Capistrano Real Estate Advisors was founded by Cody Leivas, a principal-level commercial real estate investor who holds two master's degrees: an MS in Real Estate from Chapman University and an MS in Investment Management and Financial Analysis from Creighton University.
Cody is also Principal at Bluebird, an industrial CRE investment platform. Every workflow Capistrano sells is one Cody runs on his own deals — the underwriting model, the offering-page system, the IC memo voice, the lease-abstract schema.
The firm has advised on more than $750M of transactions and currently supports asset-management reporting on more than $30M of holdings.
Capistrano's system was built for Bluebird's own raises first — the offering pages, the OMs, the investor communications that carry a deal from contract to close. Sponsors who saw the offering pages asked who made them. The studio is that answer: the same system, on your brand, at a flat published fee. The analyst work — underwriting, lease abstracts, memos — still sits under every deliverable, and Cody reviews every piece before it ships.
Meet the Founder
Cody Leivas
Capistrano Real Estate Advisors was founded by Cody Leivas, a principal-level commercial real estate investor who holds two master's degrees: an MS in Real Estate from Chapman University and an MS in Investment Management and Financial Analysis from Creighton University.
Cody is also Principal at Bluebird, an industrial CRE investment platform. Every workflow Capistrano sells is one Cody runs on his own deals — the underwriting model, the offering-page system, the IC memo voice, the lease-abstract schema.
The firm has advised on more than $750M of transactions and currently supports asset-management reporting on more than $30M of holdings.
Capistrano's system was built for Bluebird's own raises first — the offering pages, the OMs, the investor communications that carry a deal from contract to close. Sponsors who saw the offering pages asked who made them. The studio is that answer: the same system, on your brand, at a flat published fee. The analyst work — underwriting, lease abstracts, memos — still sits under every deliverable, and Cody reviews every piece before it ships.
"Every workflow we sell is one we run on our own deals."
Areas of Expertise
What We Produce
Analysis and materials. Not brokerage, not advice.
Capistrano produces commercial real estate analysis and capital-raise materials. We build proformas, abstract leases, write investment memos, design offering pages, and ship the materials sponsors need to win deals. We do not provide brokerage, investment management, accounting, tax, legal, or securities counsel services. We do not act as a registered investment adviser, broker-dealer, or CPA firm. Production deliverables are work product; all decisions remain with the client and their designated advisors.
Our Principles
The Foundation of Every Engagement
Founder review
Every deliverable is reviewed by Cody before it ships. No exceptions.
Schema first
Same field structure on every deal. The work compounds.
Cycle time honored
The number on the engagement letter is the number we hit.
The system stays
Models, prompts, and schemas are yours after every engagement.
Conflict-free
We don't broker, place capital, or take success fees. Production only.
Discretion
What lands on our desk stays on our desk.
Founder review
Every deliverable is reviewed by Cody before it ships. No exceptions.
Schema first
Same field structure on every deal. The work compounds.
Cycle time honored
The number on the engagement letter is the number we hit.
The system stays
Models, prompts, and schemas are yours after every engagement.
Conflict-free
We don't broker, place capital, or take success fees. Production only.
Discretion
What lands on our desk stays on our desk.
Credentials & Experience
A Foundation of Expertise
10
Years in Real Estate
$750M+
Transaction Experience
Principal
Bluebird CRE
MS Real Estate
Chapman University
MS Investment Management
Creighton University
Professional Affiliations
NAIOP
NAIOP, Commercial Real Estate Development Association
Member
ULI
Urban Land Institute
Member
Chapman University, Alexander E. Hayden School of Real Estate
Young Executive Advisory Council
Request a Quote
We work with a limited number of clients each year. Introductory conversations are designed to assess fit and alignment.