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.
Coretrust acquires outdated trophy office properties in prime urban locations and reinvents those assets to meet the needs of modern tenants.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.
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.
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
Years experience of three founding principals
Years principals have worked together on average
Gross assets principals have acquired and operated
Debt principals have placed on properties
Leases executed by principals
LEED certified by principals
Entitlements and development by principals
Heavy re-development by principals
Coretrust prioritizes sustainability, health and wellness for a low-carbon solution and a safe return to the office.
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 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
Coretrust establishes a bi-polar ionization technology for the purification of elevator air in its office buildings.
Coretrust establishes a bi-polar ionization technology for the purification of elevator air in its office buildings.
Co-founder Thomas Ricci is branching out into real estate asset management for investors.
If you’re sick of working remotely, you may be in luck thanks to new technologies implemented at offices.
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..
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.
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.
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.
Global engineering firm Syska Hennessy plans to move its West Coast regional headquarters in July to an office tower in downtown Los Angeles.
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.
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.
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.
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 remaining six feet apart.
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.
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 Capital Partners creates a one-of-a-kind showcase of the future of office space
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.
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.”
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...
REAL ESTATE: Trio looks to fill Citibank Center offices. Downtown veterans look to build on legacy by reviving office space at Citibank Center.
