Westminster Realty Partners III LP (WRP III) continues the investment strategy and portfolio diversifications of Westminster Realty Partners LP and Westminster Realty Partners II LP through investing in three long-term, secular trends driving demand for new apartments, industrial/distribution, senior living, and medical office buildings. These societal trends are typically referred to as: Demography/Lifestyles (Work-Live-Play), E-Commerce/Logistics, and increasing Urbanization. The Fund Managers seek to generate a Net IRR to investors of 15% or greater, after fees, costs, and GP incentive compensation.
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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 $828 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. The firm employs careful investment underwriting and pursues well-funded tenants motivated by powerful, long-term secular trends in their needs for such properties. Founded in 1988, the firm is headquartered in Lake Forest, Illinois.