CBI Construction Services

CBI Leadership

Originally incorporated by Capstone Development Corporation in 2005 as Cottage Builders, Inc., CBI Construction Services has grown to become one of the nation’s premier builders of multifamily, student housing, senior housing and built-for-rent “cottage-style” communities. To date, our team has built, or is in the process of building, 36 projects consisting of 8,000+ units and over $1.3 billion in construction costs across 15 states. If you would like to know more about our company history or what sets us apart from others, please contact us or email us at construction@capstonemail.com.
Our Mission
Core Values
CBI Construction Services
Constructing Exceptional Projects
Building Passionate People
Innovating with Purpose
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Capstone Communities
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Shep Nolen

Shep Nolen

President
Shep began his career with Capstone’s in-house construction division, CBI Construction Services, in 2006. As President, Shep works with all departments of the company to develop and implement objectives, manage the resources and overall operations of CBI while demonstrating leadership in safety and best practices. In Shep’s previous roles within CBI’s Project Management team, he oversaw project budgets, the analysis and selection of project suppliers and subcontractors, the execution of subcontracts and the administration of project schedules. Shep graduated from the University of Alabama in 2006 with a Bachelor of Arts in Finance and from Samford University in 2011 with a Master of Business Administration. In addition to spending time with his wife and three daughters, Shep enjoys University of Alabama athletics and playing the guitar.
Jimmy Shaw

Jimmy Shaw

Senior Vice President of Operations

Jimmy joined the CBI team in November of 2021. In his role as Senior Vice President of Operations, Jimmy is responsible for CBI’s corporate operations and strategies. Jimmy earned his Bachelor of Building Science degree from Auburn University. While at Auburn, Jimmy worked as a football manager for the Auburn Tigers from 1985-1988. Prior to joining CBI, Jimmy has been involved with a variety of construction projects which include healthcare, student housing, multi-family, athletic and commercial owners. In his free time, Jimmy enjoys spending time with his children, anything outdoors, and hunting.

Roger McCoy

Roger McCoy

Executive Vice President of Field Operations
In May 2007, Roger joined CBI Construction Services as Sr. Project Manager to lead the construction teams, maintain production systems and provide oversight to the construction process. He has over 30 years of experience in the construction industry including the delivery of commercial, multifamily and student housing projects. After 14 years with CBI and currently serving as Executive Vice President of Field Operations, Roger has delivered over $900 million in dollar volume. Roger received his undergraduate degree in Geology from the University of Alabama and continued post graduate studies at Auburn University’s School of Architecture and Building Science. In his free time, Roger enjoys time building his cabin in the middle of nowhere, north Alabama. Favorite Quote: Psalm 91.
Tom Fitts

Tom Fitts

Chief Financial Officer
Tom joined Capstone Development in 2002 as Controller. In 2005 he helped start Capstone’s in-house construction division, CBI Construction Services with an emphasis on accounting and corporate operations. In 2013 Tom moved into the CFO roll serving Capstone Collegiate Communities, Capstone Properties, and CBI Construction Services with the main focus on accounting, reporting, and corporate operations. Tom graduated from the University of Alabama in 1989 with a degree in Accounting, and after a short stint in public accounting worked for 10+ years in medical products distribution. Outside of work, Tom enjoys life with his wife and three children, relaxing at the lake, road biking, and any University of Alabama sporting event.
Clay Wilson

Clay Wilson

Vice President
Clay joined Capstone in 2014 serving as a Senior Project Manager with the in-house construction division, CBI Construction Services. Clay provides project management and estimating expertise throughout the design, construction and delivery process for Capstone’s cottage projects. Clay earned his bachelor’s degree in Civil Engineering from Auburn University and his MBA from the Brock School of Business at Samford University. Clay is a licensed Professional Engineer and LEED Accredited Professional with over 12 years of civil design, construction estimating and construction management experience. In addition to spending time with his wife and three daughters, Clay enjoys cooking, traveling, reading and playing soccer.
Dane Pemberton

