About Theory R Properties

Theory R Properties was founded in 2002 by Gary Daichendt, the former executive vice president of worldwide operations for Cisco Systems Inc. After a successful career that included being the number 2 executive of what was once the world’s highest market cap company, Gary desired to start an investment firm that would offer not only great returns but also reflect a high level of integrity in the marketplace.

The name ‘Theory R’ is meant to reflect a constant reminder to “do what is Right.” As a young executive, Gary became convicted when listening to a Christian radio talk station where the guest espoused that when contemplating a business decision, it becomes readily apparent as to what “the Right Thing to Do is” if we will only ask ourselves that question. The guest referred to this as Theory R. Gary used this phrase and philosophy in his career from that day forward and was delighted to name his investment firm after it.

Our Founder

Gary Daichendt is the founder and Chairman of the commercial real estate firm, Theory R Properties. Gary is best known for his work at Cisco Systems, Inc. during its period of highest and record achieving growth.  He served as Executive Vice President of Worldwide Operations, Cisco’s second highest ranking executive.  His career also includes the position President and Chief Operating Officer of Nortel Networks Corporation in 2005. Gary has extensive public company board experience. He has served on the Board of Directors for Juniper Networks as it Lead Independent Director, Polycom as its Chairman, NCR Corporation, ShoreTel, Inc. and Emulex Corporation.  He continues to advise multiple high-tech start-ups in the software and SaaS business.  He has also served on the boards of multiple Christian organizations including Azusa Pacific University, Walk Thru the Bible, Living on the Edge, and NAEN Ministries

Gary joined Cisco in 1994 as Vice President of Intercontinental Operations and soon became Senior Vice President of Worldwide Operations. In 1998, Gary was promoted to Executive Vice President of Worldwide Operations with worldwide responsibility for sales, support, distribution, manufacturing, and strategic alliances.  He led a team of 12,000 employees in over 100 countries, increasing operational revenues and profits by over 50% per annum.

Prior to joining Cisco, he spent 10 years at IBM in various engineering, sales, marketing, and management positions and 8 years at Wang Laboratories serving as Vice President of Central Operations and Vice President of Marketing. He is co-author of the book, I-Operations. He holds a M.S. in Mathematics from Ohio State University and a B.A. from Youngstown State University. He and his wife, Cathy, reside in California.

Theory R Properties

The uniqueness of our properties is represented in ocean front, bay front, airport runway, or even unique acreage in prosperous communities such as Orange County, California; Malibu, California and Scottsdale, Arizona.

Our Philosophy

Our philosophy is to maintain low leverage reducing downside risk and lowering our borrowing costs.

Senior Leadership Team


Gary Daichendt

Founder and Chairman

Gary Daichendt is the founder and Chairman of the commercial real estate firm, Theory R Properties. Gary is best known for his work at Cisco Systems, Inc. during its period of highest and record achieving growth.


Cathy Daichendt


Cathy Daichendt has been a managing member of Theory R Properties since its inception in 2002. Cathy started her career in banking and finance taking hiatus to raise a family of four children before returning in 2002 as a founding member of Theory R.


Buddy Molway

Vice President of Operations

Buddy is responsible for property management in California and has oversight of day to day operations, maintenance, construction services and tenant support. Buddy is a licensed broker in California and also holds his CPM designation.


Brandon Quinn

Arizona Property Manager

Brandon joined our team in 2017 as a line service technician. In that capacity, he provided exceptional customer service to our aircraft tenants at the Southwest Jet Center located in beautiful Scottsdale, Arizona. In 2018, Brandon transitioned into an administrative role before progressing into the Arizona Property Manager position in 2022. He works diligently assisting our office and retail tenants in daily operations and management functions.


Kathleen Treger

Chief Financial Officer

Kathleen is the Chief Financial Officer for Theory R Properties and also leads Human Resources. She joined Theory R Properties in 2014 and is responsible for all things accounting and finance for all Theory R entities.


Christine Molway

Budget Analyst

Christine joined our team in 2017 and assists in various roles including accounting, bookkeeping and reporting for multiple California properties. Christine has a B.A. in Mathematics and previously worked in the retail industry.


Katie Beshore

Budget Analyst

Katie joined our team in 2020 and assists in various roles including accounting, bookkeeping, Human Resources, and reporting for multiple properties. Katie has a B.A. in Mathematics and previously worked in a junior high school teaching mathematics.

Theory R Properties

What separates us from other commercial property investment firms is our remarkably low administrative overhead, ability to negotiate and close on transactions quickly, and the absence of a 'purchase and flip' mentality. It is always our desire that the people we do business with recognize integrity in every transaction.
Mixed-use retail, restaurant, and office space
Office and warehouse space with unique and modern architecture.
New Upscale Restaurant & Bar.
241 and Santa Margarita Pkwy
Two acres of land in the Harbor of Huntington Beach
Office & private airplane hangar space
Premier retail and restaurant located in the Scottsdale Airpark.
Located on the Scottsdale Airport

Theory R Office

14988 North 78th Way, Suite 112
Scottsdale, AZ 85260

Phone & Email

Phone: 949-346-5080
Fax: 866-577-4618
E-Mail: Info@TheoryR.com