Westcore intends to utilize these capital resources to execute its investment program of acquiring industrial property throughout the western United States.
"We are very pleased to have Starwood Capital as Westcore's lead investor," says Marc Brutten, CEO of Westcore. `"We will undoubtedly benefit from Starwood's capital markets acumen, as well as their real estate acquisition and management expertise."
Brutten says the firm has a "a strong platform" to aggressively pursue a broad range of industrial acquisitions. "We have already closed approximately $40 million in acquisitions and have another $50 million currently in our pipeline."
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