Dane Pemberton

Vice President

Dane joined the CBI Team in June of 2022. In his role as Vice President, Dane is responsible for managing the corporate operations and strategies of CBI with a focus on process improvement, operational strategies, technology and innovation. Dane earned his Bachelor of Building Science degree from Auburn University and has over 15 years of experience in the construction industry. Prior to joining CBI, Dane led the construction technology department at a large general contracting firm and has 10+ years in project management overseeing a variety of construction projects including federal, student housing, athletic facilities and commercial for a variety of diverse clients. In his free time, Dane enjoys spending time with his daughter, doing anything outdoors, playing golf, spending time at the lake and working on renovations.

Steve Dunn

Steve Dunn

Director of Warranty & Quality Assurance
Steve joined CBI Construction Services in 2016 and is from Chandler Arizona. Steve has 20 plus years in residential and commercial construction and has overseen all aspects and phases of construction. Steve has held many positions over the years from Superintendent, purchasing, warranty manager, as well as a licensed residential and commercial plumbing contractor. Steve enjoys spending time with his family, the outdoors and coaching youth and H.S football.
Jeff Denney

Jeff Denney

Director of Safety
Whether working in fire service, EMS or the construction industry, Jeff has spent the majority of his 30+ career serving and protecting the lives of others. While in fire service, Jeff was responsible for 9 front line ambulances that covered 442 square miles and 145,000 people and ran approximately 20,000 calls for service annually. Jeff’s background in Public Safety has engrained a passion in him that helps promote a “Safety First” culture throughout CBI, starting at the pre-planning phase of construction and maintaining until project completion. When not working, Jeff is a husband, father of four and Paw Paw to 5 grandchildren.
Mark Woods

Mark Woods

Director of Field Operations
Throughout his 25 year career in the construction industry, Mark has built custom homes, developed subdivisions and served at the VP of Operations for a large site work contractor that specialized in streetscapes and municipal projects. Mark also spent 12 years in the fire service where he was a Line Captain and captain of the special operations team. Marks construction knowledge and passion for safety led him to become CBI’s first Director of Safety. While in that role Mark designed a safety program with strong principles that our company is still building on to this day. After his years of service in CBI’s Safety department, Mark was promoted to Director of Field Operations, where he currently oversees the day to day operations for the teams that he serves.
Will Noel

Will Noel

Senior Project Manager
Will Joined the CBI project management team in 2020. In his current role as a Senior Project Manager he provides leadership and project management expertise to multiple project teams throughout the lifecycle of each project. Will earned both his B.S. in Accounting and his M.B.C in Building Science from Auburn University. Will is a licensed homebuilder and has worked in several different sectors of the construction industry throughout his career. Outside of work Will enjoys woodworking, 3D printing, and spending time with his wife and three kids.
James Young

James Young

Senior Project Manager
James joined the CBI team in 2021 as a Project Manager. After graduation from Auburn University with a Bachelor of Science in Building Construction, James worked for a subcontractor for a few years before ending up at a General Contractor in Birmingham. At his previous company James managed a wide range of projects from midrise multifamily to small retail builds around the southeast. In his spare time James enjoys being outdoors playing golf, fishing or working around the house.
Jonny Green

Jonny Green

Senior Project Manager
Jonny joined the CBI Project Management team in 2023. In his role, Jonny provides operational project oversight as well as assisting in preconstruction efforts. After receiving his Bachelor of Science in Building Construction from Auburn University, Jonny managed primarily multi-family and student housing projects in the southeast with a large national general contractor before joining CBI. In addition to spending time with his wife and two children, Jonny enjoys playing golf, exercising and spending time on the water.
Duncan Varner

