At Capital Square, we believe that durable performance is the product of discipline: clear priorities, repeatable execution and the conviction to make deliberate decisions grounded in fundamentals. As we look deeper into 2026 and beyond, we do so with gratitude for the partnership of our investor family and with a sharpened focus on what comes next.

Capital Square has evolved from a fast-growing sponsor of tax-advantaged real estate investments into something broader and more powerful: a vertically integrated platform with the ability to originate, capitalize, finance, develop, manage and operate real estate at scale. That transformation didn’t happen overnight. It was built deliberately through investment in people, systems and long-term capabilities that position the firm to compete at the highest level.

Now, we are taking the next step.

Our 2026–2030 Vision

Capital Square has charted a five-year roadmap to strengthen our position as a premier manager of alternative investments, as well as a best-in-class real estate developer and property manager.

The purpose of our Strategic Plan is simple: to grow with intention.

We have built an exceptional platform and have a superior team. But ambition alone is not enough. Our great machine can do more, but only if it is guided by a thoughtful strategy, aligned incentives and the infrastructure to scale without compromising quality.

Our 2026-2030 Strategic Plan is our commitment to that standard and the future.

The Three Pillars of Our Strategy

Our “Invest, Build, Manage” strategy focuses on:

1. Robust offering growth via a broad suite of tax-advantaged investment solutions designed to address diverse investor and advisor needs, goals and interests;
2. Development projects that expand Capital Square’s investment vehicles and leverage the best-in-class assets we are actively constructing; and
3. Optimizing the firm’s vertically integrated structure now in place to drive operational efficiencies, increase profitability and maximize investor returns.

Vertical integration is often discussed. Fewer firms actually achieve it.

At Capital Square, our “build” and “manage” pillars will continue to create the foundation that supports and enhances our “invest” function.

Over the next five years, we will focus on the systems, processes, offerings and accountability required to turn our platform into a compounding advantage that enhances performance, supports scale and increases the durability of our earnings.

The Chassis We Built and the Future We’re Engineering

Capital Square built the distribution model first. We built a chassis: a platform capable of delivering investment solutions through trusted channels, with strong relationships and consistent execution.

A chassis determines what a vehicle can carry. It determines how fast it can go. It determines how well it navigates the bumps in the road and whether it can prevail through the miles ahead.

While Capital Square built our chassis to serve as an investment manager with fundraising through the independent broker-dealer and registered investment advisor channels, we have a platform capable of dramatic growth. Our platform is also capable of serving institutional investors with the same discipline and consistency that has defined our current success.

Our chassis can support countless vehicles, and we’re ready to engineer that future, built upon our many competitive advantages. While we recognize that road conditions can change and fuel supply isn’t always predictable, we have the chassis and the horsepower to support exceptional growth.

By focusing our Strategic Plan on specific targets, including fully supporting all operating segments of the firm through recurring revenue, we create a hybrid infrastructure that will give our vehicle the ability to regenerate energy through many cycles. These targets establish enduring capabilities that remain stable even when market conditions become unpredictable.

Additional 2026-2030 priorities include:

• Strengthening our position through the continued cultivation of the top-tier talent on our expert team — hiring and retaining the most qualified professionals — while advancing training and reinforcing the family fundamentals and across-the-board excellence that power our long-term success
• Elevating our position as a nationally recognized leader in diverse tax-advantaged real estate investments (for example, DSTs, OZs, development funds and REITs) amid the approaching “Great Wealth Transfer,” while remaining agile to increase our fundraising capabilities through new vehicles and partnerships that drive our 2030 goals forward
• Seizing our construction and development expertise to establish new channels for broker-dealer, RIA, wirehouse and institutional investor expansion
• Enhancing investor and partner experiences through personalized engagement and robust educational offerings, tailored to different audience segments
• Leveraging data analytics, innovative technologies and new digital platforms for external relationship growth, internal assessments, asset performance optimization, company advancement and greater fundraising capabilities

With these priorities defined and specific new initiatives already underway, our next chapter is ready to begin – a chapter where Capital Square is no longer defined by a single vehicle but by a motorcade of vehicles.

