Coretrust’s Thomas Ricci on the Future of Office Real Estate

Real estate veteran Thomas Ricci is co-founder of Coretrust Capital Partners, which owns and operates large office properties such as 444 S. Flower St. downtown and Pasarroyo in Pasadena.

Over his decadeslong career, he has developed, entitled or redeveloped more than 30 million square feet of mixed-use property space. Before co-founding Coretrust, Ricci held leadership roles with Maguire Thomas Partners and Thomas Properties Group Inc.

Coretrust, which also owns properties in Philadelphia and Fairfax, Va., is focused on targeting office and Class A assets in major metro areas. The company completes value-add capital and operational improvements at properties as well as adds tenant amenities in some cases. Its repositioning strategy also includes improving a building’s architecture, environmental systems and branding.