Duncan Varner

Senior Procurement Manager
Duncan joined CBI Construction Services in March 2019 as a Preconstruction Manager. He prepares detailed estimates and constructibility analysis through the conceptual, schematic, design development and construction phases of a project. Prior to joining Capstone, Duncan spent 4 years working in both project management and preconstruction roles for a large general contractor in Atlanta, GA. Duncan received a B.A. in Psychology from Sewanee: The University of the South in 2011 and a Masters in Building Construction from Auburn University in 2014. Duncan is LEED GA accredited and an Alabama Real Estate Licensee. In addition to spending time with his wife and daughter, Duncan enjoys hunting, fishing and exploring new places.
CBI Construction Services

Texas

Property NameLocationUnitsYear(s) Delivered
Capstone Cottages of LubbockLubbock, TX214Summer 2017
The Junction Cottages & TownhomesCollege Station, TX186Summer 2016
Capstone Cottages of San MarcosSan Marcos, TX194Summer 2014
The Cottages of College Station, Phase I & IICollege Station, TX369Summer 2012
The Cottages of LubbockLubbock, TX241Summer 2009

South Carolina

Property NameLocationUnitsYear(s) Delivered
The Cottages at InglesideNorth Charleston, SC260Winter 2024
The Cottages at Myrtle BeachMyrtle Beach, SC294Fall 2023
The Villas at NextonSummerville, SC276Winter 2022
The Retreat of ClemsonClemson, SC552007

Oklahoma

*DENOTES PROPERTIES CURRENTLY UNDER MANAGEMENT
Property NameLocationUnitsYear(s) Delivered
The Cottages of NormanNorman, OK174Summer 2009

New Mexico

Property NameLocationUnitsYear(s) Delivered
The Cottages of The MexicoAlbuquerque, NM162Summer 2014

New Hampshire

Property NameLocationUnitsYear(s) Delivered
The Cottages of DurhamDurham, NH141Summer 2012

North Carolina

Property NameLocationUnitsYear(s) Delivered
The Cottages at RiverlightsWilmington, NC279Winter 2023
Inspire at Royal ParkMatthews, NC204Summer 2022
The Cottages of BooneBoone, NC202Spring 2014

Montana

Property NameLocationUnitsYear(s) Delivered
The Arrow Townhomes & FlatsBozeman, MT268Summer 2019

Mississippi

Property NameLocationUnitsYear(s) Delivered
The Cottages of HattiesburgHattiesburg, MS103Summer 2008

Missouri

Property NameLocationUnitsYear(s) Delivered
The Cottages of ColumbiaColumbiana, MO145Summer 2008

Lousiana

Property NameLocationUnitsYear(s) Delivered
Arlington Cottages & TownhomesBaton Rouge, LA179Summer 2016
The Cottages of Baton RougeBaton Rouge, LA382Summer 2011

Florida

Property NameLocationUnitsYear(s) Delivered
The Cottages at Cypress CayTampa, FL198Spring 2024
The Cottages at TraditionPort St. Lucie, FL286Winter 2023
Primrose ResidencesSanta Rosa Beach, FL288Winter 2022
The Cottages at Daytona BeachDaytona Beach, FL283Fall 2022
Brisa ResidencesSt. Johns County, FL256Summer 2020
Beacon ResidencesNew Smyrna Beach, FL253Summer 2020
Cottage Grove at GainesvilleGainesville, FL84Summer 2008

Colorado

Property NameLocationUnitsYear(s) Delivered
The Cottages of Fort CollinsFort Collins, CO202Summer 2018

Arizona

Property NameLocationUnitsYear(s) Delivered
The Cottages of TempeTempe, AZ121Summer 2015

Alabama

Property NameLocationUnitsYear(s) Delivered
The Cottages at GreystoneHuntsville, AL189Spring 2024
The Villas at Old MonroviaHuntsville, AL276Spring 2024
Artisan FlatsBirmingham, AL120Spring 2024
The Cottages at Old MonroviaHuntsville, AL272Winter 2021
Creekside of AuburnAuburn, AL360Fall 2007

Georgia

Property NameLocationUnitsYear(s) Delivered
The Cottages at Warner RobinsWarner Robins, GA251Summer 2023
Premiere Lofts at TrilithFayetteville, GA263Summer 2020
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