Investment syndication

Local market expertise. Independent thinking.

Entrepreneurial approach leading to results.

We focus on value investing in retail, industrial, and office opportunities. We partner with private investors, family businesses, occupiers, and private equity funds. Our decisions are made with careful analysis and on-the-ground research, and are typically contrary to the mainstream investment preference of the moment. With an in-depth understanding of specific sub-markets and property types, combined with our experience managing and owning assets ourselves, we execute on investments that lead to results—no matter the market state.

CEG is a hands-on operator that focuses on active leasing, property management, and construction management. We identify and reposition fundamentally sound properties that need capital to cure deferred maintenance and implement improvements including cosmetic enhancements, more targeted leasing, and a revamp of operating expenses.

Meet Our Team

Pat Geary

Co-Founder | Managing Partner

Pat is the Co-Founder and Managing Partner of CEG Capital Partners, and also serves as President and CEO of CEG Advisors and CEG Management. Pat focuses on the sourcing and acquisition of new investment opportunities, leading the company’s brokerage and management platforms and developing and managing investor and client relations.

A commercial real estate professional since 2005, Pat has been involved in the acquisition, stabilization, disposition, management and leasing of more than $450 million in transaction volume, consisting of 3.5 million square feet, over 100 escrows and 500+ leases.

In 2017, CEG was formed to provide a full-service platform focused on the private capital commercial real estate sector. The company advises clients and partners in a variety of service lines, including direct investment as a Sponsor/Operator, property management and brokerage.

Pat grew up in Sacramento and has lived in San Diego since 2002, receiving his Bachelor of Science in Finance with an Emphasis in Real Estate from San Diego State University. As Co-Founder of The Real Estate Society of SDSU, Pat continues his involvement as an Advisory Board member of The Corky McMillin Center for Real Estate. Additionally, Pat is an active member and sponsor of the San Diego Chapter of NAIOP and serves on the Business Development Committee of The College Area Business District.

 

Pat Geary

Co-Founder | Managing Partner

pgeary@cegcapitalpartners.com

Jerry Rudick

Co-Founder | Managing Partner

As Co-Founder and Managing Partner of CEG Capital Partners, Jerry focuses on the sourcing and acquisition of investment opportunities and construction management operations.

Jerry has had a varied career in real estate, beginning with the entitlement and development of luxury single family and multi family residential. Over the last decade, he has transitioned into acquiring underperforming commercial properties and successfully repositioning them into a portfolio of stabilized assets. Jerry’s other business interests include the operation of a top performing insurance company and several luxury kitchen and bath showrooms.

A San Diego native, he graduated Summa Cum Laude and Phi Beta Kappa with a degree in Political Science from UCLA. Proficient in five languages, Jerry has a passion for foreign studies and is an avid world traveller. His biggest passion is his 3 year old pup, Lucy, who can be found participating in the day to day operations at CEG.

Jerry Rudick

Co-Founder | Managing Partner

jrudick@cegcapitalpartners.com

Dan Geary

Vice President

Dan is well-versed in both the operational and marketing platforms of commercial real estate, with a diverse skill set that reflects the dynamic nature of the business today. He handles the company’s marketing efforts, oversees IT systems management and coordinates the elements of all transactions through the pipeline.

Dan is a Sacramento native and has called San Diego home since 2006. He graduated from San Diego State University, with a Bachelor of Science in International Business. Proficient in Spanish, he spent a semester abroad at the University of Guadalajara and continues to travel to Mexico on a regular basis.

Dan Geary

Vice President

dgeary@cegadvisors.com

Current & Past Projects

Mercury Ronson Plaza

28,734 SF Industrial/Flex Center

– 4810 & 4820 Mercury St and 8050 Ronson Rd, San Diego, CA 92111
– Acquired March 2023

