Private real estate investment company Rockwood Capital has opened an office in Los Angeles to target the Southern California market.
Rockwood has an existing portfolio in the greater Southern California region comprising approximately 1.6 million square feet of office and 1.4 million square feet of retail space; 2,000 apartment units as well as 1,300 acres of land for residential development; and 161,000 square feet of data centers.
“Southern California has been an important market for us over the years, and given the region’s anticipated population and employment growth, we feel that a physical presence in Los Angeles will help us more effectively execute our acquisitions and asset management efforts,” Bob Gray, Rockwood senior managing director, said in a statement.
The new office will be directed by Tyson Skillings and Jeremy Rogers. Skillings worked with Rockwood in the company’s San Francisco office and prior to that was a senior analyst at Ernst & Young Kenneth Leventhal real estate group. He has a BBA from the University of Notre Dame and a Masters in Real Estate Development from the University of Southern California.
Rogers was a vice president at Hearthstone Inc. before joining Rockwood and prior to that was a vice president in Credit Suisse First Boston’s real estate investment banking group. He holds a BA in political science from Queens University in Canada and a MBA from Duke University.
Rockwood Capital currently has more than $3 billion of equity commitments and $4.5 billion of assets under management. The firm focuses on value-added investments in the office, research and development, retail/commercial, residential and hospitality sectors. The firm also has offices in San Francisco and White Plains, New York.