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Equibase and WestCorp Form Multifamily JV

CHICAGO-The two firms are forming a joint venture for value-add multifamily properties.

By Gina Kenny | Updated on May 23, 2008

CHICAGO-Equibase Capital Group LLC, based here, and Las Vegas-based WestCorp Management Group are forming a joint venture for multifamily properties. WestCorp was founded by Ken Woolley, CEO of Extra Space Storage.

The new partnership plans to focus on value-add properties. “The joint venture was formed to seek out value-added and opportunistic situations in which WestCorp’s active management can maximize the value of the asset,” says John Didrickson, a principal with Equibase. Didrickson would not disclose the amount of equity for the venture.

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