Mercury Ronson Plaza

28,734 SF Industrial/Flex Center

Kearny Square

25,409 SF Retail Center

– 7604-7612 Linda Vista Rd, San Diego, CA 92111
– Acquired September 2022

Kearny Square

25,409 SF Retail Center

Convoy Gateway Plaza

26,939 SF Retail & Office Project

– 3707 & 3709 Convoy St, San Diego, CA 92111
– Acquired March 2022

Convoy Gateway Plaza

26,939 SF Retail & Office Project

Convoy Court

29,442 SF INDUSTRIAL BUILDING

– 7520 Convoy Ct, San Diego, CA 92111
– Acquired in 2021
– Re-positioned and sold to an owner/user in 2022

Convoy Court

29,442 SF INDUSTRIAL BUILDING

Convoy Village

42,338 SF MULTI-TENANT RETAIL CENTER

– 4344 Convoy Street, San Diego, CA 92111
– Acquired May 2021

Convoy Village

42,338 SF MULTI-TENANT RETAIL CENTER

The Convoy

51,449 SF MULTI-TENANT RETAIL CENTER

– 4428-44 Convoy Street, San Diego, CA 92111
– Acquired off-market in November 2017
– Implemented an overall repositioning and rebranding of the property
– New landscaping, parking lot asphalt and restriping, facade enhancement, lighting, paint and ADA improvements.
– Upside in current and future redevelopment of the Convoy District of Kearny Mesa
– Stabilized in 2020 for a long term hold

The Convoy

51,449 SF MULTI-TENANT RETAIL CENTER

East County Industrial Park

54,252 SF Multi-Tenant Industrial Park

– Acquired in 2018 from the family of the original owner, the Property had deferred maintenance and under market rents
– Incubator 1,000-2,000 SF industrial suites
– Stabilized and repositioned in 2020
– Sold in October 2021 for a market leading price to an established local operator

East County Industrial Park

54,252 SF Multi-Tenant Industrial Park

Helix Center

20,968 SF Multi-Tenant Retail Center

– Acquired in 2019 at 50% occupancy
– Property was in need of new capital investment, rebranding and lease-up
– Stabilized in Q3 2021

Helix Center

20,968 SF Multi-Tenant Retail Center

Lake Murray Center

42,624 SF Multi-Tenant Retail Center

– Acquired off-market in 2014 at 80% occupancy
– Center needed updating and improved leasing and management
– After increasing the NOI, the Property was refinanced for a long term hold

Lake Murray Center

42,624 SF Multi-Tenant Retail Center

Vista Industrial Park

51,200 SF Multi-Tenant Industrial Park

– Acquired in 2013 for a low basis
– Multi-building industrial park with a range of suite sizes
– The Property was updated with a new paint scheme, landscaping, signage and asphalt and concrete parking areas
– Occupancy has since maintained 95%+, and the Property was refinanced for a long term hold

Vista Industrial Park

51,200 SF Multi-Tenant Industrial Park

Prospect Park

29,885 SF Multi-Tenant Industrial Park

– Acquired in 2011, this Property was in good shape but was being sold as a result of family trust needs, resulting in an attractive entry basis
– Rents have steadily increased since acquisition, and ownership has since refinanced and pulled out all of its cash investment
– The Property sits just off the 67 & 52 interchange, in a steadily improving section of East County

Prospect Park

29,885 SF Multi-Tenant Industrial Park

3750-72 30th Street, San Diego, CA

8,500 SF Retail Center

– Acquired off-market in 2018, the Property was in need of a significant turnaround
– Located in the heart of North Park, one of San Diego’s most dynamic neighborhoods
– A rebranding and lease-up was implemented, resulting in a new tenant line-up and market leading rents
– Stabilization achieved in 2020, with all new businesses targeting to open by 2021

3750-72 30th Street, San Diego, CA

8,500 SF Retail Center

Kearny Mesa Office

9,250 SF Office Building

– Acquired in 2018 from a long time corporate owner
– Formerly a radio station for over 25 years, the Property was repositioned with significant cosmetic improvements
– High visibility from 163 and 805 freeways in the heart of Kearny Mesa
– The Property was sold in 2019 to an owner/user at a market leading price

Kearny Mesa Office

9,250 SF Office Building

Aztec Village

25,556 SF Multi-Tenant Retail Center

– Acquired in 2019, sourced off-market
– With years of mismanagement and neglect, the Property has been cleaned up with cosmetic renovations and bringing rents to market
– The Property sits in the middle of the The College Area, close to SDSU and is surrounded by student housing and the desirable communities of Del Cerro, Rolando and La Mesa
– Stabilized in Q3 2021

