# Capital Asset Management

Capital Asset Management is an Asset Manager based in Columbus, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Columbus, United States
- **Region:** North America
- **Address:** Washington, DC, United States
- **Founded:** 1987
- **Assets under management:** Undisclosed
- **Website:** capitalasset.com

## Regulatory record

- **CRD number:** 120597
- **SEC file number:** 801-121081
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/120597

## About

Capital Asset Management, Inc. is an SEC-registered investment adviser in Columbus, OH, registered since 2021. The firm manages $200 million in assets, with $196 million on a discretionary basis. It has 3 employees and 2 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Energy Transition & Renewables

## People

- Joel M. Lerner — Chairman and CEO
- Sarah E. Lerner — President

## Questions

### Who runs investment decisions at Capital Asset Management?

Joel M. Lerner, as Chairman and CEO, oversees investment strategy and deal sourcing, with Sarah E. Lerner as President managing firm operations. The firm's governance reflects its closely held, family-managed structure. No independent investment committee or outside board representation is disclosed publicly.

### How does Capital Asset Management structure its real estate offerings?

The firm primarily uses Delaware Statutory Trust structures to allow individual 1031-exchange investors to acquire fractional interests in institutional-grade commercial properties. These DST interests are sold through a network of independent broker-dealers rather than through direct institutional channels. Target properties include net-leased office, industrial, and retail assets across US secondary markets.

### What is Capital Asset Management's exposure to energy investments?

Historically focused on oil and gas royalty trusts and working-interest programs, the firm has recently expanded into renewable-energy credit facilities, including a disclosed community-solar subsidiary formed in September 2023. This shift marks a strategic diversification away from legacy fossil-fuel exposure.

## Related profiles

- [Research Affiliates](https://altss.com/profile/research-affiliates)
- [Mathematica Capital Management](https://altss.com/profile/mathematica-capital-management-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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