A Southern California IOS platform built around the ports that power America's supply chain.
Founded in 2024, Negresco Property Group ("NPG") is a real estate investment firm focused on industrial outdoor storage ("IOS") investments primarily located in major markets in Southern California.
Functional, low-coverage assets in the markets that matter.
Leveraging extensive local expertise and relationships within its core markets, NPG acquires and manages functional, low-coverage assets situated within proximity to two of the world's most active and supply-chain vital ports — Long Beach and Los Angeles.
With a strategic focus on assets in the transportation, logistics, and product-fulfillment sectors, NPG drives and maximizes investment value through operational efficiencies, innovative solutions, tailored business plans, and accretive capital programs.
Benji Miller is Founder and Managing Partner of Negresco Property Group. He is responsible for investment activities including sourcing, underwriting, due diligence, closing, asset management, and disposition. Additionally, Mr. Miller spearheads strategic partnerships and investor relationships.
Prior to founding NPG, Mr. Miller held acquisition and investment roles across several institutional real estate platforms focused on Southern California industrial and IOS assets.
- University of Michigan, B.A.
- USC Marshall, M.B.A. — Finance
- USC Price, Master of Real Estate Development
- NAIOP SoCal Young Professionals Group, 2022–2023
- NAIOP Legislative Affairs Committee
Over a decade of institutional industrial transactions.
5-Ronin
Co-Founder & Partner
Co-founded an IOS investment and operating platform focused on Southern California industrial outdoor storage assets. Oversaw sourcing, asset management, and disposition of the firm's $100M+ IOS portfolio, capitalized by private equity and a private family office.
First Industrial Realty Trust (NYSE: FR)
Investment Officer
Oversaw industrial acquisitions across Southern California for one of the country's largest pure-play industrial REITs.
Hackman Capital Partners
Vice President
Worked on over $2 billion of acquisitions and refinancings across industrial / IOS, studio, and office. Notable deals: the Hostess Bakery portfolio (bankruptcy auction), CBS Studios Hollywood, Manhattan Beach Studios, and Culver Studios (home to Amazon Studios).