Accomplished Industrial Real Estate Exec Joins Westcore Properties as COO
SAN DIEGO (November 28, 2017) – Robert Sistek has joined Westcore Properties, an active investor in industrial and office properties, as its chief operating officer. Sistek will work with Chairman Marc Brutten and President and CEO Don Ankeny to oversee acquisitions, leasing, portfolio management, capital allocation and investment strategy.
Most recently, Sistek served as chief financial officer and executive vice president, investments for Innovative Industrial Properties (NYSE: IIPR), where he led the closing of $45 million of acquisitions and related leases, as well as the accounting, finance, treasury and investor relations functions, including the successful execution of the company’s IPO and listing on the New York Stock Exchange.
Before Innovative Industrial Properties, Sistek served as senior vice president, investments for Biomed Realty Trust (formerly NYSE: BMR), which was acquired in an $8 billion transaction by The Blackstone Group (NYSE: BX) in 2016. While at BioMed Realty, he led the financing, underwriting and execution associated with acquisitions, development, structured finance and disposition opportunities totaling over $3 billion across more than 30 separate transactions.
“Rob has earned a strong, nationwide reputation in our industry,” said Ankeny. “His experience, which also includes senior roles at DCT Industrial Trust and Prologis, is hard to match and will be valuable as we continue to invest in commercial properties throughout the Western U.S. that offer opportunities to create value.”
Sistek holds a business administration degree from University of Northern Colorado and an MBA from Kellogg School of Management at Northwestern University. He has served as a guest lecturer for the University of San Diego’s master’s degree program in Real Estate and San Diego State University’s MBA graduate programs, and he is a member of the American Institute of CPAs’ National Real Estate committee.
“For many years, I have been impressed with how Don and Marc have grown Westcore Properties and consistently created value for their investors,” said Sistek. “I’m excited to leverage my skills and experience within this entrepreneurial environment and to also interface with Westcore’s best-in-class equity partner, Almanac Realty Investors.”
Sistek is a resident of Carlsbad, California.
About Westcore Properties
Westcore Properties is a global, entrepreneurial commercial real estate investment firm with a specialized focus in Western United States commercial and industrial properties. Since its founding in 2000, Westcore Properties and its affiliates have acquired and managed more than $4 billion in industrial and office assets, comprised of more than 750 buildings and totaling over 45 million square feet. In addition to its U.S. headquarters in San Diego, Westcore Properties has regional offices in Los Angeles; Oakland; Sacramento; and Denver, as well as satellite offices in London, England; and Lausanne and Geneva, Switzerland.