Westcore Properties

Westcore Properties is an international real estate acquisitions firm with a specialized focus on well-located multi-tenant industrial and office properties. We are a vertically integrated company with expertise in all facets of real estate investment management: finance, leasing, redevelopment, construction and building operations. Team Strength With extensive market knowledge and deep industry relationships, our team has a proven ability to consistently provide above-market, risk-adjusted returns through experienced asset management and operating strategies. Institutional Capability Our financial strength allows us to work effectively with financial partners and intermediaries world-wide to minimize risk while enhancing asset value and investor returns. Entrepreneurial Execution Agile and creative, our team acts quickly upon new opportunities and implements inspired solutions to the most complex transactions. Exceptional Performance Of more than $3 billion in assets under management, we have sold over 15.4 million square feet of real estate, generating an unlevered IRR of 25 percent. Westcore Properties demonstrates a clear ability to identify and capitalize on opportunities that others have overlooked. Our targeted and disciplined investment approach coupled with the deep market knowledge of our professionals, allows us to grow our portfolio with properties that offer tremendous upside potential. Our relationships with the best leasing experts in each market, along with our own ability to identify and attract strong credit tenants, is a key driver of our success. Investment Criteria Our investment emphasis is on: Value-add and core-plus acquisitions Sale-leaseback transactions Distressed note purchases Complex transactions/seller circumstances Infill locations in primary/secondary markets Opportunities to increase net operating income/mitigate risk

Real Estate Specialization
Office
Industrial
Storage
Investment Type
Acquisition/Fee Simple
Investment Style
Core
Value-add
Opportunistic
Typical Deal Size
$5,000,000 - $10,000,000
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Founder and Chairman

Marc Brutten

Marc Brutten is founder and chairman of Westcore Properties. Since the company’s inception in 2000, Marc has overseen its strategic investment in office, retail and industrial properties in key markets around the world--building its current portfolio to over 24 million square feet and over $2 billion in total asset value. Marc is recognized as one of the most prolific commercial real estate investors on the west coast. Over the past 30 years, he has facilitated more than $3 billion in property acquisitions totaling over 750 buildings and 39 million square feet. He has been particularly successful in the acquisition of portfolios and properties that require repositioning and aggressive management in order to function more successfully in their respective environments. Prior to forming Westcore Properties, Marc was president of Shidler West, Inc. Under his direction, the company's industrial portfolio grew to more than 11.3 million square feet and the company’s asset value grew from $20 million to $800 million. Marc started measuring his investment performance in 1993 and over the last 19 years his audited unlevered investment return is 22% per annum. Marc is involved in numerous professional and community organizations including the Urban Land Institute (ULI), National Association of Industrial and Office Properties (NAIOP), Society of Industrial and Office Realtors (SIOR), the International Council of Shopping Centers (ICSC), New Children's Museum (where he is a board member), and California Republic Bank (where he is a director). Marc is also a member of the Burnham-Moores Center for Real Estate's Policy Advisory Board Executive Committee at USD. Prior activities have included serving as a board member with the San Diego Community Foundation Real Estate Board, Ritz Camera and the University of California alumni, where he was a University Trustee. Marc is a graduate of University of California, San Diego.

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President and Chief Executive Officer

Donald Ankeny

As president and CEO of Westcore Properties, Don Ankeny presides over the company’s domestic portfolio of office and industrial properties, which currently totals more than 9.5 million square feet. Additionally, Don plays a key role in the company’s business strategy, utilizing his strong real estate and capital markets’ expertise to grow the company’s investment and operating platform. Don’s real estate background includes starting and overseeing the real estate group of Robertson Stephens, a global investment banking firm that was acquired by Bank of America and later by Bank Boston. Under his leadership, the firm was engaged in many of the country’s most significant public and private real estate transactions. Prior to Robertson Stephens, Don was a partner with Trammell Crow Company where he was responsible for the development of some of the most prestigious properties in Minneapolis, Minnesota. Don joined Westcore Properties in 2005. Since then, the company has grown to include 50 employees and is recognized for its institutional capability and creative, entrepreneurial solutions to the most complex transactions. Don graduated cum laude from Dartmouth College with a distinction in economics. He also holds an MBA from the Stanford Graduate School of Business.

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Senior Vice President, Acquisitions and Leasing

Hack Adams

Hack Adams is responsible for overseeing all leasing activities for Westcore Properties’ Southern California and AFR portfolios. Hack brings over 14 years of real estate leasing and development management experience to his position at Westcore. Most recently, he was a partner and director of marketing with Murphy Development Company in San Diego where he managed all aspects of development for a 2.1-million-square-foot industrial park including leasing and sales negotiations. He also oversaw entitlement and land use planning for future developments, and handled asset management for 1.2 million square feet of multi-tenant industrial space for ING Clarion Partners. Previously, Hack was a leasing manager for Westfield America (NYSE: WEA), one of California’s largest retail development companies. He has also held positions with Realty Income Corporation (NYSE: O) and Retail Insite Commercial Real Estate. Hack’s professional and community affiliations including serving on the board of directors for several organizations including the San Diego chapter of the Society of Industrial and Office Realtors (SIOR), San Diego Developing Leaders Liaison for the National Association of Industrial and Office Parks (NAIOP), and the Coggan Family Aquatic Complex. He graduated from the University of North Carolina, Chapel Hill, with a bachelor’s degree in history.

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Joehn Refley

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President

Don Ankeny

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Human Resources Director

Adriana Haefner

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Senior Manager

Sabrina Houlberg

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Real Estate Development

Mike Metzger

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Lauren Suazo

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Senior Vice President

Steve Mckibben

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Chief Operating Officer

Matthew Bateman

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Vice President Finance

Michael Helms

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Director Of Construction

David Armstrong

Almanac Realty Investors

Key Focus Areas
Acquisitions Asset Management Capital Markets Construction Development Property Management
Geographical Area
Mapped Location