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Alternative Assets  + Latest News  + Real Assets  | 
Real Estate Investment Firm VanWest Partners Closes Sixth and Seventh Deals for its VanWest Storage Fund III

Real Estate Investment Firm VanWest Partners Closes Sixth and Seventh Deals for its Fund III

VanWest Partners, a commercial real estate investment firm based in Denver, acquired two additional self-storage properties for its VanWest Storage Fund III.

The two acquisitions are the sixth and seventh for Fund III since launching in April 2022 and represent the final closings of the year.

The acquisitions were sourced off-market and will add immediate value to Fund III as the firm leverages their operational platform to grow net operating income.

Jacob Vanderslice, a principal at VanWest Partners, noted, “We’re very pleased with the early performance of the Fund’s seven acquisitions made this year. 2023 will be a transformational time in the real estate investing space – the years of irrational exuberance are coming to an end,”

Fund III now includes a total of seven self-storage facilities, with $51.2mn in capital deployed.

VanWest anticipates a 2–3-year deployment period for Fund III with targeted returns of 14%-16% IRR and a 2x-2.25x multiple over a seven-year hold.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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