Development
Capstone has developed over two million square feet of urban real estate including hospitality, residential, and mixed-use projects. We have extensive experience in the creation and successful execution of public-private partnerships, and constructive engagement with diverse communities of stakeholders where our projects are located. Capstone’s pipeline of future development is comprised of over two million square feet of unique, urban projects.
ACQUISITIONS
Capstone selectively acquires existing urban properties where we can create incremental value through renovation, re-branding, repositioning, and intensive asset management. Our current and historical portfolios comprise 2.8 million square feet of core-plus and value-add investments.
Management team
Norman K. Jenkins
President, Capstone Development
Norman Jenkins is the founder and President of Capstone Development. Prior to launching Capstone in 2009, Mr. Jenkins was a senior executive and corporate officer of Marriott International, Inc. (NASDAQ: MAR). During his 16-year tenure with Marriott, he served in a variety of leadership roles including: Senior Vice President, North American Lodging Development; Vice President & Chief Financial Officer, Ramada International; Vice President, Owner & Franchise Services; and Acquisition Executive. Prior to joining Marriott, Mr. Jenkins spent five years with McDonald’s Corporation where he held positions in finance and operations.
Mr. Jenkins serves on the board of directors of AutoNation (NYSE: AN), Urban Edge Properties (NYSE: UE), and RE/MAX Holdings (NYSE: RMAX). Additionally, Mr. Jenkins is a member of the Washington, D.C. Developer Roundtable, and is a former member of the Howard University and Suburban Hospital boards of trustees. Mr. Jenkins earned a BA in Accounting from Howard University, an MBA from George Washington University and is a certified public accountant.
Darren Linnartz
Managing Partner
Darren Linnartz is Managing Partner of Capstone Development and manages the development and investment activities of the firm. Prior to joining Capstone in 2012, Mr. Linnartz was Principal of Green River Partners, a real estate development firm he founded in 2008 to make opportunistic real estate investments in the hospitality space. Prior to that, he was the founding president of Revolution Development, a real estate company formed to own and develop a $1 billion destination resort in northwest Costa Rica. Prior to joining Revolution, Mr. Linnartz served 15 years with Marriott International, Inc., most recently as Vice President of Real Estate Development, where he was
responsible for the delivery of over $1 billion of complex hotel and residential projects, from feasibility through completion. Prior to that, Mr. Linnartz held positions in the Development Planning, Sales and Marketing, and Operations areas of Marriott. Mr. Linnartz earned a Bachelor of Business Administration degree from Louisiana State University (1989). He is currently an active member of the Urban Land Institute.
