North State Capital Partners

C. Shane Buckner, CFA
Founder, Managing Partner

Shane Buckner has more than 17 years of professional real estate and investment experience. Since
forming NorthState, Shane has been involved in the acquisition and development of numerous real
estate projects, including single-family development, home-building, multifamily, retail, self-storage
and office projects.  Prior to forming NorthState, Shane was Vice President and Senior Investment
Analyst for Wells Capital Management, the asset management division of Wells Fargo, where he was
responsible for the analysis and selection of various fixed income investments in the real estate
sector, including Real Estate Investment Trusts (REITs), Home Building, and Construction and
Building Materials & Products.  Prior responsibilities include the ongoing analysis and selection of
investments in various industries including Retail & Restaurants, Manufacturing & Industrial, Energy,
Oil & Gas, Consumer Products, Paper & Packaging, Banking and Financial Institutions, as well as
others. This experience included analyzing and valuing the underlying real estate of publicly traded
companies in the evaluation and selection of potential buyout candidates, participating in structured
financing deals secured by real estate leases, and analyzing publicly traded real estate services
companies.  Shane’s investment opinions have been cited in The Wall Street Journal, The Financial
Times, Bloomberg News, Dow Jones Newswires, as well as other publications. Shane holds a BS in
Finance from the University of North Carolina at Wilmington, has earned the Chartered Financial
Analyst (CFA) designation, and is a licensed NC real estate broker. Shane is a Board Member of the
CFA North Carolina Society and a member of the CFA Institute.

David Dupree
Managing Partner

David has more than 17 years of professional real estate experience.  This experience includes real
estate development and investing activities as a principal as well as brokerage activities involving
sales and leasing.  David has been involved in the acquisition and development of numerous real
estate projects, including single-family development, home-building, multifamily, retail, office, self-
storage, and industrial projects.  Prior to his career in real estate, David was a founding partner in a
start-up marketing company that manufactured and distributed licensed NASCAR memorabilia and
apparel to the convenience, grocery, and drug store channels.  In the late 90’s, after tremendous
growth, David and his partner sold their company to a publicly traded national distribution
company.  Following the sale David began developing and investing in commercial real estate.  In
2003, David formed BCB Investments, LLC, a real estate brokerage firm focused on investment sales
and leasing in various markets in North Carolina, with a particular emphasis on the Charlotte/Lake
Norman area, but also serving the Triad and Triangle markets as well.   David has particular expertise
and experience identifying under-valued investment opportunities and turning around under-
performing properties.  David has a Bachelor of Science degree in Communications from East
Carolina University and holds a North Carolina & South Carolina Real Estate License.  David is a
member of Certified Commercial Investment Members (CCIM).  David is a member of The Charlotte
Regional Board of Realtors, the NC Association of Realtors, and the National Association of Realtors.  

Shane Seagle, P.E.
Managing Partner

Shane Seagle has over 22 years of professional real estate experience and extensive knowledge in
developing and redeveloping various property types including single family residential, multifamily
residential, office and retail.  Prior to joining NorthState Capital Partners, Seagle was co-founder and
Managing Partner of CitiSculpt, Southern Apartment Group, and Property Advocate Services in
Charlotte, NC and was directly responsible for the overall success of the acquisition, planning,
entitlement, design, financing and construction of all real estate developments.  Seagle has developed
more than 6,300 single family and multifamily units throughout the Carolinas.  Seagle holds a
Bachelor of Science in Civil Engineering (BSCE) and a Master of Science in Real Estate Development &
Finance (MSRE) from UNC Charlotte.  Seagle is also a Licensed Professional Engineer (P.E.) in North
Carolina (2001-Present), and in 2006, received Charlotte Business Journal’s “40 Under 40” Award.  
Seagle currently serves on the Board of Directors for YMCA Denver, and is a member of the Urban
Land Institute (ULI), Greater Charlotte Apartment Association (GCAA) and Home Builders Association
of Greater Charlotte (HBAC).  
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