From Market Leader to Fully Realized Real Estate Platform

Between 2026 and 2030, Capital Square will continue its transformation from a market leader in tax-advantaged real estate into a fully realized, vertically integrated investment, development and management firm.

We are proud of our foundational fundraising expertise and positioned to expand upon this success. We know how to raise capital. We know how to structure offerings. We know how to serve advisors and investors with precision and integrity.

We will not pursue growth for growth’s sake. We will pursue growth that compounds and benefits all stakeholders.

That means focusing on performance and investor outcomes. It means making investments in systems and talent that will define what we can deliver five years from now. It means being deliberate in how we build legacies.

We built the chassis, and we are excited about the road ahead, where we see the growth of our scaled platform that will provide differentiated investment solutions without sacrificing our highest standards of accountability and excellence.

The years ahead will reward firms that can operate with both flexibility and conviction — firms that can deliver at scale, execute through changing markets and offer tax-advantaged investment solutions built for real-world investor needs.

We believe Capital Square is positioned to do exactly that.

We drive forward in 2026 with momentum, with a stronger platform than ever, and with a plan designed not just to grow but to create lasting value.

Thank you for your continued trust and partnership. We do not take it lightly. We are building for the long term, and we are proud to do it with you.

Regards,

Louis J. Rogers
Founder & Co-Chief Executive Officer
Capital Square

Whitson Huffman
Co-Chief Executive Officer & Chief Investment Officer
Capital Square

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses.

The post Louis Rogers and Whitson Huffman’s Annual Public Letter to Investors: April 2026 appeared first on Capital Square - Raising capital, buildings and expectations.

When a pioneer of tax-advantaged real estate investments becomes an author then chooses to donate 100% of his royalties to the Children’s Hospital of Richmond at VCU, it’s a moment to dive deeper. In this conversation between founder and co-CEO of Capital Square Louis Rogers and award-winning media personality Jeff Katz, they discuss Rogers’ career, his new book (Section 1031 Exchanges: How to Swap Till Ya’ Drop, Building Family Wealth While Minimizing Taxes) and what building legacies truly means.

For more about Louis Rogers’ book, these additional media resources are available for you:

• “Section 1031 Exchanges: building family wealth while minimizing taxes” (Virginia This Morning, November 5, 2025)
• “Five Questions for Capital Square’s Founder & Co-CEO Louis J. Rogers” (AltsWire, May 28, 2025)
• “Capital Square Founder Louis J. Rogers Authors Definitive Guide on Section 1031 Exchanges” (press release, May 20, 2025)

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative and illiquid.

The post Section 1031 Exchanges and Building Legacies with Louis Rogers & Jeff Katz appeared first on Capital Square - Raising capital, buildings and expectations.

Video highlights include:

• Introduction to 721 Exchanges (jump to 0:39)
• Can an investor keep a DST for the long term? (jump to 1:27)
• What is Capital Square Housing Trust? (jump to 2:11)
• Can an investor invest in a REIT for the long term? (jump to 2:50)
• What are the benefits of an UPREIT? (jump to 3:11)
• Why should interest rates be considered when deciding whether to UPREIT? (jump to 6:47)
• How does Capital Square handle UPREITs differently? (jump to 7:39)
• A recap of DST-to-UPREIT considerations (jump to 8:17)

Essential takeaways:

The investors-first promise of UPREITs into Capital Square Housing Trust means:

• Our investors are never forced into an UPREIT when their DST property reaches maturity, and
• Only strategic, high-performing properties from our DST portfolio are destined for the REIT.

The 1031 to 721 Investor Journey can seem complicated, but at Capital Square, we know education allows for tremendous opportunities.

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.

The post Understanding DST-to-UPREIT Transactions appeared first on Capital Square - Raising capital, buildings and expectations.

They also shared an overview of the Fair Market Value concept and its implications, as well as Capital Square’s newest opportunity zone project, OZ Fund IX.

