Kensington Real Estate Group

Jamboree
Plaza Del Rancho
Plaza 721

About Us

Kensington Real Estate Group is a commercial real estate investment firm targeting the acquisition and repositioning of retail properties across the Western United States. Backed by private and institutional investors, Kensington has acquired and disposed of over $500 million of commercial real estate assets since its establishment in 1997.

The Kensington investment strategy identifies a project’s strengths, weaknesses, and opportunities for value enhancement, often focusing on well-located properties that are underperforming due to operational, management or leasing deficiencies. Properties are typically leveraged to a reasonable risk tolerance with a projected hold period of two to five years.

Owned and operated by the founding principals of Coreland Companies, one of Southern California’s leading management and brokerage firms, Kensington has established national relationships with tenants, lenders, institutional and private capital, and third party service providers. These well-established relationships ensure the most efficient and timely transactions possible, as well as optimal returns for investors.

Patrick Galentine Principal

Patrick focuses on procuring equity and debt, acquisitions and dispositions, and oversight of all asset management.

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Chris Hite Principal

Chris focuses on strategic planning and partnerships, site selection, and oversight of all management and leasing efforts.

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“Developing valuable partnerships is our top priority, working together to take advantage of emerging opportunities.”

Investment

Criteria

Kensington’s core services create value in commercial real estate through acquisition, repositioning and asset management. The value of each K-REG investment is maximized utilizing Coreland Companies’ in-house management and brokerage expertise, which independently represents over 10 million square feet of commercial property. In select instances, Kensington will also retain third-party services from other high-quality service providers based on locality and asset-specific expertise.

Property Type

Neighborhood, community and mixed-use retail centers. Single assets as well as multiple property portfolio acquisitions with a $3MM minimum purchase price; no maximum size.

Geographic Guidelines

Secondary and tertiary markets located across the Western United States. Will consider primary markets with value-add opportunity.

Acquisition Type

Fee and leasehold positions. All cash or with new or in-place financing. Partnership interests with management control.

“Kensington possesses the experience of a large institutional owner, and the agility and flexibility of a small firm.”

Property

Case Studies

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PLAZA DEL RANCHO

Valencia, California – A 53,467-square-foot retail center acquired for a long-term hold. Minor renovation, re-tenanting efforts, and pad development enhanced the asset and supported a successful...
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ROLLING RIDGE PLAZA / SOUTHRIDGE PLAZA

Chino Hills / Fontana, California – A portfolio acquisition of two market/drug-anchored centers totaling 205,000 square feet. Properties were repositioned and eventually sold separately to a pri...
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FAIRFIELD COMMONS

Lakewood, Colorado – A 144,000-square-foot community retail center with 40% vacancy when acquired. Renovation and expansion to accommodate Sprouts Farmers Market and Planet Fitness, bringing pro...
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PLAZA 7-21

Salt Lake City, Utah – Acquisition, renovation and re-tenanting of a mixed-use retail center with a three-story office building component. The 69,339-square-foot center sold at 97% leased. ...
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DIAMOND BAR VILLAGE CENTER

Diamond Bar, California – Acquisition, renovation and re-tenanting of a four-parcel, 105,000-square-foot retail/office property. Subsequently sold office building and two retail parcels in separ...
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JAMBOREE PROMENADE

Irvine, California – A 60,000-square-foot mixed use retail/office project acquired at 55% occupancy and under major disrepair. Project fully renovated, leased to 100% occupancy and sold.