Keelbase Capital

About Keelbase Capital

Keelbase Capital is a real estate operator headquartered in Suite 304 Seattle, Washington.

Keelbase Capital is a Seattle‑based real estate investment firm founded in July 2025 by industry veterans Cooper Engst and Paul Roeter. Together they bring nearly 40 years of combined experience in institutional capital markets, acquisitions, asset management, construction and development The principals have been involved in approximately $15 billion in transaction and development value and $3 billion in structured equity and debt financing, including over 3 million square feet Keelbase focuses on two main areas: private credit and value‑add acquisitions. It plans to deploy between $125 million and $250 million in private credit financing over three years, and pursue joint venture acquisitions totaling $200 million to $300 million The firm targets multifamily, industrial and retail assets in the Seattle metropolitan area, seeking properties at discounts to peak pricing and replacement cost. It emphasizes operational efficiency, rent growth potential and strategic repositioning to generate value‑add returns

Principals at Keelbase Capital

Markets and themes