and focuses on creating multifamily housing that emphasizes resident health, wellness, and environmental performance. The firm specializes in ground-up multifamily and mixed-use development, with a strong emphasis on mass timber construction, sustainable building materials, and high-performance certifications. Its portfolio includes projects such as Bakers’ Place in Madison, 517 W Main Street in Madison, and the 353-unit Edison tower in Milwaukee, which received $133.3 million in construction financing and is expected to become one of the tallest mass timber residential buildings in the United States.

Principals at Neutral

Principal details are a Pro feature

6 principals on file

Names, titles, verified emails, phone numbers, and LinkedIn for every decision-maker at this firm — unlocked with a Pro membership.

Recent activity at Neutral

No recent signals captured for Neutral yet. Set up a Signals alert to be notified when fund closes, leadership changes, or new developments surface in the trade press.

Neutral's project portfolio

3 projects on file · Multifamily (2), Mixed-Use (1)

Sign up to see Neutral's 3 projects on a map

Every development in this GP's portfolio — location, unit count, square footage, and build status — plotted on an interactive map.

Markets and themes

Markets Neutral operates in

  • Bentonville-Rogers-Fayetteville, Arkansas (Northwest Arkansas)
  • Madison, Wisconsin
  • Milwaukee, Wisconsin

Investment themes at Neutral

  • Multifamily - Ground-up

Capabilities

  • Data-driven
  • Sustainability
  • Technology-forward

Operators similar to Neutral

  • Forward Development Group
    Mid-market tierMilwaukee, WisconsinMadison, WisconsinMultifamily - Ground-up
  • Bender Companies
    Mid-market tierMilwaukee, WisconsinMadison, Wisconsin
  • Three Leaf Partners
    Mid-market tierMilwaukee, WisconsinMultifamily - Ground-up
  • Kensington Development Group, Inc.
    Mid-market tierMilwaukee, WisconsinMultifamily - Ground-up
  • Wingspan Development Group
    Mid-market tierMilwaukee, WisconsinMultifamily - Ground-up
  • Vermilion Development
    Mid-market tierMadison, WisconsinMultifamily - Ground-up
  • Diversified Healthcare Trust
    Mid-market tierBentonville-Rogers-Fayetteville, Arkansas (Northwest Arkansas)Madison, Wisconsin
  • Livesey Company
    Mid-market tierMadison, WisconsinMultifamily - Ground-up
  • Elcan and Associates
    Mid-market tierBentonville-Rogers-Fayetteville, Arkansas (Northwest Arkansas)Multifamily - Ground-up
  • Elmdale Partners
    Mid-market tierMilwaukee, WisconsinMultifamily - Ground-up

Frequently asked questions about Neutral

What does Neutral do?
Neutral is a real estate development company founded in 2020 and headquartered in Madison, with an additional office in San Jose.
What markets does Neutral operate in?
Neutral is active in Bentonville-Rogers-Fayetteville, Arkansas (Northwest Arkansas), Madison, Wisconsin, and Milwaukee, Wisconsin.
How many employees does Neutral have?
Neutral has 11–50 employees.
Neutral cover image

Neutral at a glance

Tier
Mid-market
Operator type
Developer, Owner
Headcount
11–50
Units owned
<1,000
Units managed
<1,000
Property mgmt
Self-Managed
Markets
3
Principals
6

Contact Neutral

25 W Main Street Suite 500 Madison, WI
www.neutral.us