Firm Overview

  • Westminster Capital is a deeply experienced real estate investment manager on behalf of private wealth capital
  • Founded in 1988, the firm is headquartered in Lake Forest, Illinois
  • Over 25 years managing complex real estate matters for private investors and family offices
  • The background and experience of the firm’s partners range from development of global real estate strategies for Fortune 100 companies to construction and management of investment portfolios

Investment Programs

  • Private client work includes investment funds and private accounts totaling approximately $917 million of investor capital
  • U.S. and European families, as well as their private foundations, participate
  • Westminster Capital utilizes a disciplined, value-investing methodology for small-cap to mid-cap real estate
  • Maintain defensive posture to reduce pressure to sell due to recession, debt levels, or interest rates

The Westminster Funds®

  • $392 million of private equity capital for eight income-property Westminster Funds
  • Closed-end funds seeking better risk-adjusted returns at lower cost
  • Invest primarily in existing, leased small to mid-size properties – SMID Value
  • Highly diversified by property type, size, geography, tenant credit, and granularity
  • Acquired under-managed, poorly capitalized institutional-quality assets
  • Single property, non-auction buys generate higher margins

Senior Living Funds

  • $208 million of equity capital for Westminster CCRC Investors I & II
  • Joint-venture with Life Care Services LLC to build and own Life Plan Communities (LPCs)
  • Own 3 LPCs today – All open, with phased-development in-process

Westminster Realty Partners

  • $273 million of equity capital for Westminster Realty Partners I, II, III & IV
  • Seeking IRR net to investors of 14%
  • Investing primarily in medical office, apartments, industrial/distribution, and senior living

Private Accounts

  • Presently, $44 million of equity capital in two investment vehicles
  • Both are portfolios of “Opportunistic” (≥19% IRR) property investments