9 April 2021
NW1 Partners (“NW1”), the highly selective and niche focused value-add real estate investment management firm, announces that it has appointed Jon Sandstrom as a Principal. Based in New York, Jon will be responsible for sourcing and managing investment opportunities with emerging operating partners on behalf of NW1’s institutional limited partners. NW1’s strategy focuses on aggregating small to mid-sized assets in a particular sector, with an eye towards achieving a portfolio premium upon exit to an institutional buyer.
Prior to joining NW1, Jon was an Executive Director, Portfolio Manager, and Real Estate Investment Committee member in the Portfolio Solutions Group and the Alternative Investment Partners (AIP) Real Estate team at Morgan Stanley. Over the nine-year period he worked for the bank, Jon was involved in circa $1 billion of private real estate co-investments as well as secondary and primary fund investments operating out of New York and Hong Kong.
Prior to Morgan Stanley, Jon worked with fund manager Five Mile Capital Partners, where he focused on private real estate high-yield debt and equity investments throughout the US. He has also held previous roles at Swedish fund manager Niam, Credit Suisse and Donaldson, Lufkin & Jenrette (DLJ). Jon graduated with a Bachelor of Arts in Economics from the University of Virginia and an M.B.A. from Cornell University.
Commenting, David Boyle, Managing Partner, NW1 Partners, said: “I am very pleased to be reuniting with Jon after having previously worked together for many years at Morgan Stanley. Jon has nearly 20 years of experience and a proven track record of operating in the real estate sector and we are excited to be welcoming him to our team. New York is a very important market for us, with our Brooklyn Multifamily strategy in full swing, and we look forward to leveraging Jon’s wealth of experience and deep expertise to support the continued growth of our business.”
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