HUNTSVILLE, AL—Capstone Companies, based in Charlotte, North Carolina, is pleased to announce the launch of the brokerage firm’s new regional office in Huntsville, Alabama. Capstone’s new Huntsville office is led by investment sales advisor, Stephen Brown, who has several years of multifaceted commercial real estate experience from both the broker and the investor standpoint. In his new role, Brown will work closely with Capstone’s Nashville brokerage team, which is led by Managing Director Adam Klenk.
Brown joins Capstone after working as a real estate broker for Serenity Realty in Toledo, Ohio. In his role, he worked closely with property management and other real estate brokers to ensure successful closings for his investor clients.
Brown grew up in Toledo, Ohio and later attended Michigan State University where he obtained his bachelor’s degree in Finance through the Eli Broad College of Business. In 2020, he founded his own real estate holdings company, First Tier Investment Properties. Brown is fluent in Spanish and in his spare time, he enjoys strength training, salsa dancing, cooking, traveling, and language learning.
Capstone Managing Director, Klenk, said: “With the addition of Stephen Brown, we are thrilled to create a physical presence for Capstone in the great state of Alabama. The fundamentals presented in Huntsville and Birmingham in particular draw many parallels with Nashville and our crossover of clients is robust. We’re excited to begin exceeding pricing expectations on listings throughout the state just as we have done in Tennessee and Kentucky for years. Our team currently has hundreds of units under contract nearing $100M in value, which will grow exponentially in the coming months. We encourage all Alabama owners to reach out to our team for updated valuations during this everchanging economic environment.”
Capstone’s recent expansion into the state of Alabama solidifies the firm’s presence in the southern United States and leverages the firm’s consistent focus on rapid growth and expansion in the multi-housing industry. The new Huntsville office is one of four new Capstone brokerage offices to open in 2022. Earlier this year, the firm opened offices in Salt Lake City, Indianapolis, and Raleigh. The firm was recently named to the Inc. 5000 list as one of the fastest-growing private companies with 382.8 percent revenue growth from 2018 to 2021. Additionally, the company was named in the top 15 of the Charlotte Business Journal’s Best Places to Work in 2022.