The Paul Milstein Center for Real Estate is pleased to welcome two new alumni to the Real Estate Circle: Mark Caplan ’84 and Leslie Carranza ’85 as Circle Leaders. Get to know our new members below!

Mark Caplan ’84

Mr. Caplan is a Baltimore native active in real estate investment and management as well as equipment and vehicle financing in the region. He is the President and CEO of Time Group, a real estate equity firm where he has worked since the mid-1970s. The Time Group has interests in approximately 6,000 units of multi-family, manufactured housing, and senior living. He is also a founder and is currently the Chairman of WPM Real Estate Management, a manager of multi-family properties as well as other property types currently comprising in excess of 19,000 units. In addition to his real estate activities, Mr. Caplan is Chairman of Madison Capital, an independent vehicle and equipment financing firm he and his father, Caswell, founded in 1984. Mr. Caplan is a member of the Board of Directors Bay Bank, a publically traded community bank (NASDAQ symbol BYBK). Mr. Caplan is active in the non-for-profit community in Baltimore, having served or currently serving on the Boards of The Walters Art Museum, The Bryn Mawr School, The Gilman School, Center Stage, B.E.S.T., Charles Street Development Corp., MBA Real Estate Program Advisory Board of Columbia Business School, and St. Ignatius Loyola Academy. Mr. Caplan graduated from Gilman School in 1976 and Johns Hopkins University in 1981 where he received his Bachelor of Arts degree in Social & Behavioral Sciences. He received his Master of Business Administration from the Columbia Business School in 1983, which he attended as a Dean’s Fellow.

Leslie Carranza ’85

Leslie Carranza is Managing Partner at Adara Capital. During her tenure as a placement agent, Ms. Carranza has successfully matched investors with real estate operators and alternative investment managers, helping investors meet their return goals while staying within risk guidelines.  She works primarily with North American based institutional investors including family offices, multifamily offices, endowments, foundations, fund of funds, RIAs, insurance companies and pension funds.  Ms. Carranza has been with the FINRA registered broker dealer, Stonehaven LLC, since early 2009.  She holds FINRA series 7, 63 and 79 licenses and maintains jurisdictional registration in all 50 states.  Prior, she recruited within the financial services and real estate industries and spent ten years as a taxable fixed income salesperson for Merrill Lynch and JP Morgan. Ms. Carranza earned a BCE, civil engineering degree, magna cum laude from Villanova University and an MBA from Columbia University.   She has given back to her community by mentoring five girls through high school with Student Sponsor Partnership and is involved in several other charitable organizations.