During 2015, Westminster Capital sold properties totaling $225 million in value, leading to Limited Partner net distributions of $114 million across eight Westminster Capital investment funds. These Limited Partner distributions for 2015 were nearly 300% the Limited Partner distributions in each of 2014 and 2013. Property sales for 2012 thru 2015 totaled $607 million, with property sales of over $200 million expected during 2016. Diligent, persevering work and rising property markets have produced these results.
Above: Milwaukee Industrial Portfolio Sale consisting of 4700 Ironwood Drive, Franklin, WI and 4410 North 132nd Street, Butler, WI – Sold by Westminster Fund VII LP October 2015: 20.6% IRR and 2.9x Equity.
About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital. Private client work includes leadership of closed-end investment fund and separate account portfolios totaling approximately $700 million of investor capital. Westminster Capital makes commercial property investments throughout the United States across Industrial/Distribution, Apartments, Medical Office and Senior Living properties offering Value-Add to Opportunistic risk reward returns. Such work includes rebuilding income streams of existing properties, or manufacturing them with new construction, by careful investment underwriting and pursuit of well-funded tenants motivated by powerful long-term secular changes in their needs for such properties. Founded in 1988, the firm is headquartered in Lake Forest, Illinois.