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    Background

    Coretrust Capital Partners, LLC is a real estate investment firm focused on the acquisition and operation of large office properties in growth markets throughout the U.S.

    The company was founded in 2014 by three former partners of Thomas Properties Group, Inc. (NYSE: TPGI): Thomas Ricci, Randall Scott and John Sischo.

    Investment Strategy

    Coretrust acquires outdated trophy office properties in prime urban locations and reinvents those assets to meet the needs of modern tenants.

    We drive value through transformative capital improvements, performance-enhancing operational improvements, and creating a premier customer experience.

    Leadership Experience

    Our three founders have 40+ years of experience, complementary skillsets, and an average of 34 years of history working together.

    Over the course of their careers, the Coretrust principals have acquired, managed and sold over $5 billion of institutional-grade assets.

    Highlights

    Coretrust grew from 400,000 SF in 2014 to approximately 4.0 MSF in 2021.

    Coretrust principals were key senior managers at TPGI, with central roles in taking the company public and growing the firm to 16 MSF and a 10 MSF development/entitlement pipeline.

    New Enterprise

    2023

    CVFI portfolio achieves carbon neutrality

    Coretrust registers as GRESB participant

    2021

    Coretrust achieves UL Tier 2, GBAC STAR, WELL Building certified

    Coretrust completes ESG Policy

    2019

    Coretrust completes process of bringing Property Management, Leasing, and Construction Management in-house

    2018

    CVFI is fully invested with acquisition of PASARROYO (Pasadena, CA)

    Coretrust Management assists KIM in the acquisition of Five Crescent Drive (Philadelphia)

    2017

    Coretrust upsizes CVFI

    2016

    CVFI acquires Two Liberty Place (Philadelphia) and FourFortyFour South Flower (Los Angeles)

    Coretrust establishes an Asset Management advisory capability to assist Korea Investment Management, Co., Ltd. (“KIM”) acquisition of Cira Square (Philadelphia)

    Coretrust upsizes CVFI to $250 million

    2015

    Coretrust holds $200 million first close for CVFI

    2014

    Thomas Ricci, Randall Scott and John Sischo form Coretrust Capital Partners, LLC

    Background

    2013

    Thomas Properties Group, Inc. (NYSE: TPGI) merged into Parkway Properties, Inc. (NYSE: PKY)

    2011

    TPGI reaches 16 MSF peak portfolio

    2007

    TPGI partners with CalSTRS and Lehman Brothers to acquire 3.6 MSF portfolio (Austin)

    2004

    TPGI completes IPO

    1999

    Thomas Properties Group establishes an investment management platform with CalSTRS

    1998

    James Thomas completes formation of Thomas Properties Group, LLC with Thomas Ricci, Randall Scott, and John Sischo as founding partners

    Origins

    1994

    John Sischo (Bankers Trust) serves as Maguire Thomas Partners financial advisor

    1987

    Thomas Ricci joins Maguire Thomas Partners

    1986

    Randall Scott joins Maguire Thomas Partners

    Industry
    Experience

    [count_up heading=”” desc=”Years experience of three founding principals” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]40+[/count_up][count_up heading=”” desc=”Years principals have worked together on average” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]34+[/count_up]

    Capital Markets Experience

    [count_up heading=”” desc=”Gross assets principals have acquired and operated” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]$5[/count_up][count_up heading=”” desc=”Debt principals have placed on properties” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]$5.2[/count_up]

    Asset Management Experience

    [count_up heading=”” desc=”Leases executed by principals” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]10.5[/count_up][count_up heading=”” desc=”LEED certified by principals” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]13.1[/count_up]

