Business Details
48 Years
experience
Commercial Real Estate Development Experts
Capstone Real Estate has established itself as a leader in commercial real estate development and investment. With over 45 years of industry experience, we specialize in assembling expert teams tailored to each project's unique requirements, ensuring alignment of goals through equity-based incentives. Our principals have successfully developed, acquired, or financed more than $2 billion in commercial real estate assets, spanning regional malls, office buildings, industrial properties, and senior housing communities. Our disciplined approach combines strategic partnerships, risk-mitigated structures, and hands-on management to deliver exceptional investor returns. We maintain a relentless focus on value creation through property enhancements, tenant repositioning, and operational optimization.Our track record demonstrates consistent success in transforming underperforming assets into profitable ventures, evidenced by completed projects like the Elmwood Plaza Shopping Center redevelopment and The Atrium of Belleville senior housing revitalization. As active participants in local trade organizations, we leverage deep institutional knowledge and a vast professional network to identify opportunities others overlook. Our commitment to excellence extends to every stakeholder interaction, from municipal negotiations to investor reporting. This combination of experience, methodology, and execution capability positions us as trusted partners in commercial real estate ventures.
Services
Commercial Real Estate Development
Senior Housing Investment
Property Acquisition
Joint Venture Management
Investment Management
Property Redevelopment
Retail Center Development
Capital Improvement Programs
Municipal Negotiations
Value-Add Strategies
Details
- Year established: 1978
Highlights and features
- We have 45+ years of commercial real estate experience across all property types
- Our equity incentive model aligns team and investor interests
- Proven success transforming underperforming assets into profitable ventures
- Extensive network connects us to exclusive acquisition opportunities
- Specialized expertise in senior housing and mixed-use developments
Services
Commercial Real Estate Development
We specialize in transforming underperforming commercial properties through strategic redevelopment. Our expertise spans office buildings, retail centers, and industrial facilities. With $2 billion in managed assets, we implement physical improvements, re-tenanting strategies, and environmental remediation to maximize value.
Senior Housing Investment
Our Cerulean Partners division focuses on acquiring and revitalizing senior living communities. We target independent living, assisted living, and memory care facilities in growth markets. Through partnerships with specialized operators, we implement capital improvement programs and occupancy enhancement strategies to create premier senior housing solutions.
Joint Venture Management
We assemble project-specific teams combining institutional expertise with entrepreneurial energy. Our equity-based compensation model ensures all partners share common objectives. This approach mitigates investor risk while leveraging diverse skill sets across property acquisition, redevelopment, and operations.
Property Acquisition
We identify undervalued commercial real estate opportunities through our extensive industry network. Our acquisition strategy focuses on distressed assets with value-add potential. We conduct comprehensive due diligence and negotiate favorable terms to establish strong investment foundations for subsequent redevelopment efforts.
Investment Management
We manage private equity investments in commercial real estate projects. Our risk-mitigated approach generates returns through strategic capital allocation, project oversight, and timely exits. We maintain transparency with investors through regular performance reporting and maintain alignment through shared equity participation in each venture.
People
Kerry Haskins
Managing Partner
With 45 years in commercial real estate, Kerry Haskins has held leadership roles at major Chicago developers and a boutique mortgage bank. He specializes in assembling expert teams and structuring deals that balance risk and returns. A licensed broker and DePaul University graduate, he combines institutional knowledge with entrepreneurial execution.
Questions
What types of real estate projects does Capstone specialize in?
We focus on commercial properties including retail centers, office buildings, industrial facilities, and senior housing communities. Our expertise spans value-add acquisitions, redevelopment projects, and strategic joint ventures across various property types.
How does Capstone's partnership model work?
We assemble project-specific teams where professionals receive equity interests in the developments they work on. This structure aligns our partners' incentives with investor outcomes, ensuring dedicated execution and shared success.
What geographic markets do you operate in?
While headquartered in Illinois, we pursue opportunities nationwide with particular focus on Midwest markets. Recent projects include properties in Wisconsin, Florida, South Carolina, Nevada, Arizona, and Iowa.
How does Capstone create value in real estate investments?
We implement physical improvements, re-tenanting strategies, and operational enhancements. Our approach includes environmental remediation when needed, capital improvement programs, and strategic repositioning to maximize asset value and investor returns.
What is Cerulean Partners' role in senior housing?
Cerulean Partners specializes in acquiring and revitalizing senior living communities. We partner with specialized operators to implement capital improvements and occupancy enhancement strategies, transforming underperforming assets into premier senior housing solutions.