Video highlights include:

• Introduction to Opportunity Zones 1.0 (0:36, jump to this section)
• Opportunity Zones 2.0 Legislation Signed into Law on July 4, 2025 (07:07, jump to this section)
• Historical Context and Timeline (8:02, jump to this section)
• Key OZ 2.0 Provisions Included in H.R. 1 (12:24, jump to this section)
• Five Reasons to Make OZ 1.0 Investments (22:11, jump to this section)
• Fair Market Value (FMV) Example (29:33, jump to this section)
• Utilizing the J-Curve: A Hypothetical Example (32:09, jump to this section)
• Capital Square’s Opportunity Zone Transformations (36:58, jump to this section)
• Offering Details (39:40, jump to this section)

Delivering ongoing market analysis and tax-advantaged real estate investment education through our real estate research library and our ongoing expertise series is one of Capital Square’s competitive advantages.

Learn more about opportunity zones:

• “Capital Square’s Opportunity Zone Transformations”
• “An Investment Case for Qualified Opportunity Zones: Program Analysis & Markers of Success”

Explore our latest open offerings and contact our team to continue the discussion.

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.

The post Opportunity Zones in Focus: Exploring the One Big Beautiful Bill Act appeared first on Capital Square - Raising capital, buildings and expectations.

“The future standard portfolio may look more like 50/30/20—stocks, bonds, and private assets like real estate, infrastructure, and private credit,” Fink wrote, and because portfolio allocation is one of our favorite discussions at Capital Square, we wanted to continue the conversation.

We’ve analyzed the Yale Endowment Model, and we’ve written white papers on “Why Real Estate is an Essential Component of Portfolio Allocation.”

In short, as Larry Fink points out, the data verifies that superior portfolios include real estate.

Insights from Capital Square’s Leadership

• “Financial advisors are coming around to what we’ve always known. Adding real estate investments to an investor’s portfolio increases returns and reduces risk. The stats back it up.” — Louis Rogers, founder and co-CEO, Capital Square
• “Following the lead of endowments and institutions, retail investors are looking for greater diversification than the traditional equity and fixed income products can provide. Investing in real estate and other hard assets makes logical sense to reduce the long-term impact of volatility.” — Drew Jackson, Chief Distribution Officer, Capital Square
• “If your goal is to grow AUM, grow referrals, and retain client assets, using private real estate is no longer just an optional strategy. It’s a requirement.” — Jessica Correnti, CFP ®, Senior Vice President, National Accounts, Capital Square
• “An increased allocation to non-correlated alternatives, like private real estate has historically reduced risk and increased returns in a client portfolio. This strategy closely aligns with institutional investing.” — Albert Thompson, Vice President, National Accounts, Capital Square
• “I think this is a long time coming especially now that alternatives are getting more eyes looking at them.” — Mark Mercado, Executive Vice President, Investment Programs & Operations, Capital Square

Investing in real estate can mean an array of possibilities, each designed for different investor goals and preferences. Returns-oriented investors can invest solely in development funds; tax-conscience investors can invest in DSTs and qualified opportunity zone funds; investors looking to diversify risk with a steady dividend can invest in a REIT.

Capital Square’s unique value chain allows for each of these real estate investment vehicles, which enables investors to remain with Capital Square for an asset’s entire life cycle, reducing transaction costs and maximizing investor return potential.

So, in short, what is our team’s reaction to the recently increased conversations about including real estate within an optimal investment portfolio? We’re ready for it.

Connect today to continue the conversation.

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses.

The post Optimal Portfolio Allocation Includes Real Estate Investments appeared first on Capital Square - Raising capital, buildings and expectations.

Capital Square’s founder and co-CEO, Louis Rogers; executive vice president and co-head of development, Natalie Mason; and vice president of investor communications and REIT operations, Jessica Dodt-Escobar authored the article, titled “Four Cities, Four Opportunity Zones: Lasting Results of the 2017 Tax Cuts and Jobs Act Legislation.”

Read the full piece to hear their in-depth insights and analysis.

View PDF

The post Capital Square in the Novogradac Journal of Tax Credits: Four Cities, Four Opportunity Zones appeared first on Capital Square - Raising capital, buildings and expectations.

