Real estate investment advisory company NW1 Partners announced the closing of its NW1 Washington DC Urban Retail Venture, which aims to create a portfolio of urban retail assets worth $175 million in aggregate.
The venture, established in partnership with urban retail specialist Martin-Diamond Properties, will invest in properties located in the "millennial-influenced" submarkets of Washington, D.C., NW1 Partners said in a release.
Since the inception of NW1 Washington, the duo has committed about one-third of its capital into assets comprising 70,230 square feet.
