For the past three years, Mr. Eder has been the CEO of Newport Coast Capital Group, LLC, where he is responsible for managing residential development investment projects. His focus on high-end design/build opportunities, either new construction or redevelopment projects, with a primary focus on complex hillside projects where significant value and above market investment returns can be realized using creative engineering solutions, value engineering, and entitlements expertise.
From 2013-2015, Mr. Eder co-founded a distressed debt investment platform at Trestles Capital Management LLC where he acted as CEO and portfolio manager where he led the investment team in the sourcing, underwriting, valuation, negotiating/bidding, and/or due diligence of multiple portfolios of residential home loans and REO rental properties totaling over $10 billion in UPB/property value.
From 2010 to 2012, Mr. Eder co-founded a distressed debt investment platform at Neuberger Berman that eventually grew to over a $1 billion fund. While at Neuberger. Mr. Eder was the Head of Residential Loan Activities, Senior Vice President, and a Portfolio Manager.
For 12 years prior to joining the Neuberger, Mr. Eder was the Chief Executive Officer of Newport Coast Capital Management, a private equity real estate investment firm. At Newport, Mr. Eder focused on residential, condominium, apartment to condominium conversion, multi-family, and commercial investments.
Prior to Newport, from 1988-1997, Mr. Eder held various regional and district management roles at GE Medical Systems, Sopha Medical Systems, and ADAC Labs with matrix management responsibilities for leasing, financing, sales, marketing, customer service, installation, customer training, and maintenance of multi-million dollar medical imaging equipment installations and related software.
He has a BS Mechanical Engineering from the University of Illinois and an MBA from Harvard Business School.
RESPONSIBILITIES AT ARTES
Mr. Eder has over 25 years of real estate investment experience. He founded a real estate investment management firm in 1997 while attending the Harvard Business School after a successful career working at Fortune 500 companies and in private equity. Having acted as a principle investor for over two decades, he is an accomplished manager, operator, and transaction specialist with several private investments reaching realized and unrealized returns in excess of 100% IRR and attaining a 65% IRR with institutional investor, ING. Mr. Eder’s primary roles at ARTES are strategy, development management, and real estate finance. He works with clients to determine highest and best use for property and to value engineer the design and construction to strike a balance between luxury and cost. He acts as the general manager of the project team during planning, design and construction.