ilestone partners was started in 2010, at the depth of the great recession to respond to the needs of struggling real estate owners and developers whose organizations were shrinking and real estate challenges rising. The founders, Frank Stoner and L.J. Lopez identified a number of operational areas in the real estate development field where traditional developers, land owners, corporations and non profits were increasingly unprepared and understaffed to execute complex projects effectively. Problems often stem from lack lack of relevant knowledge which leads to poor decision making and sometimes from the competing interests of the owner’s own development team. With a desire to share their 35 years of combined knowledge and experience in the development field, Frank and L.J formed Milestone Partners to provide conflict-free development services to individual owners and developers, non-profit, civic and corporate organizations.
Since its inception, Milestone has advised on and/or managed municipal, civic, Non profit, multifamily, commercial lodging, historic, low income, and neighborhood development projects ranging in value from $2MM to $24MM. Most notably, Milestone Successfully completed the Jefferson School City Center in 2012, a complex $20MM public/private and nonprofit joint venture to redevelop an urban African American school into a vibrant Center for nine community service organizations. Milestone managed every aspect of the development for the Owners from financing and accounting to lease-up, marketing and construction. All this was completed during the worst economic downturn since the great depression.
Milestone Partners is located in Charlottesville, Virginia and serves all clients primarily in the state of Virginia.