So, in the early 1990s, a number of us in the real estate industry met in Chicago, drafted bylaws and officially formed a nonprofit known as the Tenant in Common Association (TICA), the original trade association for TICs and other alternative investments. You may know this organization now under its updated name of the Alternative & Direct Investment Securities Association (ADISA), which is still growing with a membership of over 5,000. I served two terms on the board back in the day and helped to draft the first memorandum on Best Practices.

Like the maker of buggy whips when cars took the place of horses, I feel a bit of remorse over the years of sweat that went into commercializing the TIC structure, but I am happy for the thousands of exchangers who now have the benefit of the much better Delaware statutory trust (DST) structure, a fractionalized ownership model that takes all of the benefits of TICs to even greater heights. Being a part of this new structure’s creation is a separate story for another day.

Still, our TICA formation is top of mind because I see parallels to that moment today. I find myself thinking of where we’ve been, what we’ve built, best practices in the industry, economic shifts underway and that, ultimately, we should take care of our investors first, foremost and always.

At Capital Square, we continue to build legacies for our investors with tax-advantaged DST offerings as we have since day one. Our portfolio has also evolved, now including qualified opportunity zone funds, development funds and a real estate investment trust (REIT). Moreover, while we were once a real estate investment firm, Capital Square is now a comprehensive, vertically aligned real estate firm of over 350 real estate professionals with three pillars. We invest. We build. We manage. This is how we fulfil our mission to raise capital, buildings and expectations.

Over time, evolution occurs, but investors stay at the forefront of my mind. Educating them well is the key to our future development as a real estate firm beyond being just a sponsor of tax-advantaged offerings.

The real estate investment industry doesn’t talk about TICs anymore. However, that strategic discussion decades ago, when the real estate investment industry was in a position to rapidly grow, has so many echoes in conversations I have daily – in this moment, in 2025. Times have changed, but some core foundations stay the same.

Capital Square enters 2025 positioned to thrive.

2024 was our year of recalibration. We had some nice shifts in executive leadership, including Jay Olander and Drew Jackson joining us early in the year as President & CFO and Chief Distribution Officer, respectively. Capital Square Apartment REIT entered 2024 with a two-property portfolio and transformed in name, breadth and strategy over 12 months. Now known as Capital Square Housing Trust, our REIT has become a five-property portfolio, employing the disciplined capital allocation strategy we set forth, providing distributions from a range of housing solutions, including Class A and B multifamily and, someday, build-for-rent communities. The properties that have recently become a part of our REIT have been intentionally chosen because we have owned and managed them for years. They are the best of the best – properties that are so good, we aim to keep them when they reach maturity and the DST tax rules require a sale. We know their worth and their value-add, as do our investors. And just wait for what we have in store for 2025.

Our vertical integration really came to life in the past twelve months as well. Capital Square Living (CSL), our property management division, continued to expand, closing the year with operations in 28 cities across seven states, a tremendous growth in just under two years’ time. Our development team continued to drive exceptional work, with innovative construction processes turning heads across the industry and significant economic impact created across the cities where we build in spite of the challenges from inflation, supply constraints and higher interest rates.

As discussions around legislation involving opportunity zones, cost segregation and bonus depreciation have risen anew due to the scheduled expiration of the Tax Cuts and Jobs Act of 2017, our team has been a voice on Capitol Hill and in legislators’ offices. We’ve shared not only the local impact creation we’ve seen from our own projects in cities like Raleigh, Charleston and Knoxville, but we’ve also become a recognized voice for investor empowerment.

Speaking of which, Capital Square’s investor relations team won the 2024 gold medal at the Titan Awards for Best Customer Service Team in the United States. It was an outstanding year for awards and recognitions. In 2024, Capital Square was named among the top 100 “Inspiring Workplaces” of North America, and Inc. named us among the 5,000 fastest growing companies in the nation for the eighth consecutive year.

The story of U.S. real estate in 2024 was at times tepid, but I am so proud of the year we just wrapped up. The scaffolding is in place. Investor interest is beginning to rise after a lull that started in 2023 with the rapid rise in interest rates. Our entire vertically aligned company is now ready to seize the opportunities ahead.

