Capstone Development Partners, powered by Lincoln, has expanded its leadership team with four strategic appointments to support growth in campus development and student housing. The new hires are Nick Martin as Chief Financial Officer, Josh Smith as Executive Vice President of P3 Development, Sally Langford as Vice President of Transitions and University Partnerships, and Taylor Thompson as Development Manager. The appointments aim to strengthen Capstone's public-private partnership platform for colleges and universities. Martin brings nearly 20 years of financial leadership experience, whilst Smith has led development of over 15,000 student housing beds across the country. Since 1997, Capstone has partnered with over 70 colleges and universities, delivering more than 50,000 beds of student housing nationwide.

Capstone Development to build Student Housing at the University of Virginia. Washington DC + Student Housing The University of Virginia (UVA) has selected Capstone Development Partners to build new upper-class student housing on the campus. Capstone's partners for the project are Elkus Manfredi Architects and a joint-venture construction team of Hoar Construction and Hourigan. Scheduled to be completed for the fall 2027 term and housing approximately 780 students, the new residence hall project will feature apartment-style units. Located in the Emmet Ivy Corridor at the intersection of Copeley Road and Ivy Road, the new housing development will comprise three new residential buildings, totaling 310,000 square feet, which will reach heights of five and six stories. The new housing will also feature a 19,000-square-foot dining and retail component. The student housing project is a collaboration between UVA and Capstone Development Partners, which serves as a fee developer responsible for the design and construction of the buildings, with project financing provided by the University.

Lincoln Property Company acquires university-focused Capstone Development Partners. With roots dating back to 1990, Capstone has partnered with more than 70 colleges and universities across the U.S., with projects spanning from student housing to mixed-use campus developments. Ali Daubert, Chief Strategy Officer and Head of M&A at Lincoln Property Company [Photo: Lincoln Property Company] Dallas-based Lincoln Property Company has acquired Capstone Development Partners, a leading student housing and university facilities development and management company based in Birmingham, Alabama. The acquisition is also inclusive of Capstone Management Partners, Lincoln said. Capstone will join the Lincoln platform, strengthening Lincoln's position in higher education infrastructure and enhancing its capabilities in the development, financing, and operation of on-campus and university-affiliated housing, as well as related real estate solutions, the Dallas-based firm said. With roots dating back to 1990, Capstone has partnered with more than 70 colleges and universities across the U.S., providing "tailored public-private partnership solutions that advance long-term institutional goals," Lincoln said, with projects spanning from student housing to mixed-use campus developments. "Capstone has long been a recognized leader in student housing and campus facilities development," Alison Daubert, chief strategy officer at Lincoln Property Company, said in a statement. "Their specialized expertise complements Lincoln's national platform with robust resources, allowing us to better support higher education institutions with even greater experience and expertise." Details on the acquisition. Capstone will continue to operate as Capstone Development Partners, powered by Lincoln. William Davis, Capstone's chief development officer, will step into the role of managing principal, collaborating with Capstone's leadership team of P3 development and operational experts. Capstone Co-Founders Bruce McKee and Jeff Jones will continue in their leadership roles for Capstone, Lincoln said, supporting day-to-day operations, development delivery, and the pursuit of new business. Together, the two companies aim to set "a new standard" for partnership-driven development and facilities management in higher education, combining "long-term vision, tailored solutions, and national resources to deliver meaningful results." "Our partnership with Lincoln provides us with the resources to accelerate growth, broaden our reach, and strengthen the reputation and unique culture that defines Capstone," Capstone's Davis said. "With Lincoln's support and comprehensive real estate capabilities, we are more capable than ever to assist universities in creating innovative, customized development and operational solutions that align seamlessly with their long-term goals." Track Dallas-Fort Worth's business and innovation landscape with its curated news in your inbox Tuesday-Thursday. R E A D N E X T. * U.S. Property Development Launches With HQ in Fort Worth Stockyards The owners of U.S. Property Development have been involved in more than $50 million in projects over the past 18 months, the new firm said. It's owned by investment leaders behind Fort Worth-based U.S. Energy Development Corp., and leverages operational efficiencies from a shared back-office platform. * SVP Dallas Names Catherine Cuellar as Its Next CEO A familiar figure in Dallas arts, civic innovation, and public service, Cuellar will succeed longtime CEO Tony Fleo following a months-long search as Social Venture Partners Dallas plans its next 25 years. * The Last Word: ENO8 Founder on Why Abe Lincoln Had the Best AI Advice Dallas tech studio founder Jeff Francis says one of the best quotes about artificial intelligence comes from the 19th century. And it captures exactly what's wrong with how companies rush into AI coding. * How DeSoto Is Planning to Make Southern Dallas a Key Part of the Life Science Pipeline The southern half of Dallas County is home to just over 1.05 million residents. That's about 40% of the total number of people who call Dallas County home - and roughly 200,000 more than the entire population of San Francisco. Coupled with the fact that Dallas-Fort Worth is emerging as a top life science market, as documented in a 2023 CBRE report, you can see why the DeSoto Development Corp. is including an 80-acre Life Sciences Innovation Core among its major projects. "In terms of economic development, research shows that it's more effective when it happens regionally," says Matt Carlson, DDC's chief... * Dallas Regional Economic Development 2025: Your Guide to Dallas-Fort Worth Business Explore and discover why Dallas-Fort Worth is one of the fastest-growing regions in the U.S. in this comprehensive guide.