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 Denver, Colorado. Our Denver 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.



CDP creates communities for today’s students, who are tomorrow’s leaders. Our communities and our approach to developing them will demonstrate the most responsible use of resources – environmental and financial. They will be safe and inviting places for residents to learn about themselves, their neighbors and their world. They will serve as a catalyst for learning, collaboration and open dialog. They will improve the quality of life and the college experience of their student residents.

In the development of these communities we will be innovative and bold, always striving for excellence while having the humility to learn from every experience. We will continually endeavor to earn the trust and respect of our partners, our student residents and our team members. We will always aim to exceed the expectations of those with whom we partner. We will build to the highest quality while balancing the equally important goal of affordability, and we will demonstrate a commitment to CDP’s Core Principals throughout our daily work and in each decision we make. 


Core Principles

  • Be passionate and determined, but never compromise our Integrity
  • Practice sustainability – environmental, human & economic
  • Deliver unparalleled support and service to our partners
  • Value employees, promote their success and support their well-being
  • Empower everyone to share ideas openly and without barriers
  • Build partnerships based on honesty and trust
  • Embrace diversity
  • Achieve equitable profitability