Capital Square Launches Equity Offering

The private real estate issuer is working with multiple brokers across the U.S. and targets a total raise exceeding $26 million.

September 19, 2025

Capital Square’s Equity Raise Takes Shape

Capital Square Apartment Operating Partnership, L.P. has kicked off a new equity raise, reporting more than $16.6 million in proceeds so far. The offering, filed under Rule 506(b) of Regulation D, aims to raise a total of $26.5 million. As of September 9, 2025—the first day of sales—just over 60% of the goal had been reached.

The issuer, formed in 2020 and headquartered in Glen Allen, Virginia, is affiliated with Capital Square REIT, Inc., which serves as general partner. A team of senior executives—including CEO Louis J. Rogers and President Whitson A. Huffman—are listed in the filing, with roles that span legal, financial, marketing, and operational functions.

This is a straight equity offering, not part of a merger or business combination. The minimum investment accepted is $34,141. The firm reports participation from 59 investors to date. No funds from the raise are earmarked for compensation to directors or executive officers.

Broker Network and Capital Strategy

Capital Square is working with a network of broker-dealers to solicit investors across most U.S. states. Firms like WealthForge Securities, Cary Street Partners, and Realized Financial are among the named participants. Some brokers are registered to operate nationally; others are focused on specific states like Texas, Maryland, or Louisiana.

Sales commissions for the raise currently total nearly $800,000. No finders' fees have been paid.

The issuer has declined to disclose its revenue or asset size, but its real estate strategy is clear: raise capital efficiently and deploy it into income-producing multifamily assets. With this offering, Capital Square continues to use the private placement channel to connect accredited investors with direct equity opportunities in real estate.