The Westwood Property Fund was formed in 2016 after successfully rolling up 550 limited partnerships and 75 assets. This is an open-ended fund that focuses on high-quality, grocery-anchored neighborhood and community shopping centers in high-growth markets with superior demographics. Besides grocery-anchored centers, this Fund also invests in high-density, unanchored strip centers.
What is the history of Westwood Financial?
Westwood Financial is a premier, fully-integrated real estate investment platform with a portfolio of 73 high-quality shopping centers in twelve states and 26 major metropolitan markets with an additional 39 centers under management. Westwood has owned and operated neighborhood and community shopping centers for nearly 50 years, beginning with a collection of small, West-Los Angeles strip centers and growing into a portfolio of over 150 primarily grocery-anchored and service-oriented shopping centers. Steven Fogel and Howard Banchik began the company in 1970 out of a desire to provide investors and partners with stable, income-producing real estate investments, that focus continues today.
What is Westwood Financial’s current investor base comprised of?
Westwood currently maintains approximately 450 individual, high-net-worth investors with an average investment tenure of 11 Years.
What is the annual distribution to investors?
Westwood distributes an annual dividend of $0.409 per unit. The distribution is paid quarterly.
What level of reporting does Westwood Financial offer to its investors?
Westwood Financial reports quarterly portfolio and property metrics to investors along with their quarterly distribution. Financial statements are provided annually, along with an updated valuation of each investor’s units on an annual basis.