CARLSBAD, CA - Capstone Advisors announces that it has expanded its real estate investment, advisory and development platform to include receivership and asset management services for distressed residential and commercial real estate. The company's focus will be on the western United States with an emphasis on California, Nevada and Arizona.
Capstone Advisors, based in Carlsbad, Calif., will concentrate on stabilizing and adding value to problem real estate assets including residential developments and land, condominiums and condominium conversions, and commercial developments including retail, office, flex, industrial and multifamily properties. The company's services include, but are not limited to: strategic assessment and business plan formation, residential development and sales within new tracts, preservation and/or completion of entitlements, project disposition services, asset repositioning, and completing foreclosure of loans or partnership interests.
"Our sophisticated, institutional quality operating platform allows us to quickly take control of an asset and execute a wide variety of business plans designed to not only stabilize it, but to add value," said Alex Zikakis, president and CEO of Capstone Advisors.
Through its experience as a fiduciary on behalf of institutional clients and partners such as Credit Suisse First Boston, JP Morgan Chase and Lehman Brothers, Capstone Advisors has managed more than $2 billion in cash receipts for the sale of large land tracts, single family homes and commercial properties in 13 states.
"This expertise, along with our team of experienced professionals who have acquired, entitled, developed, financed and operated a wide variety of real estate projects through several real estate cycles, makes us a trusted and preferred resource for lenders and at-risk or struggling developers and investors," Zikakis said.
According to Tom Carter, chief financial officer of Capstone Advisors, the company's financial and reporting systems have been designed to serve the needs of regulated financial institutions. Capstone also has a strong network of service providers to assist in a variety of project-related needs.
"These include long-term relationships with premier law firms, DRE processors, insurance companies, and property leasing and management firms," said Carter. "These relationships, along with our extensive resources, allow us to respond quickly to determine and achieve asset-specific goals on complicated real estate projects. This is absolutely crucial to minimize the perception of a 'troubled' project and preserve value and prevent potential liabilities and litigation risk - especially during current market conditions."
Capstone Advisors is a diversified real estate investment and development company. The company has been the investor or owner of 100 residential ventures which built 5,000 homes and entitled 27,000 lots. Capstone has also owned, developed or managed more than 5.3 million square feet of office, retail and flex industrial property throughout the United States. In addition to its receivership and asset management services, Capstone is also purchasing sub-performing and non-performing real estate secured loans of all collateral types throughout the western United States, as well as operating properties and land for development.
Source: Capstone Advisors