LOS ANGELES--(BUSINESS WIRE)--William (Spike) Whitney, a widely respected real estate investment professional, has joined Coretrust Capital Partners in Los Angeles. Whitney will lead the firm’s Asset Management Division, working directly with its principals to implement financial, business and management strategies to maximize the value of the firm’s assets in its Coretrust Value Funds. Responsibilities will include execution of property-level business plans, financing matters, disposition activities and owner/investor communications.
A CPA, Whitney started his career with Deloitte & Touche in its real estate group working with both public and private companies in the industry. For the past five years, Whitney has been a senior executive at CommonWealth Partners, and he most recently led that firm’s West Los Angeles and San Diego office investments. He has been responsible for that portfolio’s strategic investment plans, overseeing capital improvement projects, negotiating leases and coordinating marketing decisions. He was involved in firm acquisitions and served in an investment fiduciary capacity including acquisition underwriting, due diligence and disposition execution.
“Spike is an immensely talented executive,” said Coretrust Principal John Sischo. “We feel that Spike is a perfect fit for our asset management efforts. He is a critical addition to our management team and we look forward to his leadership in our growing fund portfolio.”
Whitney earned a B.S. degree in accounting from the University of Southern California, Leventhal School of Accounting. He resides in Santa Monica, California.
About Coretrust Capital Partners
Coretrust Capital Partners, LLC (“CCP”) is a private real estate operating company formed in 2014 by three original partners of Thomas Properties Group, Inc. (NYSE: TPGI): Thomas Ricci, Randall Scott and John Sischo. Coretrust is principally engaged in the acquisition, operation and re-positioning of large office assets through its Coretrust Value Fund I (CVFI), which it co-sponsored with Hawkeye Partners of Austin, TX. CVFI is a $250 million discretionary equity fund that closed in October 2015 with capacity for up to $1 billion of office properties. Coretrust currently has a portfolio totaling over 3.3 million square feet of market-leading properties. The firm targets acquisitions in major urban centers located in the West Coast, Southwest and the Mid-Atlantic regions and is actively seeking value-add investment opportunities. For more information visit: www.core-trust.com