Invest

Our investment offerings pipeline was recalibrated to fit the 2024 climate. Our nimbler build-for-rent (BFR) DST programs sold out in weeks, while some of the classic DST offerings of large, garden-style apartment communities took longer to fund, though we’re recently watching their velocity increase. Opportunity zone fund investments were hot, and our REIT had a banner year, not only with interest from the preferred offering but also through three 721 exchange UPREIT transactions.   

The investor journey from DST to REIT through an UPREIT has become one my favorites. There’s the inherent continuity of investment from a Section 1031 exchange to a Section 721 exchange, but Capital Square’s offering of true optionality in this process is rare in the industry. No Capital Square investor is ever forced to UPREIT or surprised by additions of lower performing properties to the REIT amid the transaction. Plus, every property that has joined Capital Square Housing Trust via an UPREIT has been selected because we have already owned and managed the property. Each moved through Capital Square’s strategic value chain, which we consider another major competitive advantage. And this allows the REIT to retain the best of the best and the investors to convert their tax deferral under Section 1031 to permanent tax deferral in the REIT and, ultimately, tax forgiveness on death. That is the holy grail of real estate investing.

A year ago, we were debating when the Fed would begin cutting interest rates and if a potential recession was looming, but strong consumer spending, gradually decreasing inflation and solid unemployment numbers have shown the resilience of the U.S. economy.[i] Resilience is good ultimately but not for a Federal Reserve that wants to kill the economy to solve inflation. While we would prefer increasing the supply of goods and reducing government spending to get there, recent actions have resulted in a 10-year Treasury bond (the metric for most mortgage interest rates) that has gone up dramatically even when the Fed has cut their target interest rates. It’s not supposed to work that way, and it makes it nearly impossible to structure quality investments with positive leverage. But I have faith this all will change when the markets acclimate to the new sheriff in the White House.

Also, since 2022, some residential markets have experienced an unprecedented amount of new housing supply. This has slowed rent growth and occupancy in those markets, but the new supply is being absorbed at a record pace – quicker absorption than at any other time in history.[ii] Plus, new construction has come to a virtual halt due to interest rates and other factors; multifamily construction permits have decreased dramatically of late. Many prognosticators look to the shortage of over 3.5 million housing units, as well as the extraordinary absorption and lack of new construction to conclude that, starting in 2026, there will be another significant housing shortage, even in the newly supplied markets – rents will rise dramatically, and the buildings will be full once again.[iii]^, [iv] That is great news for our business.

These industry experts seem to be falling in line with our own research and predictions about the year ahead. The capital on the sidelines that I referenced in my 2024 letter seems ready to enter the conversation. A gradual improvement of economic conditions suggests the beginning a new real estate cycle.

Furthermore, CBRE has named multifamily as, “the most preferred asset class for commercial real estate investors in 2025.”[v] As you’ve heard us say before and we will continue saying, we’re living in “the Golden Age of Multifamily Investing,” as noted by world-renowned real estate economist and Capital Square advisor, Dr. Peter Linneman. Our REIT, our tax-advantaged real estate investment offerings and our powerhouse team of real estate experts are ready for it.

Build

To quote Natalie Mason, Capital Square’s co-head of development, “2024 was a build year.” After proving our development thesis through lease up in 2023, when we stabilized 559 units across four multifamily developments, 2024 was the next phase, when our mixed-use multifamily developments rose from the ground. While we started our first projects in our hometown of Richmond, Virginia, we’re now building across the Southeast and even out West in Colorado, Arizona and Texas. The sky is the limit.

Following our “build year,” 2025 will be a “lease-up year” for Capital Square’s development team. We will be focused on opening and leasing up over 1,000 housing units as well as over 20,000 square feet of retail space. We’re partnering with industry heavyweights in new and exciting ways, and we’re so proud of our top-notch team reshaping the landscape of cities and also the industry.

