IRVINE, CA—CapRock Partners, a private commercial real estate investment firm based in Orange County has made an executive appointment that it describes as “reflective of the company's continued success and expansion.” Effective immediately, Jon Pharris, the firm's co-founder and former director of acquisitions, will assume the role of president.
“Over the past six years, CapRock Partners has achieved exponential growth, not only exceeding expectations on returns for our investors, but also evolving our business plan, moving from acquiring non-performing notes and REO assets to developing class-A industrial buildings,” said Jerry Pharris, the firm's chairman. “Jon has been instrumental in this expansion and evolution and, along with the rest of our industry-best team, will continue to ensure CapRock stays on the forefront of innovative and profitable commercial real estate investment.”
As president, Jon Pharris will retain his role in spearheading all acquisitions for the firm's investment funds, overseeing a team of best-in-class commercial real estate professionals. He also will continue to design and deploy new commercial real estate funds for the company and its investors, leveraging his proven ability to forecast market conditions and identify unique investment opportunities within that context.
CapRock's recent investment fund activity confirms this market-beating growth. The firm's first three funds have far exceeded their anticipated returns, and recent transaction highlights include the forward sale of a large Rialto, CA industrial asset in development to Prologis, the recent sell-out of a multi-unit industrial project in Placentia, CA, and a large-scale acquisition in Anaheim Canyon.
“As one of the most informed and entrepreneurial private commercial real estate investment firms in the sector, we continue to uncover profitable opportunities in the market - ones that other firms may miss,” says Pharris. “CapRock Partners is specifically engineered to seize these opportunities, and our team is uniquely qualified to leverage its depth of expertise in acquisitions, entitlement, development, management and sales to maximize value and return on our assets.”
Headquartered in Irvine, CapRock Partners is a fast-growing private commercial real estate investment firm focused on investing in value-add industrial assets throughout California and developing class A industrial buildings in Southern California.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
