Capstone Real Estate Services Inc. Announces Promotions

Austin, Texas—Capstone Real Estate Services Inc. announced the promotion of two of its executives. Hugh A. Cobb, has been promoted to the position of chief operating officer and Grant Berkey has been promoted to senior vice president.

As chief operating officer, Cobb is now responsible for overseeing all facets of operations of Capstone’s 33,000 unit portfolio of 3^rd-party fee management, nationwide. This multifamily portfolio consists of conventional, affordable and senior independent communities. Cobb joined Capstone in 1994 in the capacity of Regional Vice President. He has completed lease ups on over 28,000 units of new and renovated properties over the past 17 years. 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. Additionally Cobb holds a CPM® designation.

As senior vice president, 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, 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 3^rd-party Compliance Services assisting property owners. Additionally, 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. In addition, he holds a CPM® designation.