Coretrust targets large, well-located, architecturally distinct office properties in leading US markets. Target properties are typically aging or poorly positioned. Coretrust has a successful track record of identifying, acquiring, and repositioning under-performing Class A/Trophy assets.
Coretrust invests in select transit-oriented, amenitized urban markets with strong demand drivers.
Additional Target Markets
- Northern California
- Washington D.C./Northern Virginia
- Southern California
The Coretrust re-positioning approach involves all aspects of a property, from its architecture, environmental systems and operating dynamics to its branding and market presentation.
Coretrust drives rents and occupancy through deep Value Add programs focused on capital improvements, operational improvements, and the addition or enhancement of tenant amenities.
Our entire re-positioning process is guided by our tenant customer expectations; they are at the center of everything we do.
Coretrust teams strive to deliver excellence in customer service and utilize innovative technology to enhance tenant satisfaction. We design plazas, lobbies and other building public spaces as areas of engagement, collaboration and relaxation. Conference and fitness centers, carefully chosen retail concepts and public art provide welcome amenities, while our customer experience program creates a vibrant work lifestyle and sense of community for all.
Coronavirus (COVID-19) and Wellness Beyond the Pandemic
Our Commitment to Healthy Buildings and Response to the Pandemic
Coretrust strives to create a premier experience by curating a welcoming environment that will contribute to the long-term success of its tenant customers. Our commitment to operational excellence is rooted in our understanding that the most important attribute of each building we own and manage is the group of people who work there. Simply put, our customers are at the center of everything we do. Moreover, our investors have trusted us as their fiduciary, and we believe one of the best ways to ensure the value of their investments is to create buildings where health and wellness are paramount.
At the onset of the COVID-19 pandemic, Coretrust proactively initiated a variety of capital and operational improvements intended to enhance the health and wellness of its properties. We also increased regular communication with our tenant customers to share CDC updates and state and local health department advisories, as well as information regarding building status and occupant well-being. Below are some of the health and wellness improvements we have implemented across our portfolio of office buildings:
- Touchless destination dispatch
- Elevator cab air purification via ion generator or UV lamp
- Elevator distancing graphics and codes of conduct
- Continuous outside air ventilation at maximum levels per equipment specifications
- HVAC purification system interface and controls
- Increased operating hours and fresh air purges
- Touchless fixtures in restrooms
- Automatic doors
- SafeHandlesTM or NanoSeptic film installed on common door handles for continuous disinfecting
- Touchless parking garage entry
- Touchless security access for visitors
- Ultraviolet Germicidal Irradiation (“UVGI”) in-duct air purification system
- Highest Minimum Efficiency Reporting Value (“MERV”) air filter ratings in accordance with HVAC equipment specifications
- Air handler interior/coil disinfection, which will continue on a quarterly basis
- Wayfinding signage to reduce pinchpoints and queuing
- New signage posted throughout properties providing information and reminders regarding distancing and hygiene
- Tenants provided “Working Together For A Healthy Workplace” presentation for each property, reopening tenant employer responsibility letter, and OSHA and CalOSHA guides
- Increased daytime cleaning, including more frequent cleaning throughout the day of high touch surfaces and high traffic areas
- Non-routine cleaning in customer spaces as requested
- Hospital-grade cleaning products and processes
- Periodic electro-static fogging in common area restrooms
Coretrust also engaged a global safety science leader, to evaluate the indoor air and environmental quality of our properties, to provide recommendations for additional improvements, and to verify and certify the air and water quality within our buildings. We are pleased to announce that FourFortyFour South Flower in downtown Los Angeles has become the first building globally to achieve UL’s Verified Healthy Buildings Mark for Indoor Air and Water Quality. Read the article here.
Coretrust has been mindful of Indoor Environmental Quality (IEQ) since we purchased our first property in Fund I in October 2016, though the team’s history of dedication to sustainability and safe building environments dates to the late 1990s when the Coretrust principals developed the California EPA headquarters in Sacramento while serving as executives at a predecessor firm. Coretrust will remain vigilant in its response to all environmental conditions. At each building, all major departments – Engineering, Security and especially Housekeeping – have been working to create a clean and healthy environment for our building occupants.
As part of our commitment to continuous improvement, Coretrust is pursuing GBAC STAR (Global Biorisk Advisory Council) and WELL Health-Safety Rating certifications for all three Fund I properties. We expect to achieve all certifications for each Fund I property by mid-2021. In addition, we are seeking LEED certification for Two Liberty Place, which we also anticipate receiving by mid-2021. Coretrust’s FourFortyFour South Flower and Pasarroyo properties are already LEED Gold Certified. By achieving and maintaining these standards, we continue to provide assurance that world-class building environmental practices and controls are in place, properly maintained, and continuously improved.
To view the COVID-19 plan at each Coretrust property, use the following links: