Jason Korb

Principal

Jason Korb is the principal of Capstone Communities LLC where he has developed market rate, mixed income, and 100% affordable housing. Since founding Capstone in October 2010, Jason has successfully completed a total of $100,000,000 of development transactions in Cambridge, Somerville, Arlington, Newton, Brockton and Bridgewater Massachusetts. These include converting Brockton's first brick shoe factory into 25 mixed-income apartments, co-developing 20 100% affordable family apartments on a vacant lot in Cambridge's Port neighborhood, assembling three parcels and converting three single family homes (including moving one of the houses) into 40, 100% affordable family apartments in Porter Square, Cambridge, and The McElwain School Apartments, a 57 unit mixed-income development in Bridgewater that includes Passive House and historic construction.

Prior to forming Capstone, Jason was the Vice President of Acquisitions at Beacon Communities LLC, a developer, owner, and manager of over 9,000 apartment homes in the Northeast. At Beacon, Jason was responsible for sourcing new acquisitions and overseeing mixed income and market rate development and financing opportunities. Jason specializes in complex affordable housing transactions that involve multiple government subsidies. In his seven years at Beacon, Jason was responsible for developing and/or preserving over 600 apartment homes totaling over $100M. Prior to joining Beacon in 2004, Jason was a Housing Project Manager at the Fenway Community Development Corporation in Boston.

Jason is a former Director of CHAPA, a Director of 2Life Communities and a former Trustee of the Newton Affordable Housing Trust. Jason received an MS from the Massachusetts Institute of Technology’s Center for Real Estate and a BA in History and Afroamerican and African Studies from the University of Michigan, Ann Arbor. Jason’s MIT thesis, The Low-Income Housing Tax Credit: HERA, ARRA, and Beyond has been cited by Harvard University’s Joint Center for Housing Studies and the US Senate Budget Committee.

Jason is an instrument rated private pilot and volunteers for SkyHope, providing free medical and compassion flights for patients and veterans.

William Kennerly

Vice President of Operations

William Kennerly is Vice President of Operations at Capstone, where he oversees the day-to-day operations and asset management of the firm’s affordable housing portfolio while managing its market-rate portfolio. He also supports the company’s development efforts, working across a variety of projects.

After relocating to Boston in 2023, William joined Capstone, bringing a background in real estate sales, leasing, and property management. He studied accounting at the University of Houston, providing a strong analytical foundation that complements his work in real estate operations and asset management.

Ali Lepage

Intern

Ali LePage is an intern at Capstone Communities, where she assists with the management of the firm's market-rate portfolio and funding efforts for its affordable housing portfolio. In her role, she also supports accounting processes and administrative tasks related to the company's operations.

Ali is an undergraduate student at the University of Connecticut, where she is pursuing a degree in Accounting with a minor in Real Estate and Urban Economics. Her academic background and interest in real estate provide a strong foundation for her work at Capstone and her growing interest in affordable housing development.