John E. Michaelsen

– President

John E. Michaelsen

By the time John Michaelsen founded Capital Growth Properties, Inc. in 1982, he was already a veteran of the real estate industry, as well as a proud Veteran of our nation’s Armed Forces, having served our country as a Lieutenant in the United States Navy from 1966 to 1970. Upon trading his Navy uniform for a civilian’s suit and tie, John put his master’s degree in business administration from Columbia University to good use by joining U.S. Guaranty Capital, serving as the company’s vice president until 1973.

At that point, he joined Citizen’s Financial Corp., where he also served as vice president. Between 1973 and 1976, John was responsible for managing the company’s San Diego branch office and negotiating, underwriting, and closing construction loans on a variety of real estate projects. During this time, he acted as an advisor to National Mortgage Fund, a mortgage real estate investment trust, and to Citizens Growth Properties, an equity real estate investment trust.

John used the invaluable experience he gained during his tenure at Citizen’s Financial Corp. to become co-owner and president of Capital Advisors, Inc. Like CGP, Capital Advisors, Inc. provided a wide range of real estate services, including the acquisition, planning, construction, leasing, and management of investment properties throughout San Diego County. John remained with Capital Advisors, Inc. until 1982, when he founded CGP, where he has acted as president and CEO for three decades and counting.

In addition to his work with CGP, John is active both in his community and in a variety of prestigious professional organizations:

  • Mt. Soledad Memorial Association – Trustee & Treasurer
  • San Diego County Apartment Association – Past President
  • La Jolla High School Foundation – Past President
  • La Jolla YMCA – Past Chairman
  • La Jolla Town Council – Past Board of Trustees
  • La Jolla Country Club – Past Board of Directors