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 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.