NEWPORT BEACH, Calif. – October 24, 2022 – CapRock Companions, a totally built-in actual property personal fairness agency, at present introduced the hiring of Mike Kent as senior vp of asset administration, and Sean Grubbs as first vp of capital markets. Each professionals are recognized trade leaders with important business actual property expertise. Kent and Grubbs’ appointment helps CapRock’s ongoing growth as a number one investor and developer of logistics belongings within the Western U.S. and Texas. The agency is actively pursuing value-add industrial actual property funding alternatives and land websites for large-scale logistics growth in focused areas, including to its sturdy portfolio, which might be nearing roughly $3.0 billion of belongings beneath administration or advisement by the tip of 2022.
“CapRock Companions is proud to welcome Mike and Sean to our group of outstanding actual property professionals,” stated Jon Pharris, co-founder and president of Caprock Companions. “CapRock continues to develop, and we stay dedicated to investing in and strengthening our group with trade leaders who share in CapRock’s collective values and investor-first mindset. We’re grateful Mike and Sean selected to return aboard, significantly in at present’s aggressive hiring surroundings, which is a testomony to our agency’s fame as an amazing place to work. We’re excited to have them each at CapRock and welcome their experience and management.”
At CapRock, Kent is chargeable for main the agency’s asset administration initiatives and overseeing its established portfolio of business actual property. He brings practically 40 years of expertise to his function as he guides CapRock’s asset administration and third-party brokerage groups within the stabilization of the agency’s growth and value-add belongings. He works carefully with CapRock’s inside government group and with the agency’s companions and clients in offering high-level market information and tailor-made options for each asset.
“I’m grateful for the chance to hitch the CapRock group and convey my expertise and perception to the agency,” stated Kent. “CapRock is thought for its dedication to excellence, and for its dynamic group of tenacious professionals with a confirmed capacity to ship best-in-class industrial and logistics belongings. The agency has a strong basis for development and a vibrant sustained future, and I’m excited to be part of its subsequent chapter.”
Kent is a recognized trade chief with a historical past of constructing efficient groups by way of coaching, mentoring and empowering people. He at the moment serves as president for the Constructing House owners and Managers Affiliation of Orange County (BOMA OC).
Previous to becoming a member of CapRock, Kent led the nationwide asset administration division for one of many world’s largest public industrial REITs. His resume contains a number of high-level management roles in asset administration with RREEF (Deutsche Wealth & Asset Administration) and American Realty Advisors U.S., in addition to beginning his profession as a dealer with Cushman & Wakefield. He earned a Bachelor of Science diploma from the College of California, Santa Barbara.
On the capital markets aspect, Grubbs oversees CapRock’s capital markets division. Working carefully with Pharris, Grubbs leads the agency’s debt efforts, which incorporates managing CapRock’s present lender relationships, sourcing all new loans for acquisitions, growth and refinancing, in addition to managing CapRock’s rate of interest hedging technique. CapRock anticipates Grubbs will negotiate greater than $1 billion of financing exercise with conventional lenders, debt funds and life insurance coverage corporations over the following twelve months.
Grubbs’ prior expertise features a decade working at premier nationwide lenders. He spent eight years with Financial institution of America’s business actual property steadiness sheet lending group, the place he labored with a lot of Orange County’s high business actual property builders and buyers, originating over $2.5 billion in new loans, starting from development, reposition and everlasting venture secured loans, to entity stage financing options. He additionally labored at Wells Fargo of their banking division.
Grubbs graduated from Pepperdine College the place he was a three-year starter on the Males’s Volleyball group. He’s actively concerned in NAIOP SoCal and most lately served as a Board Member for HomeAid’s Orange County chapter from 2019-2022.
“Mike and Sean are trade all-stars who’re already making a distinction and including super worth to the CapRock group,” stated Patrick Daniels, co-founder and chief government officer of Caprock Companions. “As the commercial actual property trade evolves and incurs shifting tides in 2022, CapRock is optimistic in regards to the future, particularly as we add extra excellent management to our rising enterprise.”
ABOUT CAPROCK PARTNERS
Based in 2009, Newport Seaside, California-based CapRock Companions is a totally built-in actual property personal fairness agency targeted on buying and growing logistics belongings within the Western U.S. and Texas. The agency makes a speciality of buying middle-market, value-add industrial belongings and growing large-scale, institutional-quality, Class A industrial warehouse services in high-growth markets throughout California, Arizona, Nevada, Utah and Texas. Since inception, CapRock has acquired, developed or entitled greater than 30 million sq. toes of logistics belongings. CapRock manages a collection of personal actual property funds and has raised roughly $1.5 billion of fairness commitments throughout a number of partnerships. CapRock is registered with the U.S. Securities and Trade Fee. For extra data, go to www.caprock-partners.com. Comply with the corporate on Fb, LinkedIn, Twitter and Instagram.