Aztec Village

25,556 SF Multi-Tenant Retail Center

5700-16 El Cajon Blvd, San Diego, CA

7,200 SF Retail Center

– Acquired in 2018, the Property had been neglected for years and was in need of new capital
– Located within the College Area and growing El Cerrito neighborhood, the property has been cleaned up and is now 100% leased
– Property will be held long term

5700-16 El Cajon Blvd, San Diego, CA

7,200 SF Retail Center

5540-48 El Cajon Blvd, San Diego, CA

4,700 SF Retail Center

– Acquired 100% vacant in 2015 and with significant deferred maintenance
– Cosmetic improvements were implemented, and a new marketing effort resulted in new and exciting businesses being attracted to the center
– The Property has been refinanced for a long term hold

5540-48 El Cajon Blvd, San Diego, CA

4,700 SF Retail Center

Mission Gorge Business Park

32,134 SF Multi-Tenant Flex Park

– Sourced and closed off-market in 2015 from a partnership that had debt maturing
– Located in the Grantville submarket, this flex Property is an ideal fit for a variety of local small businesses
– The Property experienced a complete cosmetic clean-up, while also addressing deferred maintenance
– The tenancy was improved and rents brought to market through new leasing and renewals

Mission Gorge Business Park

32,134 SF Multi-Tenant Flex Park

8745-47 N Magnolia Avenue, Santee, CA

36,345 SF Industrial Park

– Originally acquired as a lender-owned asset in 2011
– The Property was refreshed with new capital, and ultimately stabilized and held for cash flow
– The Property was sold in 2019 and the proceeds exchanged into another investment opportunity

8745-47 N Magnolia Avenue, Santee, CA

36,345 SF Industrial Park

Ruffin Business Center

80,000 / (4) Building Office Park

– Four (4) Class B office buildings located within a larger distressed office park
– Acquired three (3) during 2011-2012, two of the buildings were 100% vacant at close
– Each building received immediate renovation of the common areas, restrooms, and also the parking lot and landscaping
– The buildings have now historically remained over 90% occupied
– Acquired the fourth building in 2021

Ruffin Business Center

80,000 / (4) Building Office Park

9740 Appaloosa Road, San Diego, CA

15,832 SF Office Building

– Acquired from a distressed seller in 2011, the Property was cleaned up and stabilized
– As the economy improved out of the Great Recession, the Property was sold to an owner/user who would occupy part of the building
– The Property was sold in 2014 and the proceeds were exchanged into another value-add opportunity

9740 Appaloosa Road, San Diego, CA

15,832 SF Office Building

Kearny Mesa Office Suites

13,728 SF Small Office Suites

– Sourced off-market from the original owner in 2012
– The Property was in decent condition, but the aesthetic was in desperate need of an update
– The interior and exterior areas were renovated with new common areas, restrooms, kitchenettes, refinished office areas, landscaping, signage and paint
– The Property was sold to an owner/user in 2018

Kearny Mesa Office Suites

13,728 SF Small Office Suites

4926-30 Naples Street, San Diego, CA

4,450 SF Single Tenant Office/Flex

– Property was acquired in 2014 from a long time owner
– Private seller financing was structured
– A single tenant was secured to a long term lease and the Property is being held long term

4926-30 Naples Street, San Diego, CA

4,450 SF Single Tenant Office/Flex

8615 Mellmanor Drive, La Mesa, CA

Fourplex Residential

– This multifamily Property was acquired in 2009 through a Trustee Sale
– The Property has since been refinanced to be held long term

8615 Mellmanor Drive, La Mesa, CA

Fourplex Residential

Lemon Grove Commercial Kitchen

4,912 SF Freestanding Building

– Acquired in Fall 2020, has commercial kitchen improvements and a retail storefront
– Owner to hold long-term, perform minor cosmetic improvements

Lemon Grove Commercial Kitchen

4,912 SF Freestanding Building