print header

# 1 Commercial Real Estate Information Company

  • Find Properties 
  • Market Properties 
  • Analyze Properties 
Commercial Real Estate News

Former Thomas Properties Execs Launch New Investment Advisory Business

Well Known CRE Execs Form Coretrust Capital Partners, LLC
February 5, 2014
Thomas Ricci, Randall Scott and John Sischo, three executives at the former Thomas Properties Group, Inc., have joined with Charles Toppino, founder of Oak Pass Capital to form Coretrust Capital Partners, LLC (CCP).

The new firm will have offices in Los Angeles and Philadelphia and offer investment and asset management services to institutional investor clients in both co-investment and separate account vehicles. The private real estate company will focus on acquiring core-plus and value-add office properties, primarily in West Coast, Southwest and Mid-Atlantic markets, said Sischo.

Toppino, with 20 years of experience in real estate acquisitions and finance, will continue leading Oak Pass Capital while working with CCP.

A Coretrust Capital Partners’ affiliate is in the process of acquiring a portfolio in the mid-Atlantic region with the backing of an institutional opportunity fund partner.

Ricci, Scott and Sischo were with Thomas Properties during the rapid growth stage as the real estate operating company expanded from 2 million square feet to a national portfolio with over 15 million square feet and a 5 million-square-foot development pipeline.

The trio managed over $3 billion of institutional capital, directed acquisitions, capital markets, operations and development, and played a key role in the firm’s 2004 initial public offering. TPGI was acquired by Parkway Properties Inc. (NYSE: PKY) in December 2013.

Ricci's career includes the successful redevelopment of City National Plaza in Los Angeles and Commerce Square in Philadelphia. Earlier, while he was with Maguire Thomas Partners, Ricci was involved in the entitlement process and planning for the 1,000-acre Playa Vista development in West Los Angeles.

Scott directed asset management nationally and customer relations programs. He also oversaw TPGI’s sustainability program that won a third consecutive NAREIT Leader in the Light award in 2013.

Sischo led $3.8 billion in acquisitions and managed investor relationships with major pension funds and financial institutions including CalSTRS. He joined TPGI as chief financial officer and became co-chief operating officer.

Toppino was a founding partner of Secured Capital Corp., a real estate investment bank formed with former Drexel Burnham Lambert colleagues in 1990 that merged with Wells Fargo bank's Eastdil Realty in 2006.

GET IN TOUCH        Contact CoStar News Team:

 Find us on 

Welcome To CoStar's
Award-Winning News

Winner of three Journalism Awards from the National Association of Real Estate Editors (NAREE)

Award-Winning News