Capital Square Housing Trust Launches $40 Million Preferred Stock Offering

RICHMOND, Va., July 14, 2025 /PRNewswire/ -- Capital Square Housing Trust, a real estate investment trust (REIT) sponsored by Capital Square, announced today the offering of up to four million shares of its Series 2 Class A and Class I Redeemable and Convertible Preferred Stock at $10 per share. The offering is limited to accredited investors.

Capital Square Housing Trust seeks to raise $40 million, subject to an increase up to $45 million, to fund acquisitions, UPREIT transactions, preferred stock redemptions, and other real estate-related investments and working capital, in addition to general corporate purposes.

"The Series 1 preferred stock offering was such a success that Capital Square Housing Trust has launched Series 2," said Louis Rogers, founder and co-chief executive officer of Capital Square. "The offering includes both Class A shares for sales by broker-dealers and Class I shares for sales by registered investment advisors."

Investors in Class A who purchase from a broker-dealer are projected to receive a 9.0% annual dividend, paid monthly, and have a $10,000 minimum investment. Investors in Class I who purchase from a registered investment advisor are projected to receive a 9.75% annual dividend, also paid monthly, and have a $5,000,000 minimum investment.

Following the fourth anniversary of the offering, the preferred stock will be convertible by either the REIT or the shareholders at a discounted price of the lesser of 95% of the per share liquidation price and 95% of the net asset value per share, if the REIT is calculating net asset value (NAV) at that time. Shareholders who elect to convert preferred stock to common stock will receive a 5% discount on the price per share of common stock.

Investors in the preferred stock offering may also elect to purchase shares through the Preferred Distribution Reinvestment Plan, or "DRIP," rather than receiving their monthly cash dividend payments. DRIP participants will acquire additional shares in the offering at the then current purchase price, free of any fees or sales commissions.

"This offering provides investors with an attractive yield, monthly income and a built-in opportunity to participate in the future growth of Capital Square Housing Trust through conversion," said Whitson Huffman, co-chief executive officer and chief investment officer of Capital Square. "It also supports the REIT's strategic growth, including accretive acquisitions, credit solutions for future pipeline creation and UPREIT transactions that align with our long-term vision for building a best-in-class portfolio of housing communities."

About Capital Square Housing Trust
Capital Square Housing Trust is a real estate investment trust sponsored by Capital Square, a national real estate firm that is led by a seasoned team of real estate investment professionals with decades of experience. Capital Square Housing Trust acquires and manages a range of housing solutions, including Class A and B multifamily as well as build-for-rent communities in growth markets to mitigate risks while providing long-term capital appreciation for our stakeholders. To learn more, please visit www.CapitalSquareREIT.com.

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, a real estate investment trust (REIT) and development LLCs. The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $7.9 billion in transaction volume. Capital Square's mixed-use development projects total over 2,000 apartment units with a total development value in excess of $800 million, and Capital Square Living, the firm's property management division, now manages over 13,000 apartments across multiple states. 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. The company has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for eight consecutive years. Learn more at CapitalSq.com.

Disclosure
Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square Housing Trust is a tradename of Capital Square Apartment REIT, Inc. Capital Square Apartment REIT, Inc. and WealthForge Securities are not affiliated. Capital Square Apartment REIT, Inc. and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in private real estate investment trusts 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. This is not a solicitation or an offer to sell 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. FINRA Broker Check link: https://brokercheck.finra.org/.

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SOURCE Capital Square Housing Trust