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CapRock Partners, a commercial real estate investment and development company based in Irvine, Calif., has named Jake Loughridge vice president of acquisitions.
Loughridge will be responsible for expanding CapRock Partners’ acquisition efforts in addition to providing asset management support for the firm’s growing investment portfolio. CapRock Partners, which focuses on high quality, value-add industrial properties throughout California, recently raised its second equity fund with the capacity to purchase upwards of $250 million of industrial real estate assets.
Loughridge joins CapRock Partners from Mariners Companies, a Newport Beach, Calif.-based family office focused on distressed debt acquisitions throughout the United States. At Mariners, Loughridge was responsible for developing and implementing the execution strategy for all acquisitions and owned assets.
Prior to Mariners, Loughridge spent eight years as a director at CT Realty Investors, a commercial real estate investment and development firm based in Aliso Viejo, Calif. While at CT Realty, Loughridge was responsible for all aspects of the firm’s acquisition process including underwriting, structuring and financing of potential investments.
According to Jerry Pharris, chairman and CEO of CapRock Partners, “We are excited to have someone with Jake’s talent and expertise join CapRock, and we see his addition as a key component of our continued success and expansion.”
Loughridge holds an MBA from the University of Southern California’s Marshall School of Business and a bachelor’s degree in economics from UCLA. He is also a licensed California real estate broker.
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