Capstone Real Estate Services, Inc. Announces Promotions

Hugh Cobb, CPM® is Chief Operating Officer and Grant Berkey, CPM® is new Senior Vice President.

Austin, TX, September 19, 2011 --( Capstone Real Estate Services, Inc. is pleased to announce the promotion of two of its executives. Hugh A. Cobb, CPM® has been promoted to the position of Chief Operating Officer and Grant Berkey, CPM® has been promoted to Senior Vice President.

As Chief Operating Officer, Mr. Cobb is now responsible for overseeing all facets of operations of Capstone’s 33,000 unit portfolio of 3rd-party fee management, nationwide. This multifamily portfolio consists of conventional, affordable and senior independent communities. Mr. Cobb joined Capstone in 1994 in the capacity of Regional Vice President. Since that time, the company has grown to one of the largest fee management companies in the nation. He has completed lease ups on over 28,000 units of new and renovated properties over the past 17 years. Mr. Cobb has also overseen the development and implementation of affordable housing training and oversight systems in Capstone’s growing consulting business. With approximately 40 senior properties under management, Capstone is a leader in this expanding sector as well. With more than 20 years of expertise in the multi-family industry, he has held executive positions with several notable companies. Mr. Cobb holds a CPM® designation, is a graduate of Texas Wesleyan University, and currently serves on the Public Relations Advisory Board of the National Institute of Real Estate Management.

As Senior Vice President, Mr. Berkey will continue to be responsible for the management operations of Capstone’s Eastern Division, which includes Austin and Central Texas, as well as Capstone’s Commercial Division, the Homeowners Association Division, and the oversight of Capstone Member Services, LLC. In addition, Mr. Berkey assumes oversight of Capstone’s Affordable Housing Compliance Department. Capstone’s management portfolio includes 20,000 units of affordable housing. He will expand the company’s 3rd-party Compliance Services assisting property owners. Additionally, Mr. Berkey is now responsible for the oversight of Capstone’s Training Department, a recognized leader in developing competent and effective employees in the multifamily industry. Mr. Berkey has been associated with the management industry and Capstone since 1993. In addition to his CPM® designation, he is both a licensed Real Estate Broker and a Property and Casualty Agent. Mr. Berkey is a graduate of Texas Tech University and has held numerous positions within Capstone.

About Capstone:

Capstone Real Estate Services, Inc. is a full-service, third-party management firm presently managing approximately 33,000 multi-family units and 500,000 square feet of commercial space. Founded in 1969, Capstone maintains 12 offices across 7 states and employs over 1,100 people in the field of property management, and its portfolio extends to over 95 cities. The size of Capstone’s portfolio ranks the company as the 30th overall largest management firm in the nation.

For more information, contact: Grant Berkey – 512-646-6700

Capstone Real Estate Services, Inc.
Grant Berkey