Korean institutional capital for U.S. real estate and infrastructure.
Esher Capital brings Korean institutional capital to U.S. real estate and infrastructure, one project at a time. Founded in 2021, with offices in New York and Seoul.
- USD 3B+
- Founding team track record in cross-border real estate, infrastructure, and M&A
- USD 170M
- Korean logistics development we sourced, structured, and financed
- 60+ years
- Combined team experience
What we do
Investment Management
We originate and underwrite U.S. deals, raise the capital from Korean institutions project by project, and handle asset management and investor reporting. Equity is invested alongside established operating sponsors.
Private Placements & Capital Advisory
We place U.S. real estate and infrastructure funds, equity and debt, with Korean institutional LPs. The work covers K-trust feeder structuring, manager screening, due diligence, and reporting.
Where we invest
Long-term contracted, income-producing real assets. Typically USD 25M to 100M per investment, in equity, preferred equity, or debt.
Data Centers
Leased long term to investment-grade tenants.
Student Housing
NNN leases with major U.S. universities preferred. Open to assets with strong operating history and occupancy.
Industrial & Logistics
Leased long term to investment-grade and credit-equivalent tenants.
Infrastructure
Long-term contracted cash flows.
Featured transaction
Class A logistics development in Korea
A ground-up, institutional-scale logistics development in Geumwang-eup, Eumseong, Chungbuk (Geumwang Technovalley). About 1.3M SF of total GFA and about USD 170M in project size. It closed and started construction in 2022.
Esher Capital was the JV sponsor, through Global Four One. Our role:
- Led the JV equity formation, with NH REITs Management and Hanyang Securities as LPs
- Secured a forward purchase commitment from NH Investment & Securities before construction
- Secured senior C-loan financing against that commitment
Senior lenders were Korean securities firms, insurers, and financial cooperatives. The exit is complete.
Capital partners
The team has worked directly with Korean securities firms, insurers, pensions, asset managers, and financial cooperatives for more than a decade.