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Expert Commercial Real Estate Development & Investment
Capstone Real Estate has established itself as a leader in commercial real estate development and investment. With over 45 years of industry experience, our approach centers on assembling specialized teams of professionals tailored to each project's unique requirements. We leverage a vast network of entrepreneurial and institutional contacts cultivated over decades to identify opportunities where we can add value, mitigate risk, and deliver investor returns aligned with project-specific risk profiles. Our business model emphasizes equity partnerships with team members, ensuring their personal investment aligns with project success. This structure fosters dedicated professionals working toward common goals while maintaining flexibility to adapt to evolving market conditions. Our principals have developed, acquired, or financed more than $2 billion in commercial real estate assets across diverse property types including regional malls, office buildings, hotels, industrial facilities, and senior housing communities.

We maintain a disciplined focus on risk management while pursuing entrepreneurial-level returns through strategic acquisitions, redevelopments, and value-add opportunities. Our track record demonstrates consistent success in transforming underperforming assets into profitable ventures, as evidenced by completed projects achieving investor returns exceeding 25% in certain cases. The managing partner's 45-year career includes senior roles with prominent Chicago developers and mortgage banking firms, financing over $700 million in commercial properties. This depth of experience enables us to craft customized solutions that satisfy client needs while maintaining regulatory compliance and professional standards.
Services
Commercial Development Real Estate Investment Senior Housing Property Acquisition Value-Add Redevelopment
Highlights and features
  • We offer 45 years of commercial real estate experience with $2+ billion in completed transactions
  • Our equity partnership model aligns team incentives with project success
  • Proven track record transforming underperforming assets into profitable ventures
  • Specialized expertise in senior housing acquisitions and redevelopments
  • Established relationships with institutional capital sources and operating partners
Services
Commercial Development
Capstone specializes in commercial real estate development through strategic acquisitions and redevelopments. Our principals identify underperforming assets with value-add potential across office, retail, industrial, and mixed-use properties. With 45 years of combined experience, we assemble specialized teams to execute complex projects that generate investor returns while mitigating risk through equity partnerships.
Senior Housing
Through Cerulean Partners, we focus on senior housing acquisitions and redevelopments. Our expertise covers independent living, assisted living, and memory care communities. With over 70 combined years in senior housing, we partner with experienced operators to transform distressed assets into premier facilities. Recent projects include $1.5 million renovations that positioned properties as market leaders in Belleville, IL and Las Vegas, NV.
Value-Add Redevelopment
Our value-add strategy targets properties requiring capital improvements or operational enhancements. Successful projects include a Wisconsin shopping center remediated and sold at 50% profit, and a Chicago retail parcel sold for $16 million. We specialize in resolving complex situations like the Village of Oak Lawn's long-standing tenant dispute, transforming sites into Class A retail developments.
People
Kerry Haskins
Managing Partner
With 45 years in commercial real estate, Kerry Haskins has held senior roles at Chicago's top developers including Urban Investment and Development Company. He has financed over $700 million in properties and specializes in assembling project-specific teams. A DePaul University real estate master's graduate, he's a licensed Illinois broker and industry organization member.
Questions
What types of real estate projects does Capstone specialize in?
We focus on commercial properties including office buildings, retail centers, industrial facilities, and senior housing communities through both development and acquisition strategies.
How does Capstone's partnership model work?
We assemble project-specific teams compensated through equity interests, aligning our partners' incentives with each project's success while maintaining flexibility for unique opportunities.
What financing options are available for investors?
We partner with institutional and entrepreneurial capital sources to structure tailored financing solutions that match each project's risk profile and return objectives.
Do you work outside the Chicago area?
Yes, while based in Wilmette, IL, we've completed projects in Wisconsin, Florida, Missouri, Nevada, Arizona, and other markets with strategic partnerships.
What senior housing services do you offer?
Through Cerulean Partners, we acquire and redevelop independent living, assisted living, and memory care communities with specialized operating partners for optimal performance.