What PacTrust does

PacTrust (legal name Pacific Realty Trust) is a privately held commercial real estate owner and developer headquartered in Portland, Oregon, operating a 14.5 million square foot portfolio of office, industrial, flex, and retail properties across Oregon, Washington, Northern California, Austin, Texas, and the Washington D.C./Maryland area, with over 200 acres of undeveloped land held for speculative and build-to-suit development. The company traces its origins to a 1972 US Bancorp-sponsored REIT, went private via a KKR-led management buyout in 1983, and restructured in 1988 into its current limited partnership form with the Washington State Investment Board (WSIB) and Oregon Public Employees Retirement System (OPERS) as limited partners and PacTrust employees and KKR principals as general partner owners.

The business generates revenue through commercial leasing under NNN (Triple Net) and Full Service structures, property management services, and land development partnerships, supported by in-house site selection, design, construction, leasing, and property management teams operating from three regional offices in Portland, Vancouver (WA), and Carmel (CA). Its customer base spans enterprise technology tenants in the Hillsboro/Sunset Corridor cluster, retail anchors in shopping centers, life sciences users, and government tenants, with sustainability capabilities including LEED Accredited Professionals and a LEED Platinum delivery track record at the Banfield Pet Hospital corporate headquarters.

PacTrust competes as a long-duration, conservatively levered regional landlord rather than a high-growth developer, with sub-brands including Columbia Tech Center (a 430+ acre Vancouver, WA mixed-use development), Washington High School (creative office/retail redevelopment in Portland), Sunrise Business Park, and PacTrust Business Center. The company does not disclose revenue, has no public listing, and shows no AI/ML capability investment; its strategic posture emphasizes stable tenant relationships, ESG-aligned building operations, and selective portfolio acquisitions (most recently PAC/SIB assets in 2013) over rapid expansion.

Name

PacTrust

Legal name

Pacific Realty Trust

Website

https://pactrust.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

PacTrust is a privately held Pacific Northwest commercial real estate owner and developer operating 14.5 million square feet of office, industrial, flex, and retail space across five states, serving enterprise tenants through direct leasing, build-to-suit development, and property management.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Real Estate (5311), Rental and Leasing Services (532), Land Subdivision (23721)

SIC

Real Estate (6500), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

akta.pro secondary industry

Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)

Keywords

• Commercial real estate
• Property leasing
• Real estate development
• Property management
• Mixed-use development

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Leasing: PacTrust generates revenue primarily through leasing office, industrial, flex, and retail spaces to commercial tenants. Lease types include NNN (Triple Net) and Full Service. Rental income is derived from monthly/annual rent payments based on square footage.
2. Land Development: Development of undeveloped land for speculative and build-to-suit opportunities. Revenue generated from land sales or long-term development partnerships.
3. Property Management Services: Full-service property management including maintenance, repairs, and tenant services for their owned portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PacTrust develops, owns, and leases commercial real estate — office, industrial, flex, and retail space — across the Pacific Northwest and select markets in California, Texas, and Maryland. The company also delivers full-service property management for its owned portfolio and develops mixed-use master-planned communities such as Columbia Tech Center, with current operations spanning more than 14.5 million square feet of operating properties and over 200 acres of undeveloped land.

Product overview

PacTrust is a Pacific Northwest commercial real estate owner and developer offering office, industrial, flex, and retail space leasing, property management, and development services. The company manages over 14.5 million square feet of operating properties across Oregon, Washington, California, Texas, and Maryland, with approximately 200 acres of undeveloped land. PacTrust operates several distinct property portfolios including Columbia Tech Center, Pacific Corporate Center, Oregon Business Parks I/II/III, Gateway Shopping Center, Mill Creek Corporate Center, and various other industrial and office properties. The company also maintains partnerships in hospitality (Sunriver Resort, Crosswater, Caldera Springs), agriculture (M&T Chico Ranch), and residential development (The Reserve at Columbia Tech Center, Washington High School creative office/retail).

Differentiator

Problem solved

Functional benefit

Brands

• Columbia Tech Center: A 430-acre mixed-use development in Vancouver, Washington featuring 3.9 million square feet of office, flex/industrial, medical and retail space.
• Washington High School
• Sunrise Business Park
• PacTrust Business Center

Products and services

• Commercial Real Estate Leasing
• Property Management Services

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Energy Trust of OregonminorStrategic or Co-development PartnerPacTrust works with the Energy Trust of Oregon to identify areas of significant energy loss and recommend energy enhancements at their properties.
• TownePlace Suites by MarriottminorStrategic or Co-development PartnerExtended-stay hotel located within Columbia Tech Center mixed-use development in Vancouver, Washington.
• The Reserve at Columbia Tech CenterminorStrategic or Co-development PartnerLuxury apartment community developed by PacTrust within the Columbia Tech Center master-planned development. Features pool, clubhouse, fitness facility, and walking paths.
• Jeff Gordon and Steve MadisoncoreStrategic or Co-development PartnerPartnership with Jeff Gordon and Steve Madison to form Columbia Tech Center LLC for the mixed-use development in Vancouver, Washington.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Highwoods Properties: Publicly-traded office REIT focused on Sun Belt markets with Best Business District (BBD) office properties, comparable to PacTrust's office leasing approach and direct-tenant relationships.
• Panattoni Development Company: One of the largest private industrial real estate developers in the US, building warehouse, distribution, and flex space across multiple markets. Comparable to PacTrust's industrial development and build-to-suit capabilities.
• Dermody Properties: Private industrial real estate developer focused on logistics, warehouse, and distribution facilities across the West Coast and US, similar to PacTrust's industrial development activities and tenant roster.
• Shorenstein Properties: Private San Francisco-based commercial real estate owner, developer, and operator focused on Class A office and mixed-use properties on the West Coast. Closely mirrors PacTrust's private, long-hold, owner-developer business model across similar geographies.
• Jay Paul Company: Private San Jose-based commercial real estate developer of Class A office campus-style developments for major tech tenants, with a similar owner-developer profile and West Coast tech-tenant focus to PacTrust.
• Cousins Properties: Sun Belt-focused office REIT with trophy-quality office properties in markets including Austin, comparable to PacTrust's Class A office strategy and Texas exposure.
• Kilroy Realty Corporation: West Coast-focused publicly-traded office REIT that owns and develops Class A office and life science properties in major markets including Seattle and the San Francisco Bay Area, directly comparable to PacTrust's Pacific NW office strategy.
• Brandywine Realty Trust: Publicly-traded office REIT focused on Philadelphia, Austin, and other select markets, with a mixed office and development strategy directly comparable to PacTrust's diversified office portfolio.

Broad incumbents

• Howard Hughes Holdings: Master-planned community and commercial real estate developer with mixed-use assets across multiple markets. PacTrust directly operates Columbia Tech Center, a 430-acre master-planned community, making this a relevant broader comparable.
• Prologis: Global industrial REIT leader that owns and develops logistics facilities at massive scale. While PacTrust's industrial segment is far smaller than Prologis, both develop and lease industrial warehouse space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pactrust

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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 PacTrust