Skip Navigation

Capital Square Launches Property Management Subsidiary Completing Vertical Integration

March 20, 2023

RICHMOND, Va. (March 20, 2023) – 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 Capital Square Living, a wholly owned subsidiary that will oversee all management functions of the company’s growing multifamily portfolio, currently comprised of 55 residential communities and more than 14,000 units across the Southeast and Texas.

“Capital Square is now a vertically integrated real estate company,” said Louis Rogers, founder and co-chief executive officer. “This has been an evolution; the company was formed in 2012 and built a strong foundation with experienced executives specializing in acquisitions, legal, finance, accounting and asset management. Then, in 2019, the development arm was launched and now has over 1,600 residential units built or under construction. In 2021, Capital Square Apartment REIT was formed and, last year, the Private Equity Group was launched and already has a large pipeline of build-for-rent (BFR) housing communities acquired and under construction. Capital Square Living is the final step – creating a competitive advantage by providing property management services for our growing portfolio.”

Capital Square Living is led by President Gus Remppies, an industry veteran with more than 30 years of experience in the multifamily space. He is joined by a seasoned team of exceptional property management executives. Remppies served as president, chief operating officer, chief administrative officer and chief investment officer of Landmark Apartment Trust prior to its acquisition by Starwood Capital Group and Milestone Apartments Real Estate Investment Trust in an all-cash transaction valued at approximately $1.9 billion. Under Remppies’ leadership, Landmark aggregated a multifamily portfolio that was ultimately comprised of 24,000 apartment units located throughout the Southern states and strategic Texas markets. Previously, Remppies served as executive vice president of Grubb & Ellis Residential Management and as a senior executive with Cornerstone Realty Income Trust Inc., where he oversaw the acquisition and development of approximately 30,000 apartment units.

“Capital Square Living will deliver superior property management services by providing a best-in-class experience for our residents, exceptional living and outstanding customer service,” said Remppies. “We are not simply managing apartments, we are providing quality residences and establishing livable communities for thousands of residents in the vibrant Southeast.”

Rogers added, “By internalizing property management, the same management team will be hands-on from acquisition/development until disposition of each property. Our vision is now complete – we are multifamily owners who actively develop and operate our properties. As a fully integrated real estate company, Capital Square will increase efficiency; we will do an exceptional job of serving our residents and, in turn, the thousands of Capital Square investors nationwide.”

Capital Square Living will begin the phased onboarding of communities in April 2023 and expects to assume direct management of the Capital Square multifamily portfolio thereafter. Capital Square Living will provide comprehensive management services, including operations, maintenance, employee development and training, customer service, revenue management, marketing, budgeting, leasing and resident retention.

Whitson Huffman, co-chief executive officer of Capital Square, added, “We are singularly focused on providing the best experience possible for our stakeholders and residents. The establishment of Capital Square Living is a monumental step for Capital Square that will provide tangible value creation for our residents, investors and team members, all of whom will benefit from a nimbler and more efficient, vertically integrated company.”

The company has launched as a comprehensive website for prospective and current residents. Users can research the various Capital Square multifamily communities, request tours, submit leasing applications, make rent payments, facilitate service requests and search career opportunities.

About Capital Square

Capital Square is a vertically integrated 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 U.S., 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 $7.5 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. In 2023, Capital Square was recognized by the Richmond Times-Dispatch as one of the region’s “Top Work Places.” To learn more, visit

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.


Corporate Responsibility & Sustainability Initiatives

Our elevated focus on corporate responsibility and sustainability furthers our commitment to environmental stewardship and community well-being.

Join the Capital Square Team

Our culture of collegiality and family-oriented values is a competitive advantage, and our team members are individuals at the top of their respective fields.