Capstone’s History

Capstone was organized in July 1996 by Lee and Barbara Peterson. Upon graduating from the University of Utah in 1971 with a degree in finance, Lee Peterson began a career in real estate and property management. He worked in commercial real estate development, general management, and prior to becoming Capstone’s owner, Lee was the Director of Property Management for a large company. Establishing Capstone enabled Lee to provide his vision of tailoring services to meet the needs of each of his client’s while providing high-level customer service.
Lee was the President and Owner of Capstone for 16 years. Upon retirement in 2013, Lee searched for individuals to carry on Capstone’s vision. Kent Gibson, Dave Wright, and Todd Mabey were looking for an opportunity to become business owners. As they interviewed with Lee, he felt confident his legacy and vision would carry on. Kent, Dave, and Todd encompassed the vision Lee had created. They wanted to provide the quality service of a small business with the experience of a large corporation by customizing services to meet each client’s goals and objectives, and giving each property exceptional service by a senior level manager. Collectively they bring over 90 years of commercial property service experience.
This trio compliments each other and brings experience with commercial office buildings, industrial/warehouse, retail and multi-unit residential properties. During their careers they have developed, constructed, managed, repositioned, leased, and retained owners and tenants in each type of property. Since 2013, Capstone has more than doubled in size by staying true to its vision of providing tailored services and a high level of customer service.