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.
Gary Daichendt is the founder and Chairman of the commercial real estate firm, TheoryR Properties. He retired from Cisco Systems in December, 2000 where he was the Executive Vice President of Worldwide Operations. 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. As the second highest ranking executive at Cisco, he led a team of 12,000 employees in over 100 countries, increasing operational revenues and profits by over 50% per annum. After Cisco, he also briefly served as president and COO of Nortel Networks.
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, and has served on the public boards of NCR Corporation, Polycom, Emulex and ShoreTel. Gary currently serves on the board of Juniper Networks and the advisory boards of multiple private high tech companies. 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. 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 is to maintain low leverage reducing downside risk and lowering our borrowing costs.
Senior Leadership Team
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 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.
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.
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.
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 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 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.