Maximizing the Value of Retail Properties

We help property owners increase income, reduce vacancies, and build long-term value through expert retail management and leasing.

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Retail locations

Properties

30+

Years

Our National Tenants

Our Mission

To maximize the performance and long-term value of retail real estate by combining hands-on management, strategic leasing, and data-driven decision-making.

We focus on improving occupancy, strengthening tenant mix, and creating retail environments where businesses succeed and communities grow.

What We Do

Property Management

Reliable day-to-day operations that protect asset performance and support tenant success.

Leasing & Brokerage

Strategic leasing focused on reducing vacancies and securing high-quality tenants.

Asset Management

Data-driven strategies that improve performance and increase long-term property value.

Acquisitions & Dispositions

Expert guidance through buying and selling retail assets with a focus on maximizing returns.

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Meet Our Team

Founders

Gary Davies

President and Founder

Mr. Davies is responsible for the day to day operations of the company. He handles oversight of all business matters and is responsible for the direction of the company. He has a long history of developing shopping centers, free-standing single tenant buildings, offices, and industrial parks.

David Hill

President and Founder

Mr. Hill is an advisor to the senior management of Cape Asset Management and he actively manages various special projects. He has a 28 year real estate development and asset management career that includes numerous shopping centers, land developments and free-standing buildings.

Executives

Jackson Hill

Vice President of Development

Elliott Davies

Vice President of Finance and Marketing

Elliott Davies joined Cape in May 2022 as Development Manager. As a fourth-generation commercial developer, he brings a strong foundation in real estate development and financial strategy to the organization. In his role, Elliott oversees the financial operations of both the development and retail divisions, supporting...

Ivan Hill

President of Canal Coffee Co.

Responsible for driving the strategy behind operations, marketing, and financial alignment — ensuring every initiative maps directly to company growth. With a sharp focus on KPI performance and process optimization, I am accountable for turning strategy into measurable results.
As a Bryant University finance...

Directors

Carrie McNeil

Director of Asset Management

David Bertsch

Director of Property Management

Barrett Trapnell

Director of Human Resources

Mr. Trapnell is the Human Resources Director of Cape Asset Management and it’s affiliates. Supporting management and staff for four companies under the Cape umbrella. This includes Cape Asset Management, Canal Coffee Co., HiTONE Fitness and Smoothie King. The Human Resources department...

Finance

Dylan Ritch

Chief Financial Officer

Kelsey Rhue

Real Estate Controller

Jackson Hill

Vice President of Development

Jackson Ace Hill is the VP of Development. His role at Cape Asset Management is to oversee all areas of new development, foster relationships with clients, and coordinate with key vendors. He has been working with Cape since 2020, after he received his BA from Elon University. “I love coming to work each day to tackle a new challenge, and have greatly enjoyed getting to know the variety of people who I have the pleasure of working with”. While he was born and lived in Charlotte for many years, including the last 5 years, his second home is Orleans, MA on Cape Cod where he spent his high school years.

Elliott Davies

Vice President of Finance and Marketing

Elliott earned his Bachelor of Science in Business Administration and Data Analytics from Furman University in 2022. His educational background, combined with his industry perspective and analytical approach, allows him to contribute to the company’s continued growth and operational success.

Ivan Hill

President of Canal Coffee Co.

As a Bryant University finance graduate, I bring a systems thinker's mindset to bridge the gap and create synergy between field operations, financial management, and marketing initiatives to achieve Canal's growth goals. I am passionate about being part of organizations that deliver exceptional products and services while making a meaningful impact in the communities they serve.

