DivcoWest

DivcoWest is a real estate investment firm founded in 1993 and headquartered in San Francisco, with additional offices in Los Angeles, Menlo Park, Boston, Washington, D.C., and New York City. The firm specializes in acquiring, developing, and managing properties primarily in innovation-driven markets across the United States. DivcoWest has built a diverse real estate portfolio that includes office, research and development, laboratory, industrial, retail, and multifamily spaces. With a focus on fostering growth and enhancing well-being, the firm leverages its extensive network and experience to create environments that support forward-thinking companies and investors. Since its inception, DivcoWest and its predecessor have acquired approximately 48 million square feet of commercial space and have invested in leading venture-backed Proptech companies to unlock value within its portfolio and properties.

Breton Birkhofer

Principal

Past deals in Industrial Real Estate

Field Materials

Series A in 2025
Field Materials is an innovative AI procurement platform tailored for the construction industry. The company offers web and mobile applications that enhance inventory management, material purchasing, and equipment rentals by automating the processing of quotes, invoices, packing slips, and receipts. This automation helps users save between 5-10% on material costs. The platform facilitates the comparison of vendor quotes, manages orders and deliveries, and centralizes vendor communications, while also automatically generating essential project documentation and streamlining invoice verification and payments. By providing these integrated solutions, Field Materials enables contractors and vendors to standardize their procurement processes, reduce costs, and maintain budgetary control. Founded by experienced entrepreneurs, the company is supported by notable venture capital and industry executives.

EliseAI

Series D in 2024
EliseAI develops a conversational AI platform that automates communications and workflows in housing and healthcare operations. The platform provides multi-channel support (voice, text, email, and chat) and automates activities such as responding to leads, answering prospective tenant questions, scheduling tours, and following up on paperwork. It serves property managers in rental housing to enhance service quality and reduce property management costs, and supports healthcare providers to improve operational efficiency. By streamlining routine interactions, EliseAI aims to increase responsiveness and productivity across lease and care processes.

Field Materials

Seed Round in 2024
Field Materials is an innovative AI procurement platform tailored for the construction industry. The company offers web and mobile applications that enhance inventory management, material purchasing, and equipment rentals by automating the processing of quotes, invoices, packing slips, and receipts. This automation helps users save between 5-10% on material costs. The platform facilitates the comparison of vendor quotes, manages orders and deliveries, and centralizes vendor communications, while also automatically generating essential project documentation and streamlining invoice verification and payments. By providing these integrated solutions, Field Materials enables contractors and vendors to standardize their procurement processes, reduce costs, and maintain budgetary control. Founded by experienced entrepreneurs, the company is supported by notable venture capital and industry executives.

EliseAI

Series C in 2023
EliseAI develops a conversational AI platform that automates communications and workflows in housing and healthcare operations. The platform provides multi-channel support (voice, text, email, and chat) and automates activities such as responding to leads, answering prospective tenant questions, scheduling tours, and following up on paperwork. It serves property managers in rental housing to enhance service quality and reduce property management costs, and supports healthcare providers to improve operational efficiency. By streamlining routine interactions, EliseAI aims to increase responsiveness and productivity across lease and care processes.

EliseAI

Series B in 2021
EliseAI develops a conversational AI platform that automates communications and workflows in housing and healthcare operations. The platform provides multi-channel support (voice, text, email, and chat) and automates activities such as responding to leads, answering prospective tenant questions, scheduling tours, and following up on paperwork. It serves property managers in rental housing to enhance service quality and reduce property management costs, and supports healthcare providers to improve operational efficiency. By streamlining routine interactions, EliseAI aims to increase responsiveness and productivity across lease and care processes.
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