purpose of funds

To construct diversified, granular portfolios of commercial real estate generating top-tier, risk-managed returns for private investors.

strategy and goals

  • Invest in long-term trends and Demography/Lifestyles and Technology/E-Commerce/Logistics
  • Buy or build apartments, industrial/distribution, medical offices, senior living, and self-storage
  • Target 14% or greater Net IRRs over life-of-Fund, Net Yields of 7% to 11%, after GP incentive and Fund costs
  • Limited Partnership structure with Westminster as GP and co-investor
  • Commitments typically funded over 24 to 36 months
  • Westminster employees are members of each Fund's GP LLC
  • General partner compensation principally tied to Fund performance
Fund Start Date Investor Capital
Westminster Fund LP May 1997 $17,750,000
Westminster Fund II LP August 1998 $26,775,000
Westminster Fund III LP January 1999 $49,300,000
Westminster Fund IV LP April 2001 $40,975,000
Westminster Fund V LP February 2003 $56,740,000
Westminster Fund VI LP July 2004 $75,000,000
Westminster Fund VII LP November 2006 $81,250,000
Westminster Fund VIII LP April 2009 $43,965,000
Westminster CCRC Investors LP December 2005 $104,000,000
Westminster CCRC Investors II LP December 2008 $104,350,000
Westminster Realty Partners LP December 2014 $45,625,000
Westminster Realty Partners II LP November 2016 $58,125,000
Westminster Realty Partners III LP March 2018 $80,000,000
Westminster Realty Partners IV LP December 2019 $89,000,000
Private Account Investments 2011 - 2018 $100,330,000
Total Investor Equity Capital $973,185,000