What CBI Construction Services does

CBI Construction Services is a Birmingham, Alabama-based general contractor that operates as the in-house construction division of Capstone Communities, originally incorporated by Capstone Development Corporation in 2005 as Cottage Builders, Inc. The company constructs low-density, cottage-style build-for-rent communities, traditional multifamily, student housing, and senior living projects across 15 states, with a cumulative track record of 36 projects, 8,000+ units, and $1.3B+ in construction costs. Its core technical differentiator is a proprietary cottage-style design model rooted in 'new urbanism' principles—single-family homes with private yards, duplexes, and townhomes arranged around sidewalks, pocket parks, and pedestrian-friendly amenities, typically delivered with smart home technology packages, 9–12 foot ceilings, wood-grain flooring, and in-unit washers/dryers. The portfolio spans eight product categories (Cottages, Town Centers, Garden-style Apartments, Mid Rises, Student Housing, Multifamily, Built-to-Rent, and Senior Living), with design work performed in partnership with Nequette Architecture & Design.

The company generates revenue through professional services / general contracting fees on completed projects, with its primary customer being parent Capstone Communities. External clients include master-planned community developer Nexton (Newland Communities), senior living operator Liberty Senior Living, and equity partners sourced via Berkadia JV Equity & Structured Capital. Go-to-market is enterprise field sales: direct developer relationships in the Southeast, augmented by content marketing, LinkedIn/Instagram presence, and earned media in regional business publications. The leadership team is led by President Shep Nolen (joined 2006), CFO Tom Fitts (co-founded CBI in 2005), and COO Jimmy Shaw (joined November 2021), with multiple executives drawn from Auburn University's School of Building Science and the University of Alabama. The firm has 51–100 employees, holds no external institutional funding, and operates as a privately held subsidiary within the Capstone corporate umbrella alongside Capstone Properties (property management) and Capstone Collegiate Communities (student housing).

Name

CBI Construction Services

Legal name

CBI Construction Services

Website

https://cbiconstructionservices.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

CBI Construction Services is a Birmingham, Alabama-based general contractor and in-house construction division of Capstone Communities, specializing in cottage-style build-for-rent, multifamily, student housing, and senior living projects across 15 states.

Ownership category

akta.pro rank

Product category

Multifamily Construction Services

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Residential Bldgs (1520), Operative Builders (1531)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Senior Living & Assisted Living Facility Construction (IMAFACAJ), Retail & Mixed-Use Commercial Construction (IMAFACAB), Build-to-Rent (BTR) Community Management (BPAJAFAC)

Keywords

• General contracting services
• Multifamily construction
• Build-to-rent homes
• Student housing construction
• Cottage-style communities

Headquarters

HQ city

Birmingham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. General Contracting Services: CBI Construction Services serves as the general contractor for Capstone Communities' development projects, including cottage-style build-for-rent communities, multifamily developments, student housing, and senior living communities. Revenue is generated through construction fees on completed projects across the Southeast.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

CBI Construction Services operates as the in-house general contracting division of Capstone Communities, providing construction services for multifamily, student housing, senior living, and build-for-rent cottage-style communities. The company delivers low-density multifamily developments featuring new urbanism design principles with sidewalks, pocket parks, and pedestrian-friendly amenities, and has built or is building 36 projects totaling 8,000+ units and over $1.3 billion in construction costs across 15 states.

Product overview

CBI Construction Services operates as a general contracting division of Capstone Communities, offering a diversified portfolio of residential construction products. The company provides five distinct product lines: Cottages (low-density build-for-rent communities featuring new urbanism design), Town Centers (mixed-use walkable urban developments), Garden-style Apartments (low-rise traditional multifamily), and Mid Rises (urban high-rise residential). These core products serve four primary market segments: Student Housing (purpose-built collegiate communities), Multifamily (large-scale rental developments), Built-to-Rent cottage-style communities (single-family homes for rent), and Senior Living (55+ wellness-focused communities). The company functions as an integrated construction entity serving Capstone Communities' development pipeline across 15 states.

Differentiator

Problem solved

Functional benefit

Products and services

• Cottage-style Build-for-Rent Communities
• Student Housing Construction

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Nexton (Newland Communities)coreStrategic or Co-development PartnerNexton, a master-planned community developer, partnered with Capstone Communities to develop The Villas at Nexton, a 282-unit low-density build-for-rent community within the Nexton master-planned development near Charleston, SC. Nexton was named Master-Planned Community of the Year in 2021 by the National Association of Homebuilders.
• Liberty Senior LivingcoreStrategic or Co-development PartnerLiberty Senior Living partnered with Capstone Communities to develop Inspire Royal Park, a 204-unit wellness-focused senior community in Matthews, NC. CBI Construction Services served as general contractor while Liberty provides senior living operations and care services.
• Nequette Architecture & DesigncoreTechnology or IntegrationLouis Nequette of Birmingham-based Nequette Architecture & Design partnered with Capstone to create the original cottage-style development concept in Auburn, AL in 2005, adapting the model from cottage rentals near the University of Georgia in Athens. The firm continues to design CBI's cottage communities throughout the Southeast.
• Capstone Development CorporationcoreOthersParent company. Originally incorporated by Capstone Development Corporation in 2005 as Cottage Builders, Inc. CBI serves as the in-house construction division for Capstone Communities' development portfolio.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Yardly: Build-to-rent developer of single-story rental cottage communities in the Southeast and Texas. Closely mirrors CBI's cottage-style horizontal apartment concept and demographic targeting.
• Christopher Todd Communities: Build-to-rent single-family rental community developer in the Sun Belt, directly comparable to CBI's cottage BFR product and pre-leasing-driven absorption model.
• Capstone Collegiate Communities: Sister company under the Capstone umbrella, focused on student housing development and operations. Direct overlap with CBI's student housing construction work and shared ownership/governance.
• Trinsic Residential Group: National build-for-rent developer and operator with similar cottage-style and horizontal apartment communities. Comparable to CBI in targeting the BFR niche with institutional capital partners.

Broad incumbents

• JE Dunn Construction: National general contractor with a substantial multifamily and senior living portfolio. Comparable as an institutional-grade multifamily/senior GC competing for similar developer-led projects.
• Robins & Morton: Alabama-based general contractor with strong multifamily, healthcare, and student housing exposure. Comparable to CBI in regional Southeast footprint and multifamily/housing sector focus.
• GID Investment Advisers: Multifamily and build-to-rent developer and operator active in the Sun Belt. Comparable as an institutional BFR/multifamily platform that CBI-built communities could serve.
• Brasfield & Gorrie: Large Southeast-headquartered general contractor with significant multifamily and senior living portfolios. Comparable as a regional GC competing for similar institutional multifamily and senior living project pipelines.
• Toll Brothers Apartment Living: Multifamily development arm of Toll Brothers with build-to-rent and luxury apartment projects nationwide. Comparable in targeting institutional capital for BFR and multifamily developments.
• Hoar Construction: Southeast and Texas-headquartered general contractor with multifamily, student housing, and senior living practices. Comparable regional GC competing for similar project types.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cbi-construction-services
• Instagraminstagram.com/cbi_constructionservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CBI Construction Services