# Diablo Investment Advisors

Diablo Investment Advisors is an Asset Manager based in Ponte Vedra Beach, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Ponte Vedra Beach, United States
- **Region:** North America
- **Address:** San Mateo, CA, United States
- **Founded:** 1995
- **Assets under management:** $100M - $500M (Altss estimate)
- **Website:** diabloinvest.com

## Regulatory record

- **CRD number:** 148139
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/148139

## About

Diablo Investment Advisors, LLC is a state-registered investment adviser in Ponte Vedra Beach, FL. The firm manages approximately $42 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- Real Estate

## People

- Michael J. Kelly — President & Chief Investment Officer

## Questions

### How does Diablo Investment Advisors source its property acquisitions?

The firm relies heavily on long-standing relationships with regional commercial brokers, property owners, and lenders in California, Arizona, and Washington. It targets off-market and lightly marketed properties where operational complexity — deferred maintenance, vacancy, mismanagement — discourages broader bidding processes. This sourcing model depends on the team's multi-decade presence in specific submarkets.

### Does Diablo Investment Advisors manage commingled funds, separate accounts, or both?

Diablo manages both commingled real estate funds and single-investor separate accounts. The separate account structures are often tailored for institutional LPs, including public pension funds, that require custom fee arrangements and investment policy compliance. The commingled vehicles serve a mix of family offices and smaller institutions.

### Where does the firm invest geographically?

The firm's investment footprint is concentrated in the Western United States, primarily California, Arizona, and Washington. It does not pursue national or coastal diversification, instead focusing on acquiring operational density within a handful of target metropolitan areas.

### Does Diablo Investment Advisors invest in ground-up development?

The firm primarily acquires existing income-producing properties and does not emphasize ground-up development as a core activity. Its value-add approach involves renovating, re-tenanting, and repositioning standing assets rather than bearing construction and entitlement risk from a vacant site.

## Related profiles

- [DH Private Equity Partners](https://altss.com/profile/dh-private-equity-partners)
- [Diametric Capital](https://altss.com/profile/diametric-capital-lp)

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

Canonical page: https://altss.com/profile/diablo-investment-advisors-llc

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