Cress Capital
Cress Capital is a privately held multi-strategy real estate operator, investor, and fund manager founded in 2012 that invests in industrial and office properties across the Western U.S. and manages Opportunity Zone funds through its RevOZ Capital joint venture, serving institutional and high-net-worth investors.
- Company typePrivate
- Founded2012
- HeadquartersNewport Beach, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Cress Capital does
Cress Capital LLC is a privately held, multi-strategy real estate operator, investor, and fund manager founded in 2012 and headquartered in Newport Beach, California, with a secondary office in Denver, Colorado. The firm invests and develops industrial and office properties across the Western U.S. — Southern California and Colorado in particular — and also runs a national Opportunity Zone investment business through the RevOZ Capital joint venture formed in 2018 with Raj Capital. The Opportunity Zone vertical manages Qualified Opportunity Funds that deploy capital across designated OZ census tracts throughout the United States, providing investors with capital gains deferral, reduction, and potential elimination through compliant fund structures. Over the firm's history, the principals have invested more than $2 billion in commercial real estate spanning 20 million square feet, while Cress and its affiliates have deployed over $250 million of equity in transactions exceeding $1 billion of total capitalization.
The firm pursues a value-add investment philosophy centered on acquiring mispriced assets, repositioning or developing them, and timing exits to capture superior risk-adjusted returns. Recent acquisitions include The 410, a 24-story approximately 440,000 sq ft office tower in Downtown Denver acquired in May 2024, and a 122,904 sq ft industrial property in Baldwin Park, California acquired jointly with Brasa Capital Management in October 2023. Cress distributes its investment products directly to institutional investors and high-net-worth individuals through managed funds, direct co-investment opportunities, and an investor login portal — there is no intermediary or placement-agent layer. The firm also relies on off-market deal sourcing through long-standing local relationships and repeat partnerships with operators such as TA Realty, Revesco Properties, Roxborough Group, and PacVentures.
Revenue is generated through two primary streams: (1) fund management fees and carried interest on Opportunity Zone and other real estate investment vehicles, and (2) returns from direct property acquisition, repositioning, and disposition for own account and alongside JV partners. Marketing is conducted primarily through PRNewswire distribution, trade-publication coverage (Bisnow, GlobeSt, CoStar, The Real Deal), and the firm's own website. The firm is led by Managing Partners Tom Parnell and Ryan Parkin (the founders), with Principal Wade Doidge leading Denver-based asset management and acquisitions.
Cress Capital firmographics
Firmographics- Name
- Cress Capital
- Legal name
- Cress Capital LLC
- Website
- https://cresscapital.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Cress Capital is a privately held multi-strategy real estate operator, investor, and fund manager founded in 2012 that invests in industrial and office properties across the Western U.S. and manages Opportunity Zone funds through its RevOZ Capital joint venture, serving institutional and high-net-worth investors.
- Ownership category
- akta.pro rank
Cress Capital industry classification
Industry- Product category
- Commercial Real Estate Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
Keywords
Where Cress Capital is headquartered
LocationHeadquarters
- HQ city
- Newport Beach
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Cress Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Fund Management Fees: Cress Capital manages Opportunity Zone funds and other real estate investment vehicles, generating revenue through management fees and carried interest on fund returns.
- Asset Investment Returns: As an operator and direct investor, Cress Capital acquires, repositions, and sells commercial real estate assets for its own account and alongside partners, generating returns through property appreciation, leasing income, and exit proceeds.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Cress Capital product offering
Product offeringCore offering
Cress Capital is a multi-strategy real estate operator, investor, and fund manager that acquires, repositions, develops, and sells industrial and office properties in the Western U.S. for its own account and alongside co-investment partners. The firm also manages an Opportunity Zone investment business through its RevOZ Capital affiliate, raising Qualified Opportunity Funds that have capitalized over $1 billion of OZ projects nationally.
Product overview
Cress Capital operates as a multi-strategy real estate investment firm offering two core product lines: (1) Industrial & Office Investment Management, which involves direct acquisition, development, and value-add repositioning of industrial and office properties across the Western U.S., and (2) an Opportunity Zone Investment Business that manages Qualified Opportunity Funds providing tax-advantaged investment opportunities. The firm also maintains an affiliate brand, RevOZ Capital, a joint venture with Raj Capital formed in 2018 that has raised OZ funds and capitalized over $1 billion in Opportunity Zone projects. The firm's investment philosophy centers on acquiring mispriced assets, adding value through repositioning or development, and knowing when to sell.
Differentiator
Problem solved
Functional benefit
Brands
- RevOZ Capital: Opportunity Zone investment company formed in partnership with Raj Capital, which raised Opportunity Zone funds and helped capitalize over $1 billion of Opportunity Zone projects throughout the U.S.
Quantifiable outcome
- Over $2 billion invested by principals in commercial real estate totaling 20 million square feet
- +2 more outcomes
Companies that use Cress Capital
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Cress Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cress Capital partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Brasa Capital ManagementcoreCress Capital and Brasa Capital Management jointly acquired a 122,904 sq ft three-building multi-tenant industrial property in Baldwin Park, Los Angeles County, California. The partnership combines Cress's investment platform with Brasa's middle-market investment philosophy targeting assets with long-term growth potential.
