Capital Square Hires Jay Olander as President and Chief Financial Officer

Capital Square, an investment sponsor specializing in tax-advantaged real estate, has hired industry veteran Jay Olander as president and chief financial officer. He will also serve as chief financial officer and treasurer of Capital Square Apartment REIT, Inc., a private non-traded real estate investment trust sponsored by the company. Olander brings a track record and more than 40 years of real estate experience to Capital Square.

“I am thrilled that Jay Olander, our colleague and friend, has joined the senior leadership at Capital Square,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Jay has unrivaled expertise with REITs and in the multifamily sector. He has started, grown, taken public and sold many multifamily REITs over the years. With his depth of experience, we aim to expedite the path Capital Square is on – to make Capital Square the best real estate company in the nation.”

Prior to joining Capital Square, Olander was an independent director of Capital Square Apartment REIT, Inc. and the managing partner of Cornerstone Realty Advisors, LLC. He was also the founder, chief executive officer and a director of Landmark Apartment Trust, Inc., prior to its acquisition by Starwood Capital Group and Milestone Apartments Real Estate Investment Trust in an all-cash transaction valued at approximately $1.9 billion. Under Olander’s leadership, Landmark aggregated a multifamily portfolio that was ultimately comprised of 24,000 apartment units located throughout the southern states and strategic Texas markets.

Previously, Olander served as chief executive officer of Grubb & Ellis REIT Advisor and as executive vice president of the multifamily division of Grubb & Ellis Company, among various other capacities. Overall, Mr. Olander has been responsible for the acquisition and financing of approximately 75,000 apartment units during his career.

“Since its founding in 2012, Capital Square has established itself as one of the country’s most prominent real estate investment, development and management firms, yet there remains a world of opportunity for this company,” said Olander. “I am honored to join this talented team of professionals and to help lead Capital Square forward to continued growth and greater success on behalf of our many partners and the thousands of individual investors and financial advisers we serve.”

Olander earned a bachelor’s degree in business administration from Radford University, a master’s degree in real estate and urban land development from Virginia Commonwealth University, and he has completed the Harvard Business School Executive Education leadership program.

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 and a real estate investment trust (REIT). In recent years the company has become an active developer of mixed-use multifamily properties in the southeastern U.S., with eight current projects totaling approximately 2,000 apartment units with a total development cost in excess of $590 million. Since 2012, Capital Square has completed more than $7.8 billion in transaction volume. 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.

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