Adam C. Cappel, Principal

Licensed Real Estate Broker


Prior to EquityPTS, Mr. Cappel served as Senior Managing Consultant and Principal co-leading the Florida practice for a top national property tax firm.  Mr. Cappel oversaw and managed an annual appeal volume in excess of fifteen (15) billion dollars.  Clients included REITs, pension funds and other institutional owners, national and international developers, and private real estate owners.  Practicing principally in Miami Dade County, Mr. Cappel was also instrumental in growing the firm's Joint Condominium Appeal practice, representing over forty of Miami Dade County's premier condominium associations in the Value Adjustment Board appeal process. 


Mr. Cappel also served as co-Founder and President of CondoReports.com and a Vice President of a Miami investment and merchant banking firm participating in financing for developers in excess of $500MM in capital raises. 


During his career, Mr. Cappel has been cited in numerous local and national publications including the New York Times, Daily Business Review, Investor's Business Daily, Multi-Housing News, Multifamily Executive, Inman News, South Florida Business Journal and The Miami Herald. 


Mr. Cappel holds a MS in Finance from Florida International University and a BA summa cum laude from Union College (NY).

Sample significant representation assignments and Value Adjustment Board reductions


  • Major oceanfront property resulting in a single year Value Adjustment Board reduction of over $100 million in market value

  • Oceanfront residential condominium association resulting in a single year reduction of over $26 million in market value

  • Vacant industrial land portfolio in Miami Dade County obtaining a $14 million reduction in a single year

  • Florida portfolio of the largest neighborhood shopping center owner in North America.

  • Florida portfolio of world's largest logistics company.

  • West Dade regional shopping center obtaining a $6.5 million reduction in market value.