About Us

We cut the pattern to fit the cloth

About Us

CAPSTONE DEVELOPMENT PARTNERS, LLC (CDP) is a student housing and campus facilities real estate development company exclusively focused on working with colleges and universities in public private partnerships. The Principals of CDP have a combined experience of more than 50 years helping colleges and universities overcome real estate development and housing challenges. Our mission is unique to the student housing industry in that we focus on projects where we are in partnership with the university— rather than simply building apartments in a community with little regard for its plans, its institutional objectives or its long and short-term goals. We have built our reputation on collaborating with schools and respecting and burnishing the unique campus culture of our partners. We work hard every day to establish creative solutions that align the interests of the municipal, private and university project stakeholders, inclusive of housing and student life professionals, finance executives, presidents, facilities personnel, and the many others involved in development on or near a college campus.

We value the unique qualities that exist on the campuses spanning the country and respect the individual quality and characteristics of a school. We don’t approach a project with a preconceived formula of how a structure should be crafted because of what we did on some other campus. Our philosophy is not “One size fits all.” Instead, as our Chairman Emeritus, Mike Mouron often says, “We cut the pattern to fit the cloth.”

CDP operates out of two locations: Birmingham, Alabama and Denver, Colorado. Our Birmingham office focuses on partnerships with colleges and universities in the eastern half of the U.S. and our Denver office focuses on partnerships with colleges and universities in the western half of the U.S. The CDP Birmingham team has completed campus developments for institutions in southern Florida stretching north to Massachusetts and Maine and west to Illinois. Our Denver team has completed campus developments for universities in Arizona, California, Washington, and east to Colorado.

Capstone Development Partners, LLC is a privately-held company. Jeff Jones and Bruce McKee, our principals and owners, believe real estate is an industry best guided by decisions considerate of the implications beyond quarterly reporting to shareholders. As a company, we value nothing more than our clients, our reputation and our employees and have adopted the following mission and principles to guide our day-to-day activities and our ongoing decision-making.



Capstone creates best in class buildings and housing communities. They are safe and inclusive places that improve quality of life for residents. They are environmentally responsible.

As a company, we are innovative and bold, striving for excellence while having the humility to learn from every experience. We continually endeavor to earn the trust and respect of our partners, our residents and our team members. We aim to exceed expectations with a focus on achieving affordability and the highest possible quality.

We will demonstrate a commitment to CDP’s Core Principles in all that we do.


Core Principles

  • Never Compromise Integrity
  • Promote Diversity & Inclusion
  • Empower & Value Employees
  • Deliver Best in Class Service
  • Practice Sustainability
  • Achieve Equitable Profitability