WDP Partners, LLC was formed in 2002 by Gilbert W. Chester, John F. Rasor, Robert G. Mayhall and Robert L. Ward. These four individuals constituted the senior executive management team and were the managing general partners of Westcor Realty Limited Partnership prior to Westcor’s acquisition by Macerich (NYSE: MAC) in July of 2002. The sale of Westcor to Macerich involved approximately 20 million sf of retail projects, primarily regional shopping centers, and a total consideration of approximately $1.6 billion. Shortly after the Westcor sale to Macerich, Todd Chester joined WDP as a principal of the company. Todd was previously with Opus West Corporation where he was involved in over 2,000,000 sf of office, industrial and retail development and leasing.
WDP’s focus is on developing and maintaining mutually beneficial relationships, quality execution, and identifying attractive investment opportunities. WDP creates value by attracting key users to attractive opportunities; structuring ventures with the owners of desirable sites in these markets; procuring valuable entitlements and negotiating infrastructure arrangements with municipalities; managing the development and absorption process; and monetizing value with a tax efficient capital event following stabilization.