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Coretrust acquires outdated trophy office properties in prime urban locations and reinvents those assets to meet the needs of modern tenants.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

2018

Coretrust Value Fund I (CVFI) is fully invested with acquisition of PASARROYO.

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 Korea Investment Management, Co., Ltd. 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

40+

Years experience of three founding principals

34+

Years principals have worked together on average

Capital Markets Experience

$5

Gross assets principals have acquired and operated

$5.2

Debt principals have placed on properties

Asset Management Experience

10.5

Leases executed by principals

13.1

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
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

July 8, 2022 | Video

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

May 10, 2022 | PR Newswire

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

April 27, 2022 | PR Newswire

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

February 10, 2022 | Video

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

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

December 20, 2021 | Construction Tech Review

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

Coretrust’s Bi-Polar Ionization to Purify Elevator Air

November 30, 2021 | Construction Tech Review

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

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

July 7, 2021 | abc7

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

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

July 6, 2021 | PR Newswire

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

July 2, 2021 | Spectrum News 1

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

July 1, 2021 | Los Angeles Business Journal

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

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

May 4, 2021 | CoStar

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

April 27, 2021 | Syska Hennessy

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

April 23, 2021 | Associated Press

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

May 11, 2020 | Los Angeles Business Journal

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

May 8, 2020 | Los Angeles Times

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 and Connectivity Wireless Create Smart Building at FourFortyFour South Flower

September 24, 2019 | Yahoo Finance

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

September 23, 2019 | BBC Wires

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

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 PASARROYO, according to the company. Coretrust bought the four-building property at 201, 225, 251...

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...