Executive Vice President, Development
Adam Stifel is the executive vice president of development at Capital Square. Prior to joining Capital Square, he founded Hook Properties, LLC, a real estate development firm based in Washington, D.C. Previously, Stifel was the co-founder and co-owner of CAS Riegler Companies, a full-service real estate development firm specializing in urban infill projects in Washington, D.C. He has personally sponsored and delivered more than $400 million in real estate value over the past 15 years, primarily in the form of multifamily development.
As the owner of CAS Riegler Companies and Hook Properties, Stifel managed the acquisition, financing, entitlements and all aspects of development management for an array of multifamily projects with a wide variety of complexities, including: The Colonel, a fully stabilized mixed-use development requiring a $42 million capitalization, which involved a complicated design of both ground-up construction and historic restoration and included a 20% increase to by-right density and full historic review; Holm, a fully stabilized mixed-use development requiring a $26 million capitalization, which was a ground-up urban infill project in the Logan Circle neighborhood and included entitlements garnering a reduction in parking requirements as well as an increase in density and height over by-right zoning; The Mill, a fully stabilized multifamily development requiring a $25 million capitalization, which involved a federal and state historic tax credit syndication and included a ground-up, for-sale component as well as the repurposing of a nearly 200-year-old mill on a federally protected boulevard; and South Cathedral Mansions, a fully stabilized multifamily development requiring a $70 million capitalization, a value-add project that included an extremely complicated TOPA process, unraveling rent control, and a federally protected historic property.
Stifel has also delivered a multitude of boutique and mid-sized condominium and apartment buildings in the Washington, D.C. region and has a history of successfully navigating urban infill projects that regularly include historic complexity, contentious neighborhoods, entitlement hurdles and complicated construction types. He also co-founded Snead Construction and the Property Portfolio, which provide property management services.
Having started his career as a commercial real estate broker, Stifel has been in the Washington D.C. real estate industry since 2003. He earned a Bachelor of Science in history from the University of Denver in 2003.