NW1 Partners has received a $100m (鈧�82m) commitment from a US investor to invest in assets like industrial, multifamily and distressed hotel properties in the US and Europe.
The value-add real estate investment manager said it obtained the commitment from 鈥渁 major US institutional investor鈥�, without disclosing a name.
In October, 91传媒在线 reported that Texas Permanent School Fund had issued a $100m commitment to NW1 Strategic Investment Partnership I, a fund which targets apartments, industrial and mixed-use assets.
NW1 Partners said it has already set aside $25m of the $100m received to its multifamily strategy which is focused on investing in value-add residential for rent properties Brooklyn, New York.
David Boyle, managing partner, NW1 Partners, said: 鈥淭he NW1 Partners team are proud and honoured to enter into an investment arrangement with a major US institutional investor. 鈥淭his is an important step in the continued evolution and growth of NW1 Partners.
鈥漌e 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.鈥�
NW1 Partners was founded in 2017 by former industry veterans Boyle and Brad Beanblossom. The firm focuses on high conviction, small-cap real estate investments in areas often overlooked by institutional investors.
Co-headquartered in London and Chicago, the firm looks for opportunities in the US, UK, and continental Europe.
To read the digital edition of the latest 91传媒在线 magazine click here.
