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Our Team

Exceptional People. Extraordinary Results.

Companies don’t develop real estate, people do. Which is why we are proud to be working with some of the best professionals in the industry. Bringing together creative individuals with years of industry experience, we are proud of the Flagsticks Development Group family and our combined expertise. Get in touch to speak to a team member.


Jerry Passaro

CEO & Managing Partner

Jerry has 40+ years of experience in providing assistance and guidance to real estate owners and developers in analyzing and underwriting business opportunities.

Based in Williamsburg, VA, Jerry is a former bank President and CEO. He has been responsible for the supervision and risk management of a $1 billion real estate portfolio and has extensive experience in the underwriting and managing of income-producing real estate properties, to include commercial office space, hospitality properties and multi-family developments. He has been a leader in the financing of student housing developments, having provided land acquisition, development and construction financing for projects throughout Virginia and the Carolinas.

Jerry graduated from Virginia Tech with a BS degree in Business Management.


Allen Crumpler

President & Managing Partner

Allen Crumpler is President & Managing Partner of Flagsticks Development Group. Based in Charlotte, NC, Allen has been working in finance as an investment banker for more than 16 years. He has worked with Fortune 500 clients, private equity sponsors, and family-owned businesses on more than $100 billion in acquisitions and more than $40 billion in financings.


Allen has experience working closely with business owners and investors to help maximize returns and construct the most beneficial capital structures to help owners achieve their goals.

Allen graduated from Virginia Tech with a BS degree in Business – Finance and earned his MBA from The University of Maryland Robert H. Smith School of Business.

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