Experience

Capstone Realty Group

• Real Estate
• 1 - 100 Employee

• Founder/Managing Partner

  • Jan 1998 - Present

  Overseeing Capstone’s Value-Add, Opportunistic and Distressed Real Estate Debt Investment program. Managing acquisition, design & construction, project management and property management teams. Capstone has acquired and renovated over 4.5M SF of office, multi-family and retail projects in New York, New Jersey, Pennsylvania, Florida and Ohio worth in excess of $550M. Overseeing Capstone’s Value-Add, Opportunistic and Distressed Real Estate Debt Investment program. Managing acquisition, design & construction, project management and property management teams. Capstone has acquired and renovated over 4.5M SF of office, multi-family and retail projects in New York, New Jersey, Pennsylvania, Florida and Ohio worth in excess of $550M.



Columbia University in the City of New York

• Higher Education
• 1 - 100 Employee

• Adjunct Professor

  • 2001 - Present

  Adjunct Professor at Columbia University, Masters in Real Estate Development Program. Over 1,000 students have taken Professor Adelstein’s Mock Transaction class on acquiring opportunistic real estate, private equity syndication & structuring debt & equity. Adjunct Professor at Columbia University, Masters in Real Estate Development Program. Over 1,000 students have taken Professor Adelstein’s Mock Transaction class on acquiring opportunistic real estate, private equity syndication & structuring debt & equity.



EY

• Entertainment Providers
• 1 - 100 Employee

• Senior Manager

  • 1990 - 1998

  Director of Valuation of E&Y’s Real Estate Valuation Group; MAI advisor to banks, life insurance, pension fund and Wall Street on complex valuation matters; including annual portfolio valuation, capital raising, asset dispositions, distressed debt purchases and private equity syndication. Director of Valuation of E&Y’s Real Estate Valuation Group; MAI advisor to banks, life insurance, pension fund and Wall Street on complex valuation matters; including annual portfolio valuation, capital raising, asset dispositions, distressed debt purchases and private equity syndication.



Laventhol & Horwath

• Accounting

• Associate - Hospitality Valuation

  • 1987 - 1990

  Advisor and Certified MAI Appraiser with expertise in complex valuations of hotels, resorts, shopping malls, and office buildings throughout the United States and Canada. Advisor and Certified MAI Appraiser with expertise in complex valuations of hotels, resorts, shopping malls, and office buildings throughout the United States and Canada.