    Development / Entitlement Experience

    [count_up heading=”” desc=”Entitlements and development by principals” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]26.9[/count_up][count_up heading=”” desc=”Heavy re-development by principals” countup_font_size=”30″ heading_font_size=”16″ animation_speed=”2000″ animation_delay=”17″]7.1[/count_up]
    John R. Sischo
    MANAGING PRINCIPAL
    CAPITAL MARKETS & INVESTMENTS
    42
    27
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    Randall L. Scott
    MANAGING PRINCIPAL
    ASSET & PROPERTY MANAGEMENT
    48
    38
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    Thomas S. Ricci
    MANAGING PRINCIPAL
    DEVELOPMENT & CONSTRUCTION
    45
    38
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    Robert D. Morgan
    EXECUTIVE VICE PRESIDENT
    CHIEF FINANCIAL OFFICER
    36
    25
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    Coretrust Capital Partners Achieves Carbon Neutrality

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    Coretrust prioritizes sustainability, health and wellness for a low-carbon solution and a safe return to the office.

    Coretrust Capital Partners signs United Nations-Supported Principles for responsible investment

    | PR Newswire | No Comments
    Coretrust Capital Partners has signed the United Nations-supported Principles for Responsible Investing (UN PRI), strengthening its commitment to incorporating environmental, social and corporate governance (ESG) considerations into its development and operational decision-making.

    Coretrust Capital Partners Achieves Carbon Neutrality in it’s Office Properties, Reinforcing leadership in ESG and Healthy Buildings

    | PR Newswire | No Comments
    Coretrust Capital Partners has achieved carbon neutrality across its 2.5 million square foot office building portfolio, further reinforcing its leadership in ESG.

    Coretrust sets the standard in health and wellness for the safe return to the office

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    Coretrust sets the standard in health and wellness for the safe return to the office

    Coretrust Office Properties Set New Standard for Healthy Building Technologies Across U.S., Validated by Tenant Leases & Independent Safety Science Leaders

    | Construction Tech Review | No Comments
    Coretrust establishes a bi-polar ionization technology for the purification of elevator air in its office buildings.

    Coretrust’s Bi-Polar Ionization to Purify Elevator Air

    | Construction Tech Review | No Comments
    Coretrust establishes a bi-polar ionization technology for the purification of elevator air in its office buildings.

    Coretrust’s Thomas Ricci on the Future of Office Real Estate

    | Los Angeles Business Journal | No Comments
    Co-founder Thomas Ricci is branching out into real estate asset management for investors.

    Is anti-COVID tech key to reopening offices? LA building uses disinfecting robots to protect workers

    | abc7 | No Comments
    If you're sick of working remotely, you may be in luck thanks to new technologies implemented at offices.

    It’s Safe To Return To The Office: Coretrust Deploys First AI COVID-19 Disinfecting Robots At Properties Plus Other Anti-COVID Tech

    | PR Newswire | No Comments
    Coretrust Capital Partners has unveiled ADIBOT UV-C Disinfecting Robots that disinfect air and surfaces against COVID-19 and other harmful airborne pathogens as the centerpiece of multiple anti-COVID technologies at its office properties..

    DTLA building uses germ-killing robots, enhanced air-purification system to lure tenants and employees back to office

    | Spectrum News 1 | No Comments
    From the moment an employee comes back to work at the old "L.A. Law" building in downtown Los Angeles, almost everything will be touch-free.

    Real Estate Investor Coretrust Capital Cleans Up During Covid

    | Los Angeles Business Journal | No Comments
    Instead of using the pandemic as a quiet period, downtown-based real estate investment firm Coretrust Capital Partners has used the time to make improvements that would normally take much longer on some of its office properties.

    Anti-COVID-19 tech helps workforce return

    | LA Downtown News | No Comments
    With Los Angeles County administering 9 million COVID-19 vaccinations, many Angelenos are slowly making the transition back to work. Coretrust Capital Partners, which owns the 444 S. Flower Street office building, is helping tenants return safely by implementing anti-COVID-19 technology in its office buildings.