Outside of work, I can be found at the chessboard, the poker table, or cheering on FC Bayern München — a devoted fan of the beautiful game

Carrie McNeil

Director of Asset Management

Mrs. McNeil is the Director of Asset Management for Cape Asset Management. Her focus is on leasing retail space within Cape’s property portfolio. In addition to leasing, she is involved with the acquisitions and dispositions of improved property and outparcels. She is also involved in working with other departments within Cape as it pertains to financing, insurance and property management. Mrs. McNeil has over 20 years of commercial brokerage and development experience. She began her career in Cincinnati, Ohio as a retail broker. She moved to Charlotte, North Carolina in 2005 and continued in retail brokerage where she eventually moved into both a broker and development role. Mrs. McNeil has been with Cape Asset Management since 2013. Mrs. McNeil graduated from the University of Cincinnati with a B.A. in Marketing/Commercial Real Estate. Years of Experience: 20

David Bertsch

Director of Property Management

Mr. Bertsch is Director of Property Management for Cape Asset Management. The Company manages more than 2 million sf of retail properties in six states. The portfolio consists of more than 400 tenants representing approximately 39 million in annual revenue. Mr. Bertsch has 20+ years of commercial property management experience in Class A office, Retail, Data Center, Industrial and Medical Office properties. He holds a North Carolina Real Estate Broker License, Six Sigma Certification as well as Real Property Administrator (RPM) Designation. Mr. Bertsch graduated from Florida International University with a B.S. in Communication. Years of Experience: 25

Barrett Trapnell

Director of Human Resources

Cape’s Human Resources Director, Barrett Trapnell, has been a valued member of the team since 2018, bringing more than two decades of human resources experience to the organization. Since beginning his HR career in 2001, Barrett has built a diverse background working for one of the world’s largest companies, gaining expertise across all aspects of human resources, including processes, procedures, talent development, and organizational growth. He partners closely with leadership to attract, develop, and retain exceptional talent that drives outstanding results for clients. A graduate of Radford University and holder of a PHR certification, Barrett values Cape’s family-owned culture and commitment to supporting and developing its team members. Outside of work, he is proud of his daughter’s pursuit of a dental degree at Medical University of South Carolina and has applied leadership skills gained through military service to coaching high school lacrosse in the Charlotte area. senior leadership to create, implement and manage. Over the course of Mr. Trapnell’s twenty year career, he has successfully supported multiple industries from food service to law offices. Years of experience: 20

Dylan Ritch

Chief Financial Officer

Dylan Ritch is the Chief Financial Officer of Cape Asset Management, where he oversees the company’s accounting, finance, and strategic financial operations across its real estate investment and development portfolio. In his role as CFO, Mr. Ritch is responsible for financial reporting, budgeting and forecasting, cash flow management, banking and lender relationships, treasury management, financial analysis, internal controls, tax coordination, and oversight of day-to-day accounting operations. He also works closely with executive leadership on strategic planning, capital structuring, investment analysis, operational efficiency initiatives, and long-term financial decision-making.

Mr. Ritch is originally from the east side of Charlotte in Mint Hill and earned his undergraduate degree in Accounting and Business Administration from Washington and Lee University. He also received his Master of Accounting degree from the UNC Kenan-Flagler Business School at University of North Carolina at Chapel Hill.

With nearly a decade of experience across a variety of accounting and finance roles, Mr. Ritch has developed expertise in corporate finance, real estate finance, financial reporting, operational accounting, budgeting, and strategic planning. His background combines strong technical accounting knowledge with practical leadership experience supporting complex real estate operations and organizational growth.

Kelsey Rhue

Real Estate Controller

Ms. Rhue is the Real Estate Controller for Cape Asset Management with over 5 years of experience in corporate finance and accounting. Known for a strong analytical mindset and meticulous attention to detail, she has successfully led financial operations for organizations ranging from residential to commercial real estate corporations. In her current role at Cape Asset Management, Ms. Rhue oversees budgeting, forecasting, financial reporting, and compliance, ensuring that financial practices align with regulatory standards and support long-term business goals. A trusted advisor to executive leadership, she plays a key role in identifying cost-saving opportunities, optimizing cash flow, and driving financial efficiency. Ms. Rhue holds a MACC from the University of North Carolina at Charlotte and BA in Business from the University of Southern Maine. Years of Experience: 12