Monday, July 10, 2017

Westwood Financial Expands Leadership Team for Future Growth

Stuart Brackenrdige
LOS ANGELES, CA (July 10, 2017) – Westwood Financial, a real estate investment firm with a portfolio totaling over $1.5 billion in shopping centers throughout the U.S., has announced the expansion of its executive leadership team with the addition of Stuart Brackenridge, Senior Vice President of Acquisitions.

This appointment comes on the heels of Westwood Financial’s recent restructuring of 77 of its 120 retail center holdings and its management company into a single, $1.5 billion retail real estate company that will drive greater ease of investments, streamline operating efficiencies, and position the firm for rapid growth in 2017, according to Co-CEO Joe Dykstra.

“Our recent consolidation of over 280 partnerships into a single $1.5 billion entity provides us with a well-capitalized structure that will enable us to compete in this evolving retail landscape,” explains Dykstra. “As we continue on this trajectory of growth, we are also growing our leadership team to direct the expansion of our retail portfolio and spearhead strategic acquisitions in top metropolitan markets throughout the nation.”

Joe Dykstra

“Stuart brings over 25 years of real estate investment expertise, specifically in grocery-anchored shopping centers, and will be instrumental in guiding the future success of our acquisition efforts,” adds Co-CEO Randy Banchik. 

“His depth of experience will play a significant role in furthering Westwood’s objective to acquire grocery-anchored and daily needs retail centers with diverse, high-quality tenant mixes in desirable locations.”

Prior to Westwood, Brackenridge served roles in both Acquisitions and Development at Regency Centers for 20 years, where he was responsible for sourcing, underwriting and closing core grocery-anchored retail centers across the country. He graduated from the University of North Texas with a degree in Management and holds an MBA in Real Estate from Texas A&M University.

            Brackenridge will divide his time between Westwood’s Dallas and Los Angeles offices, but will be based in Dallas, Texas.

For a complete copy of the company’s news release, please contact:

Lauren Burgos / Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940

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