Ankeny: Westcore is currently focused on investing in industrial real estate in primary markets throughout the West Coast. We have already deployed $76 million of the recent $337.5 million Almanac investment to acquire 2.4 million square feet of industrial properties.

GlobeSt.com: What type of activity can we expect from Westcore in 2017?

Ankeny: We are actively seeking development and investment opportunities in the Pacific Northwest, Northern and Southern California, Nevada and Denver. As a vertically integrated company, we also have a very strong team that will manage, lease and often reposition our real estate assets.

GlobeSt.com: What else should our readers know about this investment?

Ankeny: Westcore is adept at identifying opportunities and attributes others may not see in a property and bringing those opportunities to fruition to significantly increase the value of a property. Cultivating the right partnerships and leveraging the talents of the many brokers, financiers, builders and other providers who have helped us has played a large part in our success as well. We have a 30-year track record of delivering strong returns, which only comes with experience, careful study, hard work and a great team. Almanac's investment reflects their understanding and support of our commitment, relationships and work ethic.

SAN DIEGO—Westcore Properties recently entered into an agreement with a fund managed by Almanac Realty Investors LLC under which the fund has committed to provide up to $337.5 million of growth capital to Westcore. Including an investment of $197.7 million made in 2011 by a prior fund, funds managed by Almanac have committed to invest up to $535.2 million of capital in the aggregate into the Westcore platform. GlobeSt.com spoke with Don Ankeny, Westcore's president and CEO, about the impetus behind Almanac's investment and how Westcore plans to utilize it.

GlobeSt.com: What was the main impetus behind Almanac's recent investment in Westcore?

Ankeny: We have a long track record of providing superior returns to our investors. We've been fortunate to have a very strong capital partner in Almanac Realty Investors over the last five years. When it came time to consider a capital partner for the next seven to nine years, we felt that Almanac was, again, the best fit. Our interests are aligned, and they support our investment objectives and operational approach. Almanac knows our management team can deliver the returns they expect for their own investors, so they were confident in not only providing a new infusion of capital, but also raising the amount they invested with us.

GlobeSt.com: How is Westcore planning to best utilize this investment?

Ankeny: Westcore is currently focused on investing in industrial real estate in primary markets throughout the West Coast. We have already deployed $76 million of the recent $337.5 million Almanac investment to acquire 2.4 million square feet of industrial properties.

GlobeSt.com: What type of activity can we expect from Westcore in 2017?

Ankeny: We are actively seeking development and investment opportunities in the Pacific Northwest, Northern and Southern California, Nevada and Denver. As a vertically integrated company, we also have a very strong team that will manage, lease and often reposition our real estate assets.

GlobeSt.com: What else should our readers know about this investment?

Ankeny: Westcore is adept at identifying opportunities and attributes others may not see in a property and bringing those opportunities to fruition to significantly increase the value of a property. Cultivating the right partnerships and leveraging the talents of the many brokers, financiers, builders and other providers who have helped us has played a large part in our success as well. We have a 30-year track record of delivering strong returns, which only comes with experience, careful study, hard work and a great team. Almanac's investment reflects their understanding and support of our commitment, relationships and work ethic.