Company adds two experienced industry experts to executive management team to lead new division
RICHMOND, Va., Sept. 19, 2022 /PRNewswire/ — Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the launch of its Private Equity Group, a new corporate division that will focus on single-family build-for-rent homes and other non-traditional real estate investment opportunities. Industry veterans, Jon Trott and Dave Platter, have joined Capital Square as managing directors to lead the new division.
“Build-for-rent homes are an increasingly popular choice among renters in the Southeast through Texas, where Capital Square actively invests in multifamily housing,” said Whitson Huffman, co-chief executive officer of Capital Square. “Exceptionally strong demand has made build-for-rent a compelling investment strategy in response to a shortage of quality housing. With in-house development, capital markets, asset management and acquisitions, the build-for-rent space is a natural evolution for Capital Square and is another way to provide innovative and compelling options to a growing number of investors and financial advisors nationwide.”
Build-for-rent homes, comprised of communities of single-family homes built for renting, have become an increasingly popular investment option among institutions and individual investors. Demand for this rental option is growing exponentially among residents who seek a single-family lifestyle, the financial and leasing flexibility of a rental with the amenities and convenience of a professionally managed property.
The U.S. has chronically underbuilt housing since the Great Financial Crisis and needs an additional 4.3 million housing units by 2035 to meet the demand for rental housing, according to the National Multifamily Housing Council. Demand for build-for-rent homes continues to increase with professionally managed communities offering one of the best solutions for the shortage of quality, affordable housing. Institutional ownership and build-for-rent’s share of overall U.S. housing stock remains less than 5%, paving the way for long-term, sustained growth for the asset class.
“We are thrilled to have Jon Trott and Dave Platter launch the Private Equity Group at Capital Square and focus on build-for-rent homes and non-traditional real estate investments,” said Louis Rogers, founder and co-chief executive officer. “Build-for-rent is the hottest segment of multifamily investing and plays into the demographic trend where younger residents along with aging baby boomers want to live in a single-family home with the freedom and flexibility of a rental. We believe build-for-rent housing will become one of the most popular strategies in Capital Square’s growing investment portfolio.”
Prior to joining Capital Square, Trott and Platter led the private equity team of The Amherst Group’s build-for-rent division, where they were responsible for capital raising, acquisition sourcing and overall management of the division. Amherst is one of the nation’s largest investors and operators of single-family rental homes, with $16 billion in assets under management in over 30 markets.
Previously, Trott was an investment professional with Spear Street Capital, a San Francisco-based real estate private equity firm. He began his career with JPMorgan Chase & Co., one of the globe’s leading financial services firms, where he reported to the chief executive officer of asset management and was involved in the execution of key mergers and acquisitions transactions, as well as strategic initiatives. He earned a bachelor’s degree from Tufts University and a Master of Business Administration from Harvard Business School.
Prior to his tenure with The Amherst Group, Platter was the co-founder of Southern Creek Capital, a boutique investment manager in the single-family rental and multifamily spaces. He previously worked at the JBG Companies (now JBG SMITH Properties; NYSE: JBGS), where he was responsible for the development of more than $500 million of multifamily and mixed-use properties. His career began in the asset management division of JPMorgan Chase & Co. Platter received a bachelor’s degree from The University of Virginia and a Master of Business Administration from Duke University’s Fuqua School of Business.
About Capital Square
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). In recent years the company has become an active developer of mixed-use multifamily properties in the southeastern US, with eight current projects totaling approximately 2,000 apartment units with a total development cost in excess of $600 million. Since 2012, Capital Square has completed more than $6 billion in transaction volume. Capital Square’s related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for six consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense’s list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their “Best Places to Work in Virginia” report in 2019 and their “Fantastic 50” reports in 2019 and 2020. To learn more, visit www.CapitalSq.com.
Disclaimer: 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 multi-family 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.
