Jack Boyajian
Chief Executive Officer
President of The Hutton Group. Pioneered a 5,000+ unit co-op-to-condo conversion practice over 35+ years.
Wharton · Rutgers Law
Research & writingAbout STILL
Built by operators. Run by family.
STILL Property Group runs its own conversions: sourcing, underwriting, construction, and management under one roof. The same family carries the practice forward across California, New York, and Florida.
Three chapters, one discipline.
1992
The Hutton Group
Founded as co-op-to-condo conversion specialists, Hutton built a national practice spanning financing, engineering, construction, design, and development, with thousands of units converted across the country.
Pre-2022
EV Capital Partners
A separate company, related by key personnel, focused on ground-up development and adaptive reuse, including the Pacific Gardens rental-to-condominium conversion in San Mateo, executed with Hutton.
2022
STILL Property Group
EV Capital Partners relaunched as STILL Property Group: an operator's platform converting underutilized hotels and buildings into Class A residential communities in supply-constrained coastal markets across the U.S. The Jade communities carry the flag.
STILL Property Group
About STILL · lineage, platform, values, principals
Sheet 04 / 07
Rev. 2026-07
One platform, every trade.
Sourcing, underwriting, and procurement live in-house: the vertical integration that keeps conversion budgets honest.
The Hutton Group
Four decades of conversion expertise, legal infrastructure, regulatory navigation, and the national deal network behind off-market sourcing.
STILL Real Estate
Underwriting, market due diligence, research and analytics: the layer that decides what gets acquired, and the engine behind off-market deal flow.
STILL Global Sourcing
In-house procurement across materials and FF&E, controlling supply chain quality and cutting construction cost versus market.
How we operate.
One roof, one budget
Sourcing, construction, and project management are self-performed, so costs aren't marked up between vendors.
Principals on site
Partners run their own projects, from acquisition through lease-up.
Built for the neighborhood
Conversions add housing where a community is short of it, not where it is easiest to build.
Family-run since 1992
One family has stewarded the conversion practice from the start.
The principals.
Armand Boyajian
Managing Partner
Advisor on $1.5B+ of acquisitions and capital raises, including at KPG Funds in New York.
NYU Stern
Research & writingDavid Boyajian
Managing Partner
Vice President of The Hutton Group, overseeing 1,000+ condominium conversions.
TCNJ · Oxford · Rutgers Law
Research & writingDrew De Risi
Head of Capital Markets
President of Whitestone REP. Two decades in commercial real estate capital markets, advising on financings and transactions since 2005.
Hobart College