{"id":182777,"date":"2026-04-24T15:51:19","date_gmt":"2026-04-24T15:51:19","guid":{"rendered":"https:\/\/capitalsq.com\/?post_type=expertise&p=182777"},"modified":"2026-04-24T15:51:24","modified_gmt":"2026-04-24T15:51:24","slug":"annual-public-letter-to-investors-2026","status":"publish","type":"expertise","link":"https:\/\/capitalsq.com\/expertise\/annual-public-letter-to-investors-2026\/","title":{"rendered":"Louis Rogers and Whitson Huffman\u2019s Annual Public Letter to Investors: April 2026"},"content":{"rendered":"

Dear Investors:<\/p>\n\n

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.<\/p>\n\n

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\u2019t 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.<\/p>\n\n

Now, we are taking the next step.<\/p>\n\n

Our 2026\u20132030 Vision<\/span><\/h2>\n\n

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.<\/p>\n\n

The purpose of our Strategic Plan is simple: to grow with intention.<\/p>\n\n

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.<\/p>\n\n

Our 2026-2030 Strategic Plan is our commitment to that standard and the future.<\/p>\n\n

The Three Pillars of Our Strategy<\/span><\/h2>\n\n

Our \u201cInvest, Build, Manage\u201d strategy focuses on:<\/p>\n\n

    \n
  1. Robust offering growth via a broad suite of tax-advantaged investment solutions designed to address diverse investor and advisor needs, goals and interests;<\/li>\n\n\n\n
  2. Development projects that expand Capital Square\u2019s investment vehicles and leverage the best-in-class assets we are actively constructing; and<\/li>\n\n\n\n
  3. Optimizing the firm\u2019s vertically integrated structure now in place to drive operational efficiencies, increase profitability and maximize investor returns.<\/li>\n<\/ol>\n\n

    Vertical integration is often discussed. Fewer firms actually achieve it.<\/p>\n\n

    At Capital Square, our \u201cbuild\u201d and \u201cmanage\u201d pillars will continue to create the foundation that supports and enhances our \u201cinvest\u201d function.<\/p>\n\n

    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.<\/p>\n\n

    “At Capital Square, our \u201cbuild\u201d and \u201cmanage\u201d pillars will continue to create the foundation that supports and enhances our \u201cinvest\u201d function.”<\/span><\/h2><\/div>\n\n

    The Chassis We Built and the Future We\u2019re Engineering<\/span><\/h2>\n\n

    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.<\/p>\n\n

    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.<\/p>\n\n

    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.<\/p>\n\n

    Our chassis can support countless vehicles, and we\u2019re ready to engineer that future, built upon our many competitive advantages<\/a>. While we recognize that road conditions can change and fuel supply isn\u2019t always predictable, we have the chassis and the horsepower to support exceptional growth.<\/p>\n\n

    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.<\/p>\n\n

    “Our chassis can support countless vehicles, and we\u2019re ready to engineer that future, built upon our many competitive advantages.”<\/span><\/h2><\/div>\n\n

    Additional 2026-2030 priorities include:<\/p>\n\n