What Westcore Properties does

Westcore Properties is a fully-integrated industrial real estate investment firm founded in 2000 and headquartered in San Diego, California. The company acquires, develops, repositions, and manages Class A warehouse, distribution, and manufacturing facilities, with a portfolio spanning more than 1,750 buildings and 150 million square feet across California, Texas, and Arizona, and cumulative transaction volume exceeding $14 billion since inception. Tenants are reached through a combination of direct long-term leasing and major commercial real estate brokers including CBRE, Cushman & Wakefield, and JLL; the in-house property management team and a dedicated tenant portal (Cafe) support operational delivery and tenant retention.

The firm generates revenue from three primary streams: capital gains on the acquisition and disposition of industrial assets, recurring rental income from long-term leases, and development/construction economics on ground-up projects such as Hesperia Commerce Center (1.2M+ SF) and the Woodland warehouse repositioning (516K SF). A fund business, historically anchored by Almanac Realty Investors ($200M in 2011, $337.5M in 2016), provides institutional capital that funds acquisitions and adds management-fee revenue. New CEO Andy Burke (ex-Tishman Speyer, 14-year Terreno Realty veteran) succeeded Don Ankeny in 2025 with an explicit mandate to broaden capital relationships and pursue additional U.S. markets. ESG initiatives — 81% LED-equipped portfolio and 14% energy reduction across 59% of assets since 2020 — increasingly factor into tenant and LP selection.

Westcore is a private, for-profit firm with 101-250 employees. There is no proprietary technology platform; the company's competitive position rests on capital scale, an experienced industrial team, broker relationships, and the integration of acquisition, development, and property management under one roof. Active 2025 expansion into Phoenix ($90.7M Deer Valley campus), Dallas (1.1M SF portfolio), and Fort Worth (160K SF) signals a continuing multi-market growth strategy.

Name

Westcore Properties

Legal name

Westcore

Website

https://westcore.net

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Westcore Properties is a fully-integrated industrial real estate investment firm that acquires, develops, and manages Class A warehouse, distribution, and manufacturing facilities across California, Texas, and Arizona, serving industrial tenants and institutional capital partners since 2000.

Ownership category

akta.pro rank

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Acquisition and Disposition: Acquiring industrial properties for investment and selling them for capital gains. Core investment strategy involves buying underperforming assets, repositioning them, and selling at higher valuations.
2. Tenant Leasing / Rental Income: Long-term leasing of industrial warehouse, distribution, and manufacturing space to tenants. In-house property management ensures tenant retention and operational performance.
3. Development and Construction: Ground-up development of industrial facilities and repositioning of existing properties. Generates development fees and enhanced property values.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Westcore Properties is a fully-integrated industrial real estate investment firm that acquires, develops, leases, and manages Class A warehouse, distribution, and manufacturing properties across key U.S. logistics markets. The company operates an in-house property management platform and raises capital through institutional investment funds. Since 2000, Westcore has executed more than $14 billion in transactions across 1,750+ buildings and 150+ million square feet in California, Texas, and Arizona.

Product overview

Westcore Properties is a fully-integrated industrial real estate investment firm operating as a single, unified platform rather than a modular product architecture. The core offering centers on its Industrial Property Portfolio, which encompasses acquisition, development, leasing, and management of Class A industrial properties across major US markets. Supporting the portfolio are complementary services including the Tenant Portal (Cafe) for tenant-facing operations, in-house Property Management Services for responsive tenant support, and ESG & Sustainability Services for environmental performance tracking and reporting. The portfolio includes notable properties such as Hesperia Commerce Center (1.2M+ SF), Woodland warehouse repositioning (516K SF), and the recently acquired Phoenix industrial campus ($90.7M).

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Property Portfolio
• Property Acquisition & Development
• Property Management Services
• Industrial Real Estate Fund Investments

Quantifiable outcome

• 81% of portfolio now LED-equipped
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, minor and supporting.