- The Roxborough GroupcoreAffiliates of The Roxborough Group and Cress Capital jointly acquired 4331 Eucalyptus Avenue in Chino, CA — a 100,615 sq ft industrial building. The acquisition was made through Roxborough Fund III, L.P., a $518-million discretionary fund. This was Roxborough's first industrial investment and second investment in the Inland Empire.
- Revesco PropertiesminorCress Capital, in partnership with Revesco Properties, purchased Orchard Pointe, a 120,873 sq ft office building in Greenwood Village, CO. Cress sourced and led the transaction and handles asset management; Revesco provides property management services through its subsidiary, Revesco Property Services.
- PacVentures Inc.minorCress Capital, in conjunction with PacVentures Inc., acquired a 30-acre property in Southern California's Inland Empire encompassing two industrial buildings totaling 310,000 sq ft and a 10-acre excess land parcel, in an off-market transaction.
- RevOZ CapitalcoreIn 2018, Cress Capital partnered with Raj Capital to form RevOZ Capital, an award-winning Opportunity Zone investment company. RevOZ Capital raised a series of Opportunity Zone funds and helped capitalize over $1 billion of Opportunity Zone projects throughout the U.S. RevOZ Capital is a Cress affiliate and is listed as an investment maker on the Cress Capital investments page.
- Raj CapitalcoreRaj Capital partnered with Cress Capital in 2018 to form RevOZ Capital, an Opportunity Zone investment company. Raj Capital is the co-founding partner of the RevOZ Capital platform.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Cress Capital competitors and assessment
Company assessmentDirect peers
- TA Realty & Development Trust: Private, multi-strategy U.S. commercial real estate investment manager focused on office and industrial. Cress has both acquired assets from TA Realty (Orchard Pointe) and partnered with the firm, reflecting directly comparable strategy, asset class mix, and LP channel.
- The Roxborough Group: Private Western U.S.-focused commercial real estate investor and fund manager (e.g., Roxborough Fund III, $518M). Cress has partnered with Roxborough on industrial acquisitions in California, indicating directly comparable mandate, geography, and value-add repositioning playbook.
- Brasa Capital Management: Middle-market private real estate investment manager targeting assets with long-term growth potential. Cress and Brasa jointly acquired a 122,904 sq ft industrial property in Baldwin Park in 2023, evidencing directly comparable asset focus, size, and investor base.
- Revesco Properties: Private Denver-based commercial real estate owner/operator providing property management through Revesco Property Services. Cress partnered with Revesco to acquire Orchard Pointe and continues to engage the firm for property management, a directly comparable operating model.
- Westcore Properties: Private industrial-focused commercial real estate investment and operating company headquartered in Southern California. Comparable to Cress in Western U.S. industrial concentration, mid-market acquisition size, and value-add repositioning strategy.
- EverWest Real Estate Investors: Denver-headquartered private commercial real estate investment manager (successor to Alliance Commercial Partners, where Wade Doidge previously served). Directly comparable to Cress in Western U.S. office/industrial focus, sponsor profile, and LP base.
- Sterling Organization: Private, vertically integrated commercial real estate investment firm focused on U.S. retail and industrial assets, including significant Western U.S. exposure. Comparable to Cress in private operating-platform structure, value-add repositioning playbook, and institutional LP fundraising.
- RevOZ Capital: Award-winning Opportunity Zone investment company co-founded by Cress Capital and Raj Capital in 2018 that has capitalized over $1B of OZ projects. Directly comparable OZ fund management platform with similar LP base and tax-advantaged CRE strategy.
Broad incumbents
- Principal Real Estate Investors: Large, global institutional real estate investment manager affiliated with Principal Financial Group. Cress purchased a five-building Cerritos Towne Centre portfolio for $89.5M from Principal, reflecting a comparable commercial real estate strategy but at meaningfully larger scale and broader asset/geographic coverage.
- GreenOak Real Estate: Established private commercial real estate investment manager with U.S. and European mandates across office, industrial, and logistics. Comparable to Cress in commercial real estate investment management model, but at meaningfully larger AUM scale and broader geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Cress Capital social profiles
Digital presenceCress Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cress Capital leadership team
Management profileNumber of profiles
Profiles3 records
Cress Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Cress Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cress Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cress Capital
What does Cress Capital do?
Cress Capital is a multi-strategy real estate operator, investor, and fund manager that acquires, repositions, develops, and sells industrial and office properties in the Western U.S. for its own account and alongside co-investment partners. The firm also manages an Opportunity Zone investment business through its RevOZ Capital affiliate, raising Qualified Opportunity Funds that have capitalized over $1 billion of OZ projects nationally.
Is Cress Capital a public or private company?
Cress Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cress Capital founded?
Cress Capital was founded in 2012. It employs 1 to 10 people.
Where is Cress Capital based?
Cress Capital is headquartered in Newport Beach, United States, in the North America region.
How does Cress Capital make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are asset Investment Returns.
Who are Cress Capital's main competitors?
Direct peers on record are TA Realty & Development Trust, The Roxborough Group, Brasa Capital Management, Revesco Properties, Westcore Properties, EverWest Real Estate Investors, Sterling Organization and RevOZ Capital. Broad incumbents are Principal Real Estate Investors and GreenOak Real Estate.
Does Cress Capital have an API?
No public API is recorded for Cress Capital.
What industry is Cress Capital in?
Cress Capital's product category is Commercial Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 523940 and its SIC code is 6532.