Ex-Morgan Stanley investment officer David Boyle (left) and former Equity International investment head Brad Beanblossom (right) have launched a new real estate investment advisory firm called NW1 Partners, focusing on small cap, value-added property investments in the US, UK, and Europe.
Co-headquartered in London and Chicago, NW1 is being supported by UK property company Delancey, whose chairman Jamie Ritblat and managing director Paul Goswell will act as non-executive directors and sit on NW1's investment commitee.
'Throughout our careers, Brad and I have found small cap real estate investing to be particularly appealing. There is less competition, fragmented ownership, and the ability to apply institutional expertise to re-position assets where others don’t have the capability or capacity,' commented Boyle.
NW1 will look to invest across all property types, with a focus on consumer driven assets often found in sectors such as urban retail, last-mile logistics, parking, and self-storage.
'NW1 Partners was borne out of a clear market need and is led by two highly astute individuals in real estate. They have a unique strategy and approach to the market,' said Ritblat.
NW1 is pleased to announce the strategic support of Delancey, in the guise of its Founder and Chairman Jamie Ritblat and Managing Director Paul Goswell, who have agreed in a non-executive capacity to join the board of directors and sit on the investment committee of NW1 Partners.
'We have already made progress on our first investment opportunity. We are very pleased and excited to have partnered with a talented emerging manager in Washington, DC where we will seek to acquire urban, walkable retail assets in the growing Millennial influenced sub-markets in DC,' concluded Beanblossom.
