Capital Square Names Chief Development Officer

Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings and real estate development, has appointed a chief development officer.

Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings and real estate development, has promoted Adam Stifel to chief development officer.

Stifel joined Capital Square in 2019 as executive vice president of development and has helped create the company’s development platform. He has launched 10 development projects valued at approximately $584 million, including seven mixed-use multifamily properties funded by Capital Square’s opportunity zone funds.

“It feels like we have gone from zero to 100 miles per hour in less than three years,” said Louis Rogers, founder and chief executive officer of Capital Square. “Adam Stifel has taken Capital Square to the next level. He has injected an unrivaled combination of energy and expertise from a growing team of the firm’s real estate developers. Adam Stifel has truly become Capital Square’s chief development officer in action and now it is reflected in title.”

Stifel also oversees Capital Square’s joint venture development projects, including The Otis, a Class A multifamily community with ground-floor retail space being developed in partnership with Greystar Real Estate Partners. Additionally, Capital Square has partnered with Washington, D.C.-based May Riegler Properties in the development of Steamboat Basecamp, a 119-unit mixed-use multifamily property in Steamboat Springs, Colorado.

Prior to joining Capital Square, Stifel founded CAS Riegler Companies (now May Riegler Companies) and Hook Properties, both full-service real estate development and asset management companies.

Since 2009, he has managed more than $500 in multifamily development and the acquisition of retail, commercial, and office properties. He has experience in developing Class A and B, market-rate apartments and condominium projects, as well as the creation and syndication of low-income housing tax credits and historic tax credits.

In related news, Capital Square recently promoted James Brunger to chief sales officer.

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. Since 2012, Capital Square has completed more than $4.9 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.

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