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.
Terms of the deal were not disclosed.
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.”
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
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.
-
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.
-
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.
-
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…
-
Explore and discover why Dallas-Fort Worth is one of the fastest-growing regions in the U.S. in this comprehensive guide.