Big deals involving big numbers inevitably make big headlines. But one U.S. and European investor, backed by one of the most famous names in British real estate and raising capital from blue-chip U.S. pension funds, thinks there are big profits to make buying smaller assets in niche sectors that go under the radar of the giant funds that dominate today’s investment landscape.
“When we looked back over our careers, we saw that what was often the most profitable were those small and mid-cap real estate assets that you could roll up and sell on,” NW1 Partners co-founder David Boyle told Bisnow.
Boyle is a former head of real estate at Morgan Stanley Alternative Investment Partners, and his co-founder, Brad Beanblossom, spent 15 years overseeing the investment team at Sam Zell’s Equity International.
“We think we can find interesting value below the radar screens of the larger investors, buy from less-sophisticated owners, execute a value-add business plan and create a portfolio attractive to core investors.”
With the strategy in mind, Boyle and Beanblossom founded NW1, which has offices in London and Chicago, in 2016 with backing from Delancey, the fund manager led by veteran investor Paul Goswell and British real estate scion Jamie Ritblat. Rather than raising single funds that then go out and buy multiple assets in…
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