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Adam C. Cappel, Principal


Since founding EquityPTS in 2017, Mr. Cappel has led the firm in the successful representation of over ten (10) billion dollars worth of real and personal property annually throughout the State of Florida.  Every year since its founding EquityPTS has reduced clients' property tax liabilities by several million dollars across all major property types.   Clients included REITs, pension funds and other institutional owners, national and international developers, private real estate owners, and high-end condominium associations. 

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.  Mr. Cappel was previously the co-Founder and President of 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, a BA summa cum laude from Union College (NY), and is a Florida licensed real estate broker.

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.

  • 50% reduction in assessment for Tangible Personal Property for hospitality property.

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