Newport Beach, Calif. â€“ May 7, 2020 â€“ CapRock Partners, a California-based industrial real estate investment and development firm, is proud to announce the promotion of Taylor Arnett to first vice president, acquisitions. Arnett, who joined the firm in 2014, supervises CapRockâ€™s acquisition efforts in Southern California and Southern Nevada and was instrumental in leading the companyâ€™s first expansion beyond California into Las Vegas. In his new role, Arnett will keep spearheading CapRockâ€™s further expansion into new Western U.S. markets, including Salt Lake City and Sacramento.
â€œIn the span of three years, Arnett has led the acquisition of nearly 3 million square feet of industrial product across various Las Vegas submarkets and has greatly contributed to CapRock Partners becoming one of the fastest growing private industrial real estate firms in the Western U.S,â€ said Jon Pharris, co-founder and president of CapRock Partners. â€œWeâ€™re proud to announce his promotion to first vice president, acquisitions and have full confidence in his ability to spearhead our next wave of expansion into new emerging logistics and industrial hubs across the Western U.S.â€
Arnettâ€™s responsibilities include sourcing acquisitions, debt and equity, completing due diligence, underwriting and creating business plans for assets. He works across the companyâ€™s two investment platforms focused on the acquisition of middle-market, value-add industrial assets and developing large-scale institutional-quality, Class A industrial warehouse facilities. Notably, Arnett played a key role in the acquisition and development of Interchange Industrial Center, a 683,000-square-foot Class A industrial complex in North Las Vegas slated for completion in late summer 2020 that is CapRockâ€™s first ground-up development outside of California.
A seasoned real estate veteran, Arnett has held several positions in the sector, including as appraiser and acquisitions analyst. Prior to joining CapRock, he was acquisitions manager for Asset Management Consultants, Inc., where he anchored a team handling the acquisition of real estate investments averaging $75 million annually.
Arnett is a leader in the commercial real estate industry and has been an active member of NAIOP, a leading real estate industry association, for 12 years. In 2009 he completed the NAIOP SoCal Young Professionals Group (YPG) program, which is designed to educate, develop and elevate commercial real estateâ€™s emerging leaders. Arnett has been active in the YPG Alumni Committee since then, including as chair of three sub-committees and as president of the YPG Alumni Committee, representing more than 300 alumni. Arnett also served on the NAIOP Southern California Chapter Board of Directors from 2017 through 2020. In 2016, he was presented with the NAIOP Developing Leaders Award, which recognizes rising commercial real estate professionals.
Arnett is passionate about giving back to the community and was recognized as NAIOPâ€™s 2019 National Volunteer of the Year. Through OC Young Executives, he planned a gala that helped raise more than $50,000 for the Cystic Fibrosis Foundation and $25,000 for the KidWorks Foundation. Arnett currently sits on the corporate board of Big Brothers Big Sisters of Orange County & Inland Empire, where he has been volunteering since 2011 and matched with his â€œLittle Brotherâ€ for over eight years.
Arnett earned his bachelorâ€™s degree cum laude in economics and business management from Occidental College, where he was captain of the football team during his senior year.
ABOUT CAPROCK PARTNERS
Since its founding in 2009, Newport Beach, Calif.-based CapRock Partners has become one of the fastest-growing private industrial real estate investment and development firms in the Western U.S. The company focuses on middle-market, value-add industrial assets and developing large-scale institutional-quality, Class A industrial warehouse facilities in key locations, serving the needs of corporate America. CapRock Partners is registered with the U.S. Securities and Exchange Commission. The firm is actively acquiring land for development and value-add industrial buildings in the Western United States. For more information, visit www.caprock-partners.com. Follow the company on Facebook, LinkedIn, Twitter and Instagram.