San Diego real estate
Jay Matthes. Photo credit: Courtesy, Capstone Advisors

Capstone Advisors, a Carlsbad real estate investment and development firm, has hired Jay Matthes as chief operating officer. 

An experienced senior executive, Matthes has led both operational and financial aspects of retail, office, industrial, multifamily and hotel investments and developments throughout the U.S.

In his most recent role as executive vice president at American Realty Advisors in Los Angeles, he led a team of 10 asset managers and staff, overseeing a $1.6 billion retail investment portfolio totaling over 5.4 million square feet.

Prior to that role, as director of asset management for Grosvenor Investment Management, Matthes managed a portfolio of 4.3 million square feet of office, retail and industrial properties as well as 1,300 apartment units. 

“We’re slated for growth and adding Jay to our executive team further positions us to successfully increase and diversify our portfolio in our existing, as well as new, markets,” said Alex Zikakis, president of Capstone Advisors.

Matthes’ role at Capstone Advisors will rely heavily on developing key relationships in new markets, leading company operations and managing overall asset strategy. 

“Capstone Advisors has spent the last 25 years thoughtfully investing and changing with the fluctuating real estate market to always remain profitable, relevant and successful,” Matthes said. “To join such a creative and successful team in a unique period of strong investment opportunity is exhilarating both professionally and personally. I’m excited to take part in what the future holds for the company.”

Capstone’s multi-state property portfolio is focused primarily on retail, industrial, office and residential assets and is currently expanding through both acquisitions and development.