Industry veterans form Coretrust Capital Partners
Three founding partners of Thomas Property Group — Thomas Ricci, Randall Scott and John Sischo — have teamed with Charles Toppino, a founding partner of Secured Capital and current president of Oak Pass Capital, to form Coretrust Capital Partners, a new private real estate operating company. The formation of the new company follows last year’s merger between TPG and Parkway Properties.
A vertically integrated operating company, CCP will offer institutional investors a wide array of services including fiduciary investment services, property management, leasing and property development. Initially, the firm will invest with separate accounts and dedicated joint ventures, though the founders have not ruled out raising a commingled fund at some point in the future.
“The timing is great,” Sischo explains. “We believe this is an exceptional time to acquire core-plus and value