    Engineering Firm Moving Regional Operations to Downtown Los Angeles

    | CoStar | No Comments
    Global engineering firm Syska Hennessy plans to move its West Coast regional headquarters in July to an office tower in downtown Los Angeles.

    Syska Hennessy Group to Move West Coast Headquarters to FourFortyFour South Flower in Downtown Los Angeles

    | Syska Hennessy | No Comments
    Los Angeles, CA — The international engineering firm Syska Hennessy will move its West Coast headquarters and Los Angeles office to FourFortyFour South Flower Street in downtown Los Angeles, with a relocation slated for July 2021.

    Downtown Los Angeles’ Iconic FourFortyFour South Flower Is First Building Globally to Achieve UL’s Healthy Building Verification for Indoor Air and Water Quality

    | Associated Press | No Comments
    UL, the global safety science leader, today announced that FourFortyFour South Flower in downtown Los Angeles has become the first building globally to earn the UL Verified Healthy Buildings Mark for Indoor Air and Water.

    Large Office Properties Set Major Renovations Work underway at big-ticket sites in Pasadena, DTLA

    | Los Angeles Business Journal | No Comments
    The Pasarroyo, formerly known as Corporate Center Pasadena, occupies a 6-acre city block and is comprised of four buildings containing more than 650,000 square feet of commercial space.

    Someday we’ll return to the office. It’ll be nothing like we’ve seen before

    | Los Angeles Times | No Comments
    When you finally head back to the office, it won’t be like you remember it. Physical distancing, from the garage to the elevator to the break room, promises to help make the pending mass return to the workplace both reassuring and maddening as people learn to work together again while…

    Coretrust Capital Partners and Connectivity Wireless Create Smart Building at FourFortyFour South Flower

    | Yahoo Finance | No Comments
    Coretrust Capital Partners is partnering with Connectivity Wireless Solutions to transform its downtown Los Angeles tower, FourFortyFour South Flower, into a smart building with state-of-the-art 5G technology that gives tenants and guests the fastest possible internet speeds and complete cellular coverage.

    Coretrust Capital Partners is partnering with Connectivity Wireless Solutions

    | BBC Wires | No Comments
    LOS ANGELES, CA — Coretrust Capital Partners is partnering with Connectivity Wireless Solutions, a provider of wireless solutions to enterprise and wireless service provider customers throughout the U.S., to transform its downtown Los Angeles tower, FourFortyFour South Flower, into a smart building with state-of-the-art 5G technology that gives tenants and guests the fastest possible internet…

    Coretrust Hacks the Highrise at 444 South Flower

    | Urbanize Los Angeles | No Comments
    Coretrust Capital Partners creates a one-of-a-kind showcase of the future of office space

    Coretrust cures “sick buildings” with fresh air.

    | Fast Company Article | No Comments
    An iconic high-rise in downtown L.A.—whose owners removed the glass from some windows—is just the latest and most literal example of a trend toward free-flowing workplaces.

    KCRW Podcast

    | Podcast | No Comments
    What will the high-rise office space of the future offer? Maybe fresh air from a hole in the curtain wall, the piped-in sound of trickling water and the smell of the seashore? These are what you’ll find in downtown LA’s “Workplace Innovation Lab.”

    Haworth Case Study

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      https://vimeo.com/314340984/a01f61a612

    Workplace Innovation Lab

    | Workplace Innovation | No Comments

    A Good Time Was Had by All!

    | Press Release | No Comments
       

    Landlord Uses Legos to Lure Brokers to Downtown Highrise

    | Los Angeles Market Reporter | No Comments
    No Longer Called Citigroup Center, Building is Open for New Leasing, Naming Rights June 13th, 2018: Jacquelyn Ryan, Los Angeles Market Reporter | CoStar Group Two hundred Los Angeles commercial real estate brokers recently received deliveries of specialty Lego sets that can be built into replicas of a downtown building…

