History

CAPSTONE DEVELOPMENT PARTNERS, LLC is exclusively focused on the development of student housing projects in affiliation with universities on campus or near campus. We are often considered to be the industry leader in the market niche of on-campus and university-affiliated development as it relates to both service and product quality. As a company, we have been focused exclusively on university related developments since our founding in 1990 and our principals have more than 60 years of combined experience focused on aligning objectives and providing an uncommonly high level of service to each of our university partners and projects.

Capstone Development Corp. opened in 1990 and soon became known as one of the most innovative developers of student-oriented facilities across the nation. Capstone began by developing and managing large student apartment communities near major colleges and universities (13,000 beds in 19 communities). As a result of our success, numerous universities approached Capstone for assistance with their on-campus housing development and management needs. In 1994, we formed an on-campus division, and since that time we have partnered with over sixty colleges or universities structuring nearly $3 Billion in development financings ranging from conventional debt and equity to tax exempt financings with many varieties and nuances of each method to fit a particular transaction and situation.
Capstone has always been known as an innovator and that tradition continues to this date with the recent introduction of Capstone Development Partners’ P3+ program that provides unprecedented flexibility and beneficial project attributes to schools seeking to privately develop on campus utilizing conventional debt and equity. (For more information on P3+ refer to the “Our Approach” page or contact one of the Principals directly.)

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