Real estate for investors who think in decades

Westbridge acquires, develops and manages residential and commercial property across the New York metro, and runs every building in-house.

15 holdings
Assets under management
$4.8B
Properties across the tri-state
41
Square feet under management
11.6M
Realized net IRR on exited deals
15.2%

As of June 30, 2026. The map shows 15 of 41 holdings; the full schedule is available to registered investors. Net IRR covers 23 fully or partially realized investments since 2009. Past performance does not guarantee future results.

One team owns every stage of the building

We source, underwrite, build and operate in-house. There are no outsourced asset managers and no fee layers between your capital and the property.

Request an introduction

Off-market sourcing

Seven of the nine buildings we bought last year never went to a broker's book.

Partners invest first

The partners commit at least 5% of every fund and co-investment, on the same terms as you.

Concentrated where we know the streets

Every asset is within a 45-minute drive of our Park Avenue office, and our property managers walk each building weekly.

Bergen Street, Prospect Heights

From a vacant warehouse to a 2.1x equity multiple

One building, followed through every stage we own.

  1. Acquire

    Bought a vacant 1920s warehouse for $38M off-market, from a family that had owned it for three generations.

  2. Develop

    Delivered 212 rental homes and 14,000 sq ft of street retail, two months early and 3% under budget.

  3. Manage

    Leased up in 11 months with our own team. Occupancy has held above 96% and 71% of residents renew.

  4. Realize

    Sold a 49% stake to a state pension fund, returning 2.1x equity to investors. We still run the rest.

Three strategies, one underwriting standard

Target returns are net of fees and carried interest. Open to accredited investors and qualified purchasers only.

Stabilized apartments and offices in supply-constrained submarkets, held for income.

Target net IRR
8–11%
Hold
7–10 years
Minimum
$1M
Availability
Open, evergreen
Compare all three strategies
StrategyWhat we buyTarget net IRRHoldMinimumAvailability
Core-plus incomeStabilized apartments and offices in supply-constrained submarkets8–11%7–10 years$1MOpen, evergreen
Value-addUnder-managed buildings we can re-lease, renovate or reposition13–16%4–6 years$2MFund IV closes Q1 2027
DevelopmentGround-up residential and mixed-use on sites we already control16–20%3–5 years$5MDeal by deal

Three ways to invest with us

Start with a fund, add co-investments as you get to know our buildings, or have us run a mandate built for your family.

Funds

Diversified exposure across one strategy, with quarterly distributions from stabilized assets.

Minimum
$1M
Liquidity
Quarterly, after 2 years
Your say
Advisory board from $25M
Discuss funds

Co-investment

Most families start here

Invest alongside our funds in one named building, with full diligence materials before you commit.

Minimum
$5M
Liquidity
At sale or refinancing
Your say
Opt in deal by deal
See open co-investments

Separate accounts

A mandate built around your family's tax position, time horizon and preferred markets.

Minimum
$50M
Liquidity
Set by your mandate
Your say
Investment committee seat
Discuss a mandate

See every building you own, every quarter

Reporting is asset by asset, not a fund-level summary. You get the same numbers our asset managers use.

  • Rent rolls and budgetsOccupancy, leasing and capital spend for each building.
  • Calls and distributionsNotices, wire details and payment history in one place.
  • Tax documents on timeK-1s delivered by March 15 every year since 2011.
Investor login
Illustration of the Westbridge investor portal showing a capital account, quarterly distributions and building progress.

The partners you'll speak with

Four partners with an average of 22 years in New York real estate. Together they have $96M of their own money in our buildings.

Robert Ashford

Robert Ashford

Managing partner, co-founder

Founded Westbridge in 2009 after 16 years buying apartment buildings across the five boroughs.

Since 2009
Diane Morales

Diane Morales

Partner, investor relations

Leads our relationships with families and institutions, and chairs the reporting committee.

Since 2011
Thomas Keller

Thomas Keller

Partner, development

Has delivered 3,100 homes in New York, including Bergen Street and Ward & Tenth.

Since 2013
Adrian Costa

Adrian Costa

Partner, acquisitions

Sources and underwrites every acquisition, and walks every building before we bid.

Since 2015
“Westbridge reports like an owner, not a sponsor. We see the same rent roll their asset managers see, every quarter.”
Chief investment officer, single-family office in Greenwich, Connecticut. Investor since 2014.

From the partners

All insights
Letter to investors

12 min read

2026 letter: why we sold less and built more

Cap rates moved, rents did not. What that means for the next three years of the portfolio, and why we kept building through it.
Market note

Why we're still building rentals in Long Island City

6 min read
Portfolio review

Q2 2026: occupancy, distributions and what changed

8 min read
Asset update

Exchange Pier: what 81% leased really means

5 min read

Questions investors ask first

Straight answers on eligibility, returns, fees and access. For anything else, write to investor relations.

ir@westbridgecapital.com
Eligibility

Who can invest with Westbridge?

Our offerings are open to accredited investors and qualified purchasers. Fund minimums start at $1M, co-investments at $5M and separate accounts at $50M.

$1MLowest minimum, through our funds
Compare strategies

Speak with investor relations

Tell us a little about your allocation and a partner will reply within two business days. Conversations are confidential.

For accredited investors and qualified purchasers.