    Coretrust Orders Lego Version of Citigroup Center

    | Los Angeles Business Journal | No Comments
    Coretrust Capital Partners is getting creative when it comes to marketing space at its western regional headquarters downtown. The commercial real estate firm is asking brokers and other people to reconstruct Citigroup Center at 444 S. Flower St. in downtown Los Angeles. Read article below:

    Coretrust Capital Buys Six-Acre Office Campus in Pasadena for $250M

    | Los Angeles Business Journal | No Comments
    Downtown real estate investment firm Coretrust Capital Partners has purchased Pasadena’s largest office campus, the six-acre PASARROYO, according to the company. Coretrust bought the four-building property at 201, 225, 251 and 283 S. Lake Ave., which spans a full city block and includes more than 640,000 square feet of commercial…

    Coretrust Advises Korea Investment Management in its Acquisition of 5 Crescent Drive in Philadelphia — 2nd Major Investment by KIM in City

    | Press Release | No Comments
    Download Press Release PHILADELPHIA, PA – May 8, 2018 – Coretrust Capital Partners, LLC, as U.S. Asset Manager for Korea Investment Management Co., Ltd. (KIM), has advised KIM in the acquisition of 5 Crescent Drive, a 208,000-square-foot office building in the Navy Yard submarket of Philadelphia. The seller was Liberty…

    Featured in the Philadelphia Business Journal on March 24, 2017

    | Philadelphia Business Journal | No Comments
    Managing Principal Randall L. Scott of Coretrust Capital Partners sits down with Philadelphia Business Journal to discuss the $220M purchase of Two Liberty Place Office Condominiums in Center City Philadelphia.  He shares some of his thoughts on real estate deals, business advice, and reflects on past decisions.

    A New Look for the ‘L.A. Law’ Building includes ‘Courtyards in the Sky’

    | Los Angeles Times | No Comments
    It won’t be long until workers in a prominent downtown L.A. high-rise will step outside hundreds of feet in the air to lounge on patio furniture among planters brimming with succulents, and perhaps even warm themselves next to a fire pit. The new owners of the silver-skinned Citigroup Center in the…

    Downtown Veterans Aim to Scale Skyscraper

    | Los Angeles Business Journal | No Comments
    REAL ESTATE: Trio looks to fill Citibank Center offices. Downtown veterans look to build on legacy by reviving office space at Citibank Center.

    Featured in the Philadelphia Business Journal on October 28th, 2016

    | Philadelphia Business Journal | No Comments
    Philadelphia Business Journal features Two Liberty Place in their October 2016 edition.  Write up includes some of the possible challenges that Coretrust Capital Partners face in regards to their planned series of renovations for the recently purchased office portion of Two Liberty Place.  Multiple ownership structures control various aspects of the…

    Coretrust Acquires Control of Iconic Two Liberty Place in Philadelphia

    | Business Wire | No Comments
    Jacquelyn Ryan, Los Angeles | Business Wire Los Angeles, CA – November 17, 2016 – Coretrust Capital Partners, LLC, through its investment fund, Coretrust Value Fund I, purchased the controlling interests in multiple Two Liberty Place ownership entities. Two Liberty Place, totaling 1.2 million square feet, is an iconic part…

    Coretrust Advises Korea Investment Management in its Acquisition of Cira Square in Philadelphia

    | Press Release | No Comments
    Download Press Release Los Angeles, CA – March 23, 2016 – Coretrust Capital Partners, LLC, as U.S. Asset Manager for Korea Investment Management (KIM), has advised KIM in the acquisition of Cira Square, an 863,000 square foot office building at 2970 Market Street in the University City submarket of downtown…

    Coretrust Chosen by Hawkeye Partners for Scout Program with $200 Million Commitment

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    Download Press Release Los Angeles, CA – October 14, 2015 – Coretrust Capital Partners, LLC, a private real estate operating company, was selected for inclusion in the Scout Program and has closed its first fund with an initial $200 million equity commitment from Scout Fund II, a fund managed by…

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