CapRock Partners is a privately held industrial real estate investor and developer founded in 2009 and headquartered in Newport Beach, California. The firm focuses exclusively on the acquisition, development, and management of institutional quality industrial assets throughout the Western and Central United States. Founded by Gerald Pharris, Patrick Daniels, and Jon Pharris, the company has acquired, developed, and entitled over 33 million square feet of industrial real estate since inception as of June 30, 2024. The firm's investment strategy centers on value-add industrial properties, entitlement opportunities, development of Class A logistics buildings, and joint venture equity partnerships. CapRock invests across multiple markets including California, Arizona, Texas, Nevada, Colorado, Oregon, Washington, and Utah. The company targets middle-market opportunities ranging from $15 million to over $200 million per transaction, focusing on properties that benefit from strategic improvements such as vacant buildings requiring renovations, excess land redevelopments, rollover risk scenarios, and covered land plays. As of December 31, 2025, CapRock managed approximately $1.5 billion in regulatory assets under management on a discretionary basis through private investment vehicles structured as limited partnerships. The firm operates through multiple funds, including CapRock Partners Value-Add Industrial Fund IV, which has raised over $250 million.