Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has promoted 30-year commercial real estate industry veteran, Mike Waddell, to president.
“Mike has been an instrumental member of our team since our firm’s inception, and his promotion to president reflects his substantial contribution to the success of Capital Square 1031 as well as his commitment to the future of the company,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “He has helped our firm take three DST offerings full cycle in just five years, which provided exceptional returns to investors, and is leading the sales efforts on a number of additional DST properties this year.”
As president, Waddell will continue to oversee asset management, the sales of DST properties to take mature offerings full cycle and assist with the property acquisitions program. In addition, he will focus on driving the company’s future growth. Waddell’s three decades of experience includes time working with national, institutional and private real estate companies, where he served in key leadership positions.
Throughout his career, Waddell has held portfolio management, asset management, and development roles including executive vice president of asset management at Grubb & Ellis Realty Investors, president of CCA Properties LLC, and executive director and head of East Coast, Latin America and Canada corporate real estate activities for The Walt Disney Company.
Waddell also served as vice president of asset management and senior project manager for The Rowe Companies and asset manager for Wachovia Bank’s Real Estate Investment Advisory Group. He earned a bachelor’s and master’s degree from Virginia Polytechnic Institute and State University.
Capital Square 1031 sponsors real estate exchange programs that qualify for tax deferral under Section 1031 of the Internal Revenue Code. The firm provides a range of services, including due diligence, acquisition, loan sourcing, property management/asset management, and disposition, for high net worth investors, private equity firms, family offices and institutional investors. Since inception, the firm has sponsored 56 DST programs and completed approximately $1.03 billion in transaction volume.