Summary:
- Lincoln Property Co. has acquired Capstone Development Partners and its Capstone Management Partners subsidiary, a student housing and university facilities development and management firm.
- Capstone Chief Development Officer William Davis will become managing principal and work with the firm’s P3 development and operational teams.
- Co-founders Bruce McKee and Jeff Jones will continue in their leadership roles, supporting day-to-day operations, development deliveries and student property investment. The deal with Lincoln will provide Capstone with resources to accelerate growth and expand its reach, Davis said in prepared remarks.
Original article:
https://www.multihousingnews.com/lincoln-buys-student-housing-developer/
