CHICAGO-Equibase Capital Group LLC, based here, and Las Vegas-based WestCorp Management Group are forming a joint venture for multifamily properties. WestCorp was founded by Ken Woolley, CEO of Extra Space Storage.

The new partnership plans to focus on value-add properties. “The joint venture was formed to seek out value-added and opportunistic situations in which WestCorp’s active management can maximize the value of the asset,” says John Didrickson, a principal with Equibase. Didrickson would not disclose the amount of equity for the venture.

The joint venture plans to invest in properties throughout the US. WestCorp plans to “add substantial value through enhanced management and re-positioning strategies,” Woolley said in a released statement. Representatives from WestCorp did not respond to a request to be interviewed. WestCorp is part of the Nevada West Development family of companies, which has completed more than $600 million of development and redevelopment projects since 1991.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.