1 December 2020
NW1 Partners (“NW1”), the highly selective and niche focused value-add real estate investment management firm, announces that it has obtained a $100 million commitment with a major U.S. institutional investor.
NW1 will deploy capital in resilient, durable real estate sectors, such as urban industrial/logistics, multifamily residential and distressed hotels, in deeply researched and vetted markets in the US and Europe. NW1 will execute its strategies in close partnership with emerging local operating partners with similar mindsets, shared deep conviction in the strategy, and a commitment to build up an institutional portfolio together.
NW1 Partners will focus on key sub-markets, undertaking a clear and coherent portfolio build-up approach, and with the most attractive real estate fundamental supply and demand dynamics.
Following the $100 million commitment, NW1 has already allocated $25 million of this capital to its multifamily strategy which is focused on investing in value add residential for rent properties in high demand neighbourhoods with strong, long-term fundamentals across Brooklyn, New York. These neighbourhoods, which are predominately located in Park Slope and adjacent sub-markets are also characterised by their low density, high levels of desirability and affordability, with demand underpinned by young families and young professionals moving from Manhattan for more space and better schools.
Commenting, David Boyle, Managing Partner, NW1 Partners, said: “The NW1 Partners team are proud and honoured to enter into an investment arrangement with a major U.S. institutional investor. This is an important step in the continued evolution and growth of NW1 Partners. We believe it demonstrates how our model and approach to private equity real estate investing is resonating with major institutional investors. We are very excited to pursue new investments, as we see greater opportunities in the European, UK, and U.S. markets due to COVID-19 induced market distress.”
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