Development
Capstone has developed over two million square feet of urban real estate including hospitality, residential, and mixed-use projects. We have extensive experience in the creation and successful execution of public-private partnerships, and constructive engagement with diverse communities of stakeholders where our projects are located. Capstone’s pipeline of future development is comprised of over two million square feet of unique, urban projects.
ACQUISITIONS
Capstone selectively acquires existing urban properties where we can create incremental value through renovation, re-branding, repositioning, and intensive asset management. Our current and historical portfolios comprise 2.8 million square feet of core-plus and value-add investments.
Founder
Norman K. Jenkins
President, Capstone Development
Norman Jenkins founded Capstone Development in 2009. Prior to launching Capstone, Mr. Jenkins was a senior executive and corporate officer of Marriott International, Inc. (NASDAQ: MAR). During his 16-year tenure with Marriott, he served in a variety of leadership roles including: Senior Vice President, North American Lodging Development; Vice President & Chief Financial Officer, Ramada International; Vice President, Owner & Franchise Services; and Acquisition Executive. Prior to joining Marriott, Mr. Jenkins spent five years with McDonald’s Corporation where he held positions in finance and operations.
Mr. Jenkins serves on the board of directors of AutoNation (NYSE:AN), RE/MAX Holdings (NYSE: RMAX) and Urban Edge Properties (NYSE: UE). Additionally, Mr. Jenkins is a member of the Washington, D.C. Developer Roundtable, and is a former member of the Howard University and Suburban Hospital boards of trustees. Mr. Jenkins earned a BA in Accounting from Howard University, an MBA from George Washington University and is a certified public accountant.
