What NW1 Partners does

NW1 Partners is a London-headquartered real estate investment management firm founded in 2016 by David Boyle and Brad Beanblossom with strategic support from Delancey. The firm operates a niche aggregation platform that targets small-cap real estate assets—primarily Industrial Outdoor Storage (IOS) and select living-sector strategies—across the United States, the United Kingdom, and Continental Europe. Its stated investment thesis is that approximately 80% of the investable real estate market is small-cap and structurally underrepresented in institutional allocations; NW1 aggregates fragmented portfolios of off-market assets sourced primarily from non-institutional sellers, then creates institutional-grade vehicles for eventual exit to larger institutional buyers at a portfolio aggregation premium. The firm manages approximately $1.3 billion in gross assets under management across seven active investment strategies as of Q3 2025, with offices in London, Chicago, and New York.

The product platform includes Industrial Outdoor Storage, Last Mile Logistics (UK and Spain), Affordable Housing Build-to-Rent, a Brooklyn Multifamily Fund, and a Washington DC Mixed Use strategy, alongside dedicated geographic sub-vehicles such as the Dutch IOS Vehicle (€192 million closed April 2025) and the German IOS Venture (€300 million commitment launched February 2026). NW1 raises capital directly from global institutional investors—pension funds, endowments, sovereign wealth funds, and family offices—through fund formations, programmatic joint ventures, co-investments, and direct asset recapitalizations. CBRE Investment Management has become the anchor institutional capital partner across IOS vehicles via its Indirect Strategies division, while URBZ Capital serves as the operating partner for European IOS aggregation. Revenue is generated through asset management fees on AUM and performance fees or carried interest on returns above specified hurdles, with specific terms negotiated on a fund-by-fund basis. The firm is privately held, founder-owned, and operates without a disclosed controlling parent company or external institutional majority stake.

Name

NW1 Partners

Legal name

NW1 Partners

Website

https://nw1partners.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

NW1 Partners is a London-based real estate investment manager that aggregates small-cap niche properties—primarily Industrial Outdoor Storage—into institutional-grade portfolios for global institutional investors across the US, UK, and Continental Europe.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: NW1 Partners generates revenue through asset management fees charged on assets under management and performance fees/carried interest generated on investment returns above specified hurdles for institutional investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

NW1 Partners is a real estate investment management firm that originates and manages niche aggregation strategies in industrial and living sectors. The firm raises capital from global institutional investors through fund vehicles, programmatic joint ventures, and co-investments, then aggregates small-cap real estate assets off-market into institutional-grade portfolios. Core strategies include Industrial Outdoor Storage (IOS) across the US, UK, and Europe, Last Mile Logistics in the UK and Spain, and Living strategies (Affordable Housing BTR, Brooklyn Multifamily Fund, Washington DC Mixed Use).

Product overview

NW1 Partners operates as a niche real estate investment management firm offering a platform of distinct investment strategies. The core offering includes Industrial Outdoor Storage (IOS) strategies across the US, UK, and Europe, Last Mile Logistics in the UK and Spain, and Living sector strategies including Affordable Housing BTR, Brooklyn Multifamily Fund, and Washington DC Mixed Use. The firm's strategies are built on a portfolio aggregation model targeting small-cap niche assets, with dedicated vehicles like the Dutch IOS Vehicle and German IOS Venture for specific geographic and sector focus. The company creates institutional-grade portfolios by aggregating smaller assets and exiting to larger institutional buyers.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Outdoor Storage (IOS)

Quantifiable outcome

• Small-cap aggregation strategies have historically outperformed underwriting benchmarks
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• URBZ CapitalcoreStrategic or Co-development Partner · 1 June 2024NW1 partnered with URBZ Capital in 2023 to launch IOS strategy in the Netherlands. URBZ is a real estate boutique specializing in industrial properties, established in 2020. The partnership has aggregated 14 assets with GAV over €100 million and secured €130 million financing facility. URBZ founders Ali Nassiri and Bram Verhoeven serve as Managing Partners.
• DelanceycoreStrategic or Co-development Partner · 1 January 2016NW1 was founded with strategic support from Delancey, a leading UK real estate investment management firm. Delancey founders Jamie Ritblat (Founder & Executive Chairman) and Paul Goswell (Non-Executive Deputy Chairman) serve on NW1's Strategic Investment Committee as Non-Executive Directors of the Board.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Kennedy Wilson: Global real estate investment and services firm with a focus on opportunistic and value-add investments across the US, UK, Ireland, and Continental Europe. Comparable multi-strategy, founder-influenced investment manager model.
• Brockton Capital: UK-based real estate investment manager focused on opportunistic and value-add strategies across Western Europe. Comparable founder-led structure, vintage, and UK/European mid-market real estate focus.
• Harrison Street: US alternative real estate investment manager focused on niche, demographically-driven real estate themes (data centers, life sciences, education, senior living). Highly comparable to NW1's thesis of building institutional portfolios out of fragmented, non-core real estate sub-sectors.
• Henderson Park: Pan-European real estate investment manager founded in 2016 by former Blackstone executives, pursuing opportunistic and value-add strategies across Western Europe. Comparable in vintage, founder-led structure, and Europe-led deployment focus.
• Exeter Property Group: US-based real estate investment manager specializing in industrial logistics, last-mile, and adjacent industrial outdoor / infill strategies. One of the most direct comparables to NW1's IOS thesis and aggregation approach.
• Delancey Real Estate Asset Management: UK real estate investment manager and NW1's strategic founding partner. Operates overlapping niche residential and mixed-use strategies and shares senior leadership on NW1's Strategic Investment Committee, making it the closest comparable by structure and geography.
• GreenOak Real Estate (now Bentall Kennedy / LaSalle): Pioneer institutional aggregator of European industrial outdoor storage and logistics prior to acquisition by LaSalle. Closest historical comparable to NW1's IOS aggregation strategy, particularly in Europe.

Broad incumbents

• AEW Capital Management: Large diversified global real estate investment manager with dedicated industrial/logistics and value-add strategies. Comparable as a broad incumbent operating in overlapping sub-sectors, though at materially larger scale and broader mandate.
• CBRE Investment Management: Global real estate investment management arm of CBRE Group and the anchor LP in NW1's Dutch and German IOS vehicles. A broad incumbent with overlapping indirect strategies platform; included as a peer because it is simultaneously a major investor in and a potential competitor to NW1's aggregation thesis.

Emerging players

• Castlelake: Global alternative investment manager with a growing real estate platform including industrial outdoor storage exposure. Comparable as a multi-strategy manager pursuing thematic, niche real estate aggregation strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nw1-partners

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NW1 Partners