Service · 01
Portfolio Checkup
A clear picture of where every asset stands and a prioritized action plan, in 30 to 45 days. Most engagements start here.
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Disciplined advisory for commercial real estate.
A fractional investment office for owners and developers, the strategic counsel of a CIO, the discipline of an institutional underwriting desk, and a sounding board on every capital decision you're about to make.
The Calturas standard
Real conviction isn't borrowed from the people selling the deal. We engineer it, assumption by assumption, before the capital is yours to lose.
Watch first
Before you wire, watch this.
The deal in front of you is built on the sponsor's numbers, the broker's comps, and a timeline set by everyone but you. Under four minutes on what changes when you have a CIO-level sounding board in the room, and how the questions a fractional investment office would ask are different from the ones the OM answers.
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The case for a fractional investment office
Most capital decisions are made on someone else's numbers.
The situation
The pro forma comes from the sponsor selling the deal. The comps come from the broker representing the seller. The timeline is set by everyone but the person writing the check.
The consequence
So the risk quietly migrates to you. Assumptions that look reasonable on a summary page, rent growth, exit cap, lease-up, go untested until they cost real money. Capital gets committed on conviction borrowed from the people who profit when it closes.
The shift
Calturas sits on the other side of that table. We rebuild the model from source data, pressure-test the assumptions that actually move the return, and tell you in plain language where the deal is fragile, before the capital moves, not after.
The discipline an institution would apply to its own balance sheet, made available to you.
The work of a fractional investment office.
All services
Service · 02
Deal Desk
Owner-side underwriting and decision support for acquisitions, refinances, and recaps. Every deal stress-tested from your side of the table.
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Service · 03
AM Office
Ongoing institutional-quality asset management, reporting, PM oversight, and decision support, without the cost of a full internal team.
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Service · 04
Strategic Capital Projects
Project-based support for refinances, partner buyouts, recapitalizations, and exit readiness. Owner-side modeling on the path forward.
Learn moreHave a deal or a question in front of you? Get support from a principal.
Get SupportThe people behind the work.
Meet the full teamThe operational discipline.
A career built across Edwards Lifesciences and Western Digital, where assumptions had to hold up to executive scrutiny. Eight-plus years in value-add CRE underwriting. MBA, UC Irvine Paul Merage School of Business. Runs every Calturas engagement on the analysis side.
Connect on LinkedInThe institutional relationships.
A career built across institutional commercial real estate, beginning at CBRE, selling institutional properties with Palmer Capital, currently CEO at Northgate Commercial Real Estate. Leads the firm's advisory and transaction practice at Calturas.
Connect on LinkedInThe analytical depth.
Owns the pro forma in Excel on every engagement, sources comps, runs sensitivity sweeps, reconciles source data against sponsor materials. Partners directly with both principals so the numbers in every memo have been triangulated, not assumed.
Connect on LinkedInThe financial discipline.
More than 15 years across general accounting, financial reporting, and tax preparation, including private equity and real estate accounting at the controller level. Audit support, multi-entity books, and business clean-up work. MBA in Accounting and Finance, Keller Graduate School of Management.
Why Calturas
The sounding board most investors don't have.
You don't have a CIO. Most operators don't. What you actually need isn't another underwriting shop, it's a second mind on every capital decision: the questions your in-house team isn't asking, the assumptions your sponsor doesn't want pressure-tested, the discipline that turns a model into conviction. That's the work of a fractional investment office. It's the work of Calturas.
How we work
On the ground
Operators, not commentators.
Every engagement is principal-led, which means the person you meet on the first call is the one walking the asset, building the model, and writing the memo. Context that shows up in the analysis: which submarkets are quietly tightening, which sponsors deliver, and which assumptions don't survive the operating reality.
About the firm