Capital Square
Capital Square has evolved from a pure 1031/DST sponsor into one of the more vertically integrated platforms in the securitized exchange market, with over $6 billion in AUM and more than $7.5 billion in transaction…
Baker 1031 Investments is an independent broker-dealer representative and is not affiliated with, endorsed by, or sponsored by Capital Square. This page is Baker 1031’s own research profile of the sponsor. Capital Square and its logo are trademarks of their respective owner, used here for identification only.
Capital Square Overview
Capital Square has evolved from a pure 1031/DST sponsor into one of the more vertically integrated platforms in the securitized exchange market, with over $6 billion in AUM and more than $7.5 billion in transaction volume since its 2012 founding by Louis Rogers. Beyond sponsoring DSTs across 175-plus assets for some 6,500 investors, the firm develops its own multifamily product, manages roughly 13,000 apartments through Capital Square Living, and diversifies into Qualified Opportunity Zone funds and a REIT. That control of the full lifecycle—and full-cycle results such as a cited 159% return of equity on a completed DST—make it a benchmark name for diligence-minded exchangers.
Capital Square Strategies & Advantages
- Evolved from a pure DST sponsor into a vertically integrated developer, $7.5B+ transaction volume since 2012 across 175+ assets and 6,500+ investors.
- Develops its own multifamily product (2,000+ units, ~$800M dev value) rather than buying solely at market.
- Operates Capital Square Living, managing 13,000+ apartments in-house.
- Diversifies beyond DSTs into QOZ funds and a REIT.
- Has produced standout full-cycle results, including a cited 159% return of equity on a completed DST.
Capital Square Track Record
Capital Square has 19 full-cycle programs in the Baker 1031 dataset, averaging 15.20% annual return, a 1.83x average equity multiple, and a 4.8-year average hold.
| Investment | Location | Asset Class | Hold | Equity Multiple | Annual Return |
|---|---|---|---|---|---|
| CS1031 Bedford Parke Apartments, DST | Warner Robins, GA | Multifamily | 5.3 | 2.00x | 15.82% |
| CS1031 Bellemeade Apartments, DST | Leesburg, VA | Multifamily | 5.6 | 1.37x | 6.61% |
| CS1031 Canopy Apartments, DST | San Antonio, TX | Multifamily | 5.5 | 1.78x | 12.41% |
| CS1031 Crossroads Apartments, DST | Phoenix, AZ | Multifamily | 2.3 | 1.45x | 18.35% |
| CS1031 Fairway View Apartments, DST | Atlanta, GA (suburb) | Multifamily | 4.1 | 1.92x | 19.25% |
| CS1031 Hickory Creek Apartments, DST | Richmond, VA (suburb) | Multifamily | 3.5 | 1.63x | 16.45% |
| CS1031 High Ridge Apartments, DST | Athens, GA | Multifamily | 6.5 | 2.26x | 15.54% |
| CS1031 Ivy Commons Apartments, DST | Marietta, GA | Multifamily | 4.2 | 2.02x | 20.22% |
| CS1031 Kay Alexander Pointe Apartments, DST | Jacksonville, FL | Multifamily | 4.5 | 2.61x | 25.84% |
| CS1031 Kay Maple Springs Apartments, DST | Richmond, VA | Multifamily | 4.4 | 1.67x | 13.94% |
| CS1031 Olde Towne Lofts Apartments, DST | Petersburg, VA | Multifamily | 6.5 | 1.53x | 7.82% |
| CS1031 Richmond VA Apartments, DST | Chesterfield County, VA | Multifamily | 5.2 | 1.56x | 10.05% |
| CS1031 Saltmeadow Bay Apartments, DST | Virginia Beach, VA | Multifamily | 3.6 | 1.82x | 20.07% |
| CS1031 Woodshire Apartments, DST | Virginia Beach, VA | Multifamily | 4 | 1.60x | 13.94% |
| CSRA Ashford Club Apartments, DST | Tallahassee, FL | Multifamily | 6 | 1.70x | 10.86% |
| CSRA Bridgeview Apartments, DST | Tampa, FL | Multifamily | 4.8 | 1.72x | 13.49% |
| CSRA Candleglow Apartments, DST | Tampa, FL | Multifamily | 5.3 | 2.53x | 21.31% |
| CSRA Galeria Del Rio, DST | Tucson, AZ | Multifamily | 5.3 | 2.22x | 18.12% |
| CSRA Perry Place Apartments, DST | Richmond, VA | Multifamily | 4.8 | 1.44x | 8.70% |
Figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. “Preferred” is Baker’s internal designation, not a rating or endorsement.
Current Capital Square Offerings
Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →
Gerald F. “Jerry” Baker, III — Founder & Managing Principal, Baker 1031 Investments · FINRA Series 22 / 63 · SIE. Read full bio →
Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.