• CBREcoreChannel Partner/ Reseller/ DistributorMajor commercial real estate broker representing tenants and landlords in industrial transactions. CBRE brokers Bob Steinbock, Brian Matteoni, Todd Sanfilippo involved in multiple Westcore transactions including Rivian lease in San Jose and Woodland warehouse leasing.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCommercial real estate services firm with brokers Chris Errecart, Mike Mourdant, Daniel Marsh, Matt Goldstein involved in Westcore's Rivian lease transaction in San Jose.
• JLL (Jones Lang LaSalle)coreChannel Partner/ Reseller/ DistributorCommercial real estate broker Mike Metzger at JLL handling leasing for Westcore's Woodland warehouse (516,000 SF) repositioning project.
• Trees for HoustonminorOthersNonprofit organization that has been transforming Houston's landscape for over 40 years by planting and maintaining thousands of trees across the region. Westcore contributes to their mission supporting environmental stewardship.
• HPA ArchitecturecoreStrategic or Co-development PartnerArchitecture firm involved in design of Hesperia Commerce Center, a 1,227,600 SF three-building industrial development that is now fully leased.
• Fullmer ConstructioncoreStrategic or Co-development PartnerConstruction firm that built Hesperia Commerce Center, Westcore's 1,227,600 SF three-building industrial development.
• Covington GroupsupportingStrategic or Co-development PartnerPartner involved in successful development of Hesperia Commerce Center, Westcore's 1.2M SF industrial facility.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Terreno Realty Corporation: Public industrial REIT (NYSE: TRNO) focused on acquiring, developing, and operating industrial properties in six major U.S. coastal markets. Westcore's new CEO spent 14 years at Terreno, making it the closest direct peer in strategy, geography overlap, and asset profile.
• Rexford Industrial Realty: Public industrial REIT (NYSE: RXR) focused exclusively on infill Southern California industrial properties. Directly comparable to Westcore on infill Last-Mile industrial strategy, Class A repositioning, and Southern California market exposure.
• EastGroup Properties: Public industrial REIT (NYSE: EGP) focused on Sunbelt markets including Texas, Arizona, Florida, and the Carolinas. Highly comparable to Westcore on Sunbelt geographic focus, multi-tenant distribution and light industrial assets, and value-add development strategy.
• First Industrial Realty Trust: Public industrial REIT (NYSE: FR) operating a diversified U.S. industrial portfolio across 15 major markets including Southern California, Texas, and Phoenix. Comparable to Westcore on institutional acquisition, development, and leasing of Class A bulk and light industrial facilities.
• STAG Industrial: Public industrial REIT (NYSE: STAG) focused on single-tenant industrial properties across the U.S. Compares to Westcore on industrial acquisition strategy and long-term net-lease tenant relationships, though STAG skews more single-tenant and smaller-bay.
• Dermody Properties: Private national industrial real estate developer and investor focused on logistics and distribution facilities. Comparable to Westcore on private industrial development, fund-based capital structure, and Class A logistics build-to-suit activity.
• Crow Holdings Industrial: Private industrial investment and development platform backed by Crow Holdings Capital. Comparable to Westcore on Texas and Sunbelt industrial development, institutional LP relationships, and integrated investment-management platform.
• CenterPoint Properties: Private industrial real estate investment company focused on port-adjacent and infill logistics properties, owned by CenterPoint Asset Management. Comparable to Westcore on Class A industrial investment, repositioning, and long-term institutional capital model.

Broad incumbents

• Prologis: The world's largest industrial REIT (NYSE: PLD) with a global logistics real estate platform. Direct overlap with Westcore on warehouse, distribution, and e-commerce fulfillment assets in California, Texas, and Arizona, but with vastly greater scale and public-market capital access.
• Duke Realty (Industrial): Major U.S. industrial REIT (formerly NYSE: DRE) acquired by Prologis in 2022. Historically a directly comparable industrial peer to Westcore in bulk logistics, with operations in California, Texas, and Arizona before the Prologis combination.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/westcore_realty
• Xx.com/westcore
• LinkedInlinkedin.com/company/westcore-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westcore Properties