About Us

We cut the pattern to fit the cloth

About Us

CAPSTONE DEVELOPMENT PARTNERS, LLC (CDP) is a student housing 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 40 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, our corporate headquarters in Birmingham, Alabama and our western regional office located in San Diego, California. Our San Diego office focuses on partnerships with colleges and universities in the western region of the U.S., including Hawaii. The CDP western regional team has completed major housing projects in southern and northern California, as well as in Washington, and Arizona.

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.



Every day we will work to ensure that we are viewed by universities as the best student housing development partner in the marketplace. Nothing is more important than our reputation and our relationships with our university partners, our development team members and our employees. We will work more intently and thoughtfully than our competitors to extend superb client service as well as provide the highest quality facilities in terms of design, construction, sustainability and programmability. We will strive with our university partners to improve the quality of life of the student residents of our communities every day. We will be innovative and bold, while being humble enough to learn from every experience. We will earnestly endeavor to earn the trust and respect of our partners. We will always aim to exceed the expectations of those with whom we work. We will never compromise our values or lose sight of the four core principles that shall guide every decision we make as company:

  1. Unparalleled Client Satisfaction
  2. Uncompromising Integrity
  3. Employee Wellness & Satisfaction
  4. Equitable & Sustainable Profitability