Industry veterans David Boyle and Brad Beanblossom have announced the formation of a new investment advisory firm, NW1 Partners, focused on small cap value-added property investments in the US, UK, and Europe.
The firm will be co-headquartered in London and Chicago and strategically supported by Delancey, with founder and chairman Jamie Ritblat and managing director Paul Goswell sitting on the NW1 board as non-executive directors.
NW1 will look to invest across all property types, with a focus on consumer driven strategies often found in sectors such as urban retail, last-mile logistics, parking, and self-storage. Managing partner Beanblossom believes the firm’s concentration on small cap, consumer driven strategies lends itself well to acquiring assets in fragmented, less competitive markets.
Fellow managing partner Boyle said: “Throughout our careers, Brad and I have found small cap real estate investing to be particularly appealing. There is less competition, fragmented ownership, and the ability to apply institutional expertise to re-position assets where others don’t have the capability or capacity.”
“We are very fortunate to have the strategic support of Jamie, Paul, and the Delancey management team. I have enjoyed the good fortune of working closely with Delancey over the years, including investing together as partners. I view this as the natural continuation of our strong relationship.”
Beanblossom further announced they have already made progress on a first investment opportunity with a “talented emerging manager in Washington DC on urban, walkable retail assets in the millennial influenced sub-markets in DC”.