Superior Investment Performance through a Platform of Knowledge, Experience and Execution.

CAPSTAR is a real estate investment services firm that leverages decades of combined experience into a disciplined investment management approach that enables us to exceed expectations in every investment cycle.

Since launching in 2006, CAPSTAR has followed this guiding philosophy to invest more than $193 million in real estate with a proven track record of repositioning assets to achieve superior returns. The principals have combined portfolio exceeding billions in commercial property investment, asset management, portfolio and property management.

Investment Approach

At CAPSTAR, we hold firm to our entrepreneurial spirit. Our team is skilled and creative, knows the market, and moves quickly when opportunity arises. Our investment management approach is three-part: conceptualize, analyze, and execute.


Real estate is fundamentally about cash flows, present and future, and about the cap rate (or multiple) that investors assign to those cash flows. Investment properties are best viewed as competitive assets that compete for tenants in the rental market and debt and equity in the capital markets.

At CAPSTAR, we utilize deep market knowledge and experience, market relationships, and execution capabilities to produce superior results. While we focus on the office sector and invest along all points in the investment risk curve – value add, core, core plus, and development –
we will exploit opportunities in other sectors, where value can be created through leveraged relationships and execution. Our collective experience and relationships span most major US markets.


Understanding where a particular asset stands or may stand among its peers is essential for determining how it can/should compete for tenants and capital. Additionally, you must assess the risk associated with maintaining or improving the asset and its cash flow, while also determing the pricing and liability risk of its capital structure.

Whether for a new investment, reviewing an existing portfolio, or advising a client, CAPSTAR has a rigid process for classifying assets using quantitative and qualitative analysis plus judgement and expertise. The goal of investment style classification is to assess the cash flow attributes and the pricing, execution, and liability characteristics of each asset.

Our team at CAPSTAR scores each investment across 8 risk parameters and assigns risk ratings (Low, Moderate, High) for pricing, execution, and liability characteristics. This process and data leads CAPSTAR to what can and cannot be maintained or improved and what risks can and cannot be mitigated. Only when the data and opportunity is convincing do our experienced, hands-on principals and network of local professionals begin to execute.


A well designed business plan, based on the process and results from our analysis, is the road map and benchmark for CAPSTAR’s execution. The business plan is specific to how we will compete for tenants and in the capital markets – Real Estate 101 fundamentals.

Whether it is a physical repositioning, improved services, change of tenant mix, increase of occupancy, developing underutilized land, or rebalancing the capital structure, CAPSTAR has the experienced team to execute the plan.


Granite Tower

3000 Skyline

Bluffview Towers

4100 Spring Valley

10000 North Central Expressway

Westchase Place


The Meridian

The Belvedere


The CAPSTAR team combined experience of over 150 years, with each principal having more than of 27 years’ experience.

John B. Patterson

John B. Patterson


John has 25 years of commercial real estate experience with a primary focus on management and operations. During John’s career he has worked in Washington D.C. with Spaulding & Slye on multiple commercial office developments and Houston, Texas with LaSalle Partners / Jones Lang LaSalle (JLL) before joining CAPSTAR in March 2000. CAPSTAR’s portfolio eventually grew to 16 million square feet in Texas, Arizona, Illinois and Missouri. John graduated from Texas A&M with a BS and SMU with a MBA.

John Allums

John Allums


John has developed over 10,000 units during his career and joined the CAPSTAR team to head the multifamily acquisition and development program. Recently, John served as the Division President for LMC in Texas. Prior to joining LMC, Allums served as Executive Vice President and Managing Director for Inland American Communities Group, Inc. a public non-traded REIT. He has over 23 years of experience in the apartment development industry, and prior to Inland, he served as EVP for FirstWorthing Company, where he led their multifamily and student housing portfolio. Prior to that, Allums was with Post Properties for seven years, where his last role was serving as the Managing Director of Development and Construction for the Midwest Region which included the cities of Dallas, Austin, Houston, Denver and Phoenix. Allums graduated from Texas A&M in 1983 with a BS in Building Construction and from SMU in 1985 with an MBA.

Mike Loftis

Mike Loftis


Mike’s real estate career includes 34 years in the private sector, and 3 years with a global institutional real estate investor. Mike has been with several respected real estate development firms; such as, Woodbine Development Company, Lincoln Property Company, Abu Dhabi Investment Authority, and Presidio Investments, Ltd. Mike has acquired, entitled, and developed land in Texas and California; and, he has contributed to the development of Office, Multifamily, and Industrial properties across the US. A veteran of three real estate cycles, Mike has structured numerous investment ventures on behalf of owner/developer’s and limited partners. Mike graduated from the University of Texas with a BBA in Finance.


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Contact Us

14881 Quorum Drive, Suite 920
Dallas, TX 75254

Phone: 214-599-1100