Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings, has promoted Chris Hirth to vice president of asset management and Jerad Nielsen to senior asset manager.
Hirth is primarily responsible for the company’s portfolio of 33 multifamily properties in the Southeast, and Jerad Nielson is primarily responsible for net-leased medical, office, industrial and retail properties.
“Capital Square employs an asset management structure where a designated asset manager is the ‘quarterback’ of the management team for each property,” said Louis Rogers, founder and chief executive officer of Capital Square. “The asset managers specialize in specific property types to maximize efficiency.
He added, “Chris and Jerad have demonstrated their exceptional expertise through the unprecedented COVID-19 pandemic, and in spite of everything, their portfolios have performed remarkably well.”
During the month of May, Capital Square collected 99 percent of the total rent due throughout its multifamily portfolio.
Hirth previously served as senior asset manager at Capital Square, and before joining the firm, was a senior real estate manager with CBRE | Richmond where he managed a portfolio of more than one million square feet of space consisting of 25 office and flex properties in the Richmond area. He began his career in asset management with PRG Real Estate Management.
Hirth holds a bachelor’s degree from Virginia Tech in Blacksburg, Virginia, and is designated as a certified commercial investment member by the CCIM Institute, as well as a certified property manager by the Institute of Real Estate Management.
Nielsen joined Capital Square in 2018. Prior to joining the firm, he served as senior portfolio manager and team leader at Cushman & Wakefield l Thalhimer, where he worked with institutional and private real estate companies. During his eight-year tenure, Nielsen oversaw a team of portfolio managers and managed a portfolio of more than five million square feet.
Nielsen holds a bachelor’s degree from Virginia Commonwealth University in Richmond, Virginia. He has earned the certified commercial investment member designation by the CCIM Institute, as well as a certified property manager by the Institute of Real Estate Management.
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. To date, Capital Square has completed approximately $2 billion in transaction volume. The firm’s related entities provide due diligence, acquisition, loan sourcing, property/asset management, and disposition, for high net worth investors, private equity firms, family offices and institutional investors.