Capstone Development Partners Adds Four Executives to Scale Student Housing P3 Platform — Lincoln Property Company

Event summary

Capstone Development Partners, backed by Lincoln Property Company, has added four executives to its leadership team.
New hires include Nick Martin as CFO, Josh Smith as EVP of P3 Development, Sally Langford as VP of Transitions and University Partnerships, and Taylor Thompson as Development Manager.
The firm specializes in student housing and campus development through public-private partnerships (P3).
Capstone has delivered over 50,000 student housing beds nationwide since 1997.

The big picture

Capstone's leadership expansion reflects the growing need for specialized student housing solutions as universities grapple with infrastructure challenges. The firm is leveraging Lincoln Property Company's resources to scale its P3 development and management platform, positioning itself as a key player in higher education real estate. With over 70 university partnerships and 50,000 beds delivered, Capstone is well-positioned to capitalize on the increasing demand for integrated campus development solutions.

What we're watching

Execution Risk: How the new leadership team will integrate and scale Capstone's operations to meet growing demand for student housing solutions.
Market Demand: Whether universities will continue to face significant housing, capital, and operational challenges driving P3 demand.
Strategic Expansion: The pace at which Capstone can expand its national platform while maintaining quality and collaborative approach with university partners.