The Lyric at Norton in Prospect, Kentucky

Capital Square Launches Property Management Group

by Lynn Peisner

RICHMOND, VA. — Capital Square has launched a management division called Capital Square Living. The wholly owned subsidiary will oversee all management functions of the portfolio of 55 assets that the Richmond-based firm either owns and/or has developed. The properties comprise about 14,000 units across the Southeast and Texas.

Capital Square Living will begin the phased onboarding of communities in April, providing services that include operations, maintenance, employee development and training, customer service, revenue management, marketing, budgeting, leasing and resident-retention functions.

“By internalizing property management, the same management team will be hands-on from acquisition or development until disposition of each property,” says Louis Rogers, founder and co-chief executive.

Capital Square specializes in tax-advantaged real estate investments, including Delaware Statutory Trusts (DSTs) for section 1031 exchanges and qualified opportunity zone funds for tax deferral. In recent years, the company has become a developer of mixed-use multifamily properties in the southeastern United States, with eight current projects in the pipeline or completed that total approximately 2,000 apartment units with a development cost of more than $600 million.

You may also like