Headquartered in Houston, Texas, Marble Capital is a principal investor providing flexible capital solutions for multifamily developers and operators nationwide. Marble Capital is managed by a group of accomplished real estate professionals with more than 100 years of combined experience in real estate finance, capital markets, development, and operations.

Marble Capital has the ability to offer multiple investment options to partners and clients nationwide. The firm’s core product line is preferred equity for multifamily development, but the company also evaluates JV equity, co-GP equity, and first lien debt for select investment opportunities.



Marble Capital possesses distinct characteristics that elevate the firm above other capital providers. Marble Capital’s prominent skill sets are discretionary capital, quick response time, and a streamlined approval process.
Discretionary Icon


Marble Capital has full discretion over the usage of investment capital.

Quick Response Time


Marble Capital aims to respond to investment requests within two business days.

Streamlined Approval Process


Marble Capital has implemented a streamlined investment approval process allowing the company to rapidly review investment decisions.


Marble Capital’s expert principals bring a breadth of invaluable focus, experience, and dedication to each project.

David Oelfke
David Oelfke


David Oelfke is a principal and co-founder of Marble Capital. In his executive role, Oelfke helps manage all aspects of investment activities for the fund, including capital raising, deal sourcing, and investment management for the fund’s assets. With over 32 years of experience, Oelfke is a respected leader in the industry. He has received nationwide recognition for his performance in the apartment market, working on behalf of the world’s leading owners to secure over $15 billion of multifamily advisory assignments.

Oelfke has an extensive portfolio, serving as a vice chairman of ARA, a Newmark Company which he helped expand to include over 25 offices across the country before executing a sale of the company to BGC Partners.   He is also a founding principal and owner at PinPoint Commercial L.P., a Houston-based commercial real estate investor. There, Oelfke has been involved in the ownership of over 6000 multifamily units, the development of 13 assisted living facilities, 850 acres of land, and over 500,000 square feet of industrial space with a total value of over $1bil.

In addition to his myriad of titles, Oelfke is dedicated to his community, serving on the board of directors for Apartment Life and actively working with non-profit organizations, such as The College of Biblical Studies, on Every Word, The Toolbox Lunches, Stoney Creek Ranch, the UT System Chancellor’s Council, and Second Baptist Church.

Oelfke holds a Bachelor of Business Administration from the University of Texas at Austin.

Adam Allen
Adam Allen


Adam Allen is a principal and a founder of Marble Capital, LP. In this role, Allen helps manage all aspects of investment activities for the Fund, including capital raising, deal sourcing, and investment management for the Fund’s assets. Allen also serves as Executive Managing Director of ARA, having started ARA’s Capital Markets Group, which originates equity and debt for multifamily property owners. He has extensive experience in arranging and structuring joint venture equity, preferred equity, mezzanine financing, bridge loans, and permanent debt. Allen also has responsibility within ARA of originating and managing investment sales transactions. Allen has helped raise over $700 million of equity across 50+ transactions, $1 billion of debt across 30+ transactions, and has closed over $3 billion of multifamily investment sales since joining ARA in 2011. Prior to joining ARA, Allen was Director of Acquisitions & Development for PinPoint Commercial L.P. and a financial analyst for CBRE Capital Markets in Houston, Texas.

Adam received his master’s degree from The University of Chicago, Booth School of Business, and holds a Bachelor of Business Administration in business honors and finance from The University of Texas in Austin.

Matthew Rotan
Matthew Rotan


Matthew Rotan is a principal and a founder of Marble Capital, LP. In this role, Rotan helps manage all aspects of investment activities for the Fund, including capital raising, deal sourcing, and investment management for the Fund’s assets. Rotan also serves as Vice Chairman ARA, a Newmark Company, and has been involved in the multifamily industry since 1989. His responsibilities include hands-on interaction with all assignments taken on by the Houston office of ARA Newmark, as well as being in contact with equity sources and maintaining capital markets relationships. Rotan has executed over $10 billion of advisory assignments and has been a member of ARA Newmark’s Executive Committee for six years. Rotan is also a founding principal and owner in PinPoint Commercial, L.P., a Houston-based commercial real estate investor. At PinPoint, Rotan has developed 13 assisted living facilities, 850 acres of land, and 500,000 square feet of industrial space with a total value of $675 million. In addition, Rotan is a general partner and founding principal of Apartment Development Equity Fund (ADEF), a $56 million equity fund raised in 2013 to invest in ground-up multifamily developments across the country. To date, ADEF has invested in four multifamily projects in Texas and Florida.

Rotan is the chairman of the board of directors and the executive committee of the Boys & Girls Country Home in Katy, Texas, an organization assisting children in crisis; an active member of St. Martins Church, where he recently served on the vestry; and a member of the Houston Livestock Show & Rodeo Breeder’s Greeter’s Committee, which supports college scholarships for Texas youth. He is a fourth generation Houstonian who has been married for over 25 years and has four children. Rotan graduated from Texas State University in San Marcos, Texas with a Bachelor of Business Administration degree in marketing.

Carson McDaniel
Carson McDaniel


Carson McDaniel serves as President of Marble Capital, LP, and is responsible for managing all day to day operations,  underwriting and evaluating investment opportunities, and managing investor relations.

Prior to joining Marble Capital, LP,. McDaniel spent three years at Allen Harrison Company in Houston, Texas. During his tenure there, McDaniel served two years as a capital markets associate and one year as a multifamily development and acquisitions analyst. While working as a capital markets associate, McDaniel’s primary responsibilities were managing a $30 million GP co-invest fund arranging joint venture equity for Allen Harrison Company transactions, and investor relations. McDaniel successfully allocated the $30 million GP co-invest fund to 12 assets statewide, five of which were ground-up development projects. Additionally, McDaniel assisted in the arrangement of $100 million in new joint venture equity for seven Allen Harrison Company transactions. During McDaniel’s time as a development and acquisitions analyst, he assisted in the underwriting of $400 million of potential multifamily transactions.

McDaniel received his Bachelor of Business Administration in finance from Texas A&M University.

David Stockton
David Stockton


David Stockton serves as Chief Financial Office of Marble Capital, LP. In this role, Stockton focuses his time maintaining Marble Capital’s financial, personnel, and general corporate responsibilities. Stockton also operates a consulting firm focusing on the financial needs of high-net-worth individuals and their related estates. His firm also oversees the financial activities of several real estate development companies and helps them maintain accurate reporting and compliance procedures.

Prior to joining Marble Capital, Stockton was the Chief Financial Officer for eight local ARA offices, including ARA Houston. He developed and oversaw the support systems for the offices and was an instrumental part in facilitating the sale of ARA to BGC Partners in 2014. He continues to hold a position with ARA to assist in the long-term integration of the two companies. Stockton joined ARA in 2004 after spending two years as an auditor at KMPG.

Stockton graduated with honors from Baylor University’s accounting program in 2002, and he also holds a master’s degree in Christian counseling from Denver Seminary. He has been married to his wife Jennifer for 10 years and they are raising their four boys, Will, Sam, Spencer, and Andrew.