Article: Westcore Industrial Properties Announces $50 Million Equity Commitment From Starwood Capital Group.

Westcore Pursuing Aggressive Acquisition Program on West Coast

SAN DIEGO, Nov. 29 /PRNewswire/ --

Westcore Industrial Properties today announced that real estate funds sponsored by Starwood Capital Group have committed to invest $50 million of equity capital in the company. In addition, Westcore is in discussions with other potential equity investors for another $30 million of equity capital. The company has also entered into a $100-million revolving credit facility with Prudential Securities Credit Corporation. Westcore intends to utilize these capital resources to execute its investment program of acquiring industrial property throughout the western ...

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