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Paul Kapfer

General Counsel

Paul has a BA in International Economics and a law degree from the University of Iowa. He served on active duty in the U.S. Navy for 20 years, mostly in the role of in-house counsel (“JAG”). He advised a 14-state region admiral on land use and an Army general in Iraq on the law of armed conflict. He gave prosecution training to Indian naval officers engaged in fighting piracy. On the business side, Paul used Lean Six Sigma to save the Navy’s boot camp $1 million a year. 

Paul’s focus is the legal and due-diligence review of development projects. After hanging up his uniform, he earned a Master’s degree in Real Estate Development.  He served on the board of Greenbelt Homes, the New Deal’s version of workforce housing, maintaining 1,600 units with a budget of $12 million. Paul is a believer in workforce housing’s potential to earn solid returns and pick up where tax-credit Affordable development leaves off.

Paul is an avid backpacker and spent college summers as a mountain guide and trainer.  From his low-altitude home bases in Illinois and Maryland, he organizes the occasional misguided raid into Colorado to struggle up a Fourteener.

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