Spotlight Marketing Communications
View original content to download multimedia:https://www.prnewswire.com/news-releases/capital-square-launches-private-equity-group-to-focus-on-build-for-rent-and-other-non-traditional-real-estate-investments-301626667.html
SOURCE Capital Square
Baron Funds, an asset management company, released its “Baron Real Estate Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Baron Real Estate Income Fund (the “Fund”) declined 18.43% (Institutional Shares) in the second quarter of 2022, modestly underperforming its primary benchmark, the MSCI US REIT Index (the […]
The ‘70s are coming back in a big way, and while that’s not so bad in fashion or in music, it’s safe to say that no one really wants that ‘70s economy back. That was the decade that brought stagflation, a nasty mix of high inflation, increasing unemployment, and stagnant job growth. Economists had long thought that combo impossible, but the economic mismanagement of the Carter Administration proved them wrong. At least one top economist, Mohamed El-Erian from Allianz, sees a stagflationary perio
In this article, we will look at the 10 stocks that can crash after the Federal Reserve’s latest rate hike. If you want to explore similar stocks, you can also take a look at These 5 Stocks Can Crash After Federal Reserve’s Latest Rate Hike. Inflation Rose 8.3% in August In August 2022, the all […]
QuantumScape (NYSE: QS) shares are significantly outperforming other technology stocks to the downside today. While the tech-heavy Nasdaq Composite index was down about 1.3% as of 2:45 p.m. ET, QuantumScape stock was lower by 6%. If successfully commercialized, solid-state battery technology should provide faster charging times with a more efficient and safer battery.
Ignore Buffett's wisdom? Maybe just this once.
(Bloomberg) — A brutal wipeout in a $25 billion bond exchange-traded fund has investors wagering that the worst is over on the eve of a crucial Federal Reserve decision.Most Read from BloombergHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseTycoon's Wild $3 Billion Gamble on ‘China's LVMH’ CrashesSouthwest Mexico Struck by 7.5 Magnitude Earthquake, Buildings Sway in CapitalMark Zuckerberg’s $71 Billion Wealth Wipeout Puts Focus on Meta’s WoesFed Set to Reveal ‘Pain’ Coming in Ne
Add Ford to the growing list of industrial letdowns for the third quarter.
What’s going on in the markets lately? Since the start of this year, we’ve seen a prolonged bearish trend, and now a cycle of high volatility. Investors can be forgiven for feeling some confusion, or even some whiplash, in trying to follow the rapid ups and downs of recent weeks. One important fact does stand out, however. Over the past three months, since mid-June, we’ve see rallies and dips – but the markets have not seriously challenged that mid-June low point. Examining the situation from re
Warren Pies, co-founder and strategist at 3Fourteen Research, identifies is the single-best bad news fighting asset around right now.
Advanced Micro Devices stock is down about 50% from its highs, but its business hums along. Let's look at where support may come into play.
This passive-income powerhouse offers a nearly 15% yield and is slated to split its shares in less than a week.
Stitch Fix and Beyond Meat were just some of the companies on the move in after hours trading on Tuesday, September 20, 2022.
Here's what leading Fed watchers are looking for on Wednesday when the Fed announces its rate decision at 2 p.m. Eastern.
Signs of disinflation have emerged even as investors fear the Federal Reserve Chair Powell will keep battling inflation through aggressive rate hikes that have hurt both stocks and bonds, according to a Capital Economics note.
Savvy investors could use the temporary decline in an upward-trending oil refining market to buy stocks like PBF, VLO and PSX at a discount.
A Wall Street analyst cited growing competition from another e-commerce powerhouse, but his view is short-sighted.
At least the stock market isn't rallying into the Fed meeting. Expect another 75-basis-point rate hike, with more to come. Tesla stock flirted with buy points.
Alphabet stock has fallen more than 30% only three times in the past 12 years. Now is one of those times. Let's look at support.
Shares of Microsoft Corp. fell 0.7% in premarket trading Tuesday, after the software behemoth said it raised its quarterly dividend by 9.7%, to 68 cents a share from 62 cents a share. The new dividend will be payable Dec. 8 to shareholders of record on Nov. 17. Based on Monday's stock closing price of $244.52, the new annual dividend rate implies a dividend yield of 1.11%, which compares with the yield for the SPDR Technology Select Sector ETF of 0.96% and the implied yield for the S&P 500 of 1.
These pharma giants are ideal for long-term investors because of their consistent growth and above-average dividend yields.