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.

Coretrust affiliate Coretrust Investment Management, LLC is a Registered Investment Advisor.

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Coretrust acquires outdated trophy office properties in prime urban locations and reinvents those assets to meet the needs of modern tenants.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 35+ years of experience, complementary skillsets, and more than 20 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 has grown from 400,000 SF and $56 million of gross assets in 2014 to 4.0 MSF and $1.4 billion gross assets at year – end 2018, which equates to $299 million of regulatory assets under management.

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

2018

Coretrust Value Fund I (CVFI) is fully invested with acquisition of Corporate Center Pasadena.

Coretrust Management assists Korea Investment Management, Co., Ltd. (KIM) acquisition of Five Crescent Drive (Philadelphia)

2017

CVFI upsized to $290 million

2016

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

Coretrust establishes an Asset Management advisory capability to assist KIM acquisition of Cira Square (Philadelphia)

Coretrust closes additional $50 million in CVFI.

2015

Coretrust closes $200 million 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

35+

Years experience of three founding principals

20+

Years principals have worked together

Capital Markets Experience

$5

Gross assets principals have acquired and operated

$5.2

Debt principals have placed on properties

Asset Management Experience

8.7

Leases executed by principals

10.5

LEED certified by principals

Development / Entitlement Experience

26.9

Entitlements and development by principals

7.1

Heavy re-development by principals

John R. Sischo
MANAGING PRINCIPAL
CAPITAL MARKETS & INVESTMENTS

36

YEARS OF INDUSTRY EXPERIENCE

21

YEARS WORKING TOGETHER

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Randall L. Scott
MANAGING PRINCIPAL
ASSET & PROPERTY MANAGEMENT

42

YEARS OF INDUSTRY EXPERIENCE

32

YEARS WORKING TOGETHER

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Thomas S. Ricci
MANAGING PRINCIPAL
DEVELOPMENT & CONSTRUCTION

39

YEARS OF INDUSTRY EXPERIENCE

32

YEARS WORKING TOGETHER

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Robert D. Morgan
EXECUTIVE VICE PRESIDENT
CHIEF FINANCIAL OFFICER

30

YEARS OF INDUSTRY EXPERIENCE

19

YEARS WORKING TOGETHER

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Esther N. Garrison
VICE PRESIDENT
CONTROLLER

21

YEARS OF INDUSTRY EXPERIENCE

12

YEARS WORKING TOGETHER

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Adam Z. Lurie
VICE PRESIDENT
CAPITAL MARKETS & INVESTMENTS

12

YEARS OF INDUSTRY EXPERIENCE

5

YEARS WORKING TOGETHER

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William (Spike) A. Whitney
VICE PRESIDENT
ASSET MANAGEMENT

9

YEARS OF INDUSTRY EXPERIENCE

2

YEARS WORKING TOGETHER

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Christopher J.  Condon
VICE PRESIDENT
DEVELOPMENT & CONSTRUCTION

19

YEARS OF INDUSTRY EXPERIENCE

1.5

YEARS WORKING TOGETHER

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Leslie Y. Bradford
SENIOR MANAGER
ACCOUNTING & FINANCIAL SYSTEMS

21

YEARS OF INDUSTRY EXPERIENCE

2

YEARS WORKING TOGETHER

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Edna E. Bundang
ACCOUNTING
MANAGER

16

YEARS OF INDUSTRY EXPERIENCE

2

YEARS WORKING TOGETHER

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Evan J. Deems
ASSOCIATE
CAPITAL MARKETS & INVESTMENTS

5

YEARS OF INDUSTRY EXPERIENCE

2

YEARS WORKING TOGETHER

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Jenny Godoy
STAFF
ACCOUNTANT

19

YEARS OF INDUSTRY EXPERIENCE

2

YEARS WORKING TOGETHER

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Caroline R. Sischo
ANALYST

1

YEARS OF INDUSTRY EXPERIENCE

1

YEARS WORKING TOGETHER

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Zack G. Beauchamp
ANALYST

1

YEARS OF INDUSTRY EXPERIENCE

1

YEARS WORKING TOGETHER

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Samantha K. Smith
WORKPLACE INNOVATION
LAB COORDINATOR

1

YEARS OF INDUSTRY EXPERIENCE

1

YEARS WORKING TOGETHER

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Coretrust Hacks the Highrise at 444 South Flower

May 10, 2019 | Urbanize Los Angeles

Coretrust Capital Partners creates a one-of-a-kind showcase of the future of office space

Coretrust cures “sick buildings” with fresh air.

May 3, 2019 | Fast Company Article

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

March 6, 2019 | Podcast

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

February 20, 2019 | Case Study

 

Workplace Innovation Lab

October 12, 2018 | Workplace Innovation

A Good Time Was Had by All!

July 17, 2018 | Press Release

   

Landlord Uses Legos to Lure Brokers to Downtown Highrise

June 13, 2018 | Los Angeles Market Reporter
Los Angeles Market Reporter 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...

Coretrust Orders Lego Version of Citigroup Center

June 4, 2018 | Los Angeles Business Journal
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...

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

May 23, 2018 | Los Angeles Business Journal
Downtown real estate investment firm Coretrust Capital Partners has purchased Pasadena’s largest office campus, the six-acre Corporate Center Pasadena, according to the company. Coretrust bought the four-building property at 201,...

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

May 8, 2018 | Press Release
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...

Featured in the Philadelphia Business Journal on March 24, 2017

March 24, 2017 | Philadelphia Business Journal
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....

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

February 17, 2017 | Los Angeles Times
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,...

Downtown Veterans Aim to Scale Skyscraper

February 10, 2017 | Los Angeles Business Journal

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

October 28, 2016 | Philadelphia Business Journal
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...

Coretrust Acquires Control of Iconic Two Liberty Place in Philadelphia

October 17, 2016 | Business Wire
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...

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

March 23, 2016 | Press Release
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...

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

October 14, 2015 | Press Release
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...