Manage

In 2024, our asset management team closed three property dispositions and three UPREITs. Included in this list is the largest single disposition in the firm’s history. Capital Square has over $6 billion in assets under management, which includes over 170 real estate assets. Capital Square Living now handles property management of 47 of our multifamily communities, and that number will continue to grow in 2025.

While some companies claim to be vertically aligned but then outsource major aspects of their work, we are proud of our in-house teams that can work even more powerfully together, because we are all dedicated to the same singular comprehensive cause.

Building Legacies for Investors, Team Members and Communities

In short, “Invest, Build, Manage” results in “Income, Growth, and Tax-efficiency.” Thinking about your past, your present and your possibilities for the future is easier when you can position the scaffolding that maintains the whole.

At Capital Square, we have positioned the scaffolding. With investors as the soul of our business and our dedication to impact creation and rich education, it’s time to thrive in 2025. We are convinced that, without any doubt, the best is yet to come. We welcome you to join us on this exciting journey.

Regards,

Louis J. Rogers

Capital Square Founder & Co-CEO

[i] “Resilience & Recovery: The Future of CRE in 2025,” Colliers, December 11, 2024.

[ii]  “Marketbeat: United States Multifamily Q4 2024,” Cushman & Wakefield, January 2025.

[iii] “Economic, Housing and Mortgage Market Outlook – November 2024 | Spotlight: Housing Supply,” FreddieMac.com, November 26, 2024.

[iv] John Triplett, “Rents Forecast to Rise in 2025 and 2026,” Rental Housing Journal, December 30, 2024.

[v] “2025 U.S. Real Estate Market Outlook: Increased Leasing & Investment Activity Expected,” CBRE Research, December 2024.

Disclosure: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative. Diversification does not guarantee profits or protect against losses.

The post Annual Letter from Capital Square Founder & Co-CEO Louis Rogers: January 2025 appeared first on Capital Square - Raising capital, buildings and expectations.

Deferral and/or exclusion of capital gains tax is only one piece of the powerful real estate investment story unfolding in the Southeast through Texas. Population and employment growth in the Sun Belt as well as evolving demographic trends all mean transformative potential is available to investors.

Are you considering real estate investments through a REIT within your wealth growth strategies?

Learn more about real estate investment trusts, the multifamily investment sector and the strength of the Sun Belt in the third video of our REIT webinar series:

Reach out to your financial advisor or a member of our team for more information on Capital Square Apartment REIT, Inc.

The post An Introduction to Real Estate Investment Trusts (REITs) – Part 3: Sun Belt Real Estate & Its Intriguing Potential appeared first on Capital Square - Raising capital, buildings and expectations.

By investing in a housing-focused real estate investment trust (REIT), millions of Americans are improving their financial lives. Some are investing for the future. Others are using the predictable dividends to live on in retirement.

In part two of our educational series on REITs, Louis Rogers, Capital Sqaure’s founder and co-CEO, discusses how investors can access investment grade real estate, some of the strongest properties in the nation – and why multifamily real estate specifically has remarkable potential.

Learn more about how strong communities and strong markets create powerful results through a REIT.

Capital Square’s team of real estate experts is available if you have any questions or if you’d like to learn more. Reach out to your financial advisor or contact a member of our sales team for more information on Capital Square Apartment REIT, Inc. Click here to find out which wholesaler can service you today.

The post An Introduction to Real Estate Investment Trusts (REITs) – Part 2: The Robust Potential of Multifamily Investing appeared first on Capital Square - Raising capital, buildings and expectations.

Because Capital Square is bullish on education, the following introduction to REITs and their potential was made just for you:

Leveraging our decades of experience in multifamily acquisitions and data-driven decision making, the Capital Square Apartment REIT is designed to handpick Class A and Class B multifamily properties with value-add and growth potential as well as strong operating efficiencies from open market acquisitions and the existing Capital Square portfolio. We target stable income, capital appreciation and a hedge against inflation to deliver the greatest potential earnings for our investors.

Learn more about how strong communities and strong markets create powerful results through a REIT.

The post An Introduction to Real Estate Investment Trusts (REITs): Cash Flow, Appreciation and Inflation Protection appeared first on Capital Square - Raising capital, buildings and expectations.