Westminster Realty Partners II LP (WRP II) is a direct follow-on to the portfolio diversifications and investment strategy of Westminster Realty Partners LP investing in three long-term secular changes driving occupant demand: Demography/Lifestyles (Work-Live-Play), E-Commerce/Logistics, and increasing Urbanization. The Fund Managers seek to generate an IRR net to investors of 15% or greater, after fees, costs, and GP incentive compensation. The Final Closing for WRP II will be mid-September. WRP II is the twelfth commingled fund sponsored by Westminster Capital.
Shortly following the Initial Closing for Capital Commitments, WRP II acquired a joint venture interest in Echelon at Monterrey Village – San Antonio, Texas, a 240 Unit, new development apartment community with The Garrett Companies.
About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital, including sponsorship of closed-end investment funds and separate account portfolios totaling approximately $750 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 through 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.