Joe Dykstra Joe Dykstra is the co-CEO of Westwood Financial Corp.

LOS ANGELES—Westwood Financial Corp. has restructured the majority of its retail assets into a $1.2 billion company, consolidating 280 entities that covered a total of 77 assets into a  single company. The move streamlines management and will help to drive growth at the firm.

“This was really a natural and strategic evolution of a company that was grown organically by two entrepreneurs,” Randy Banchik, co-CEO of Westwood Financial Corp., tells “The company has a history in real estate investment of changing product types as the market needed and adjusting our management style as the opportunities in the market changed. As a 45-year-old company, this was a coming together of a need for succession planning, streamline operations and to reduce the complexity of a very large portfolio and solidify our investment platform so that we can have maximum opportunities for growth and a successful operation of the portfolio.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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