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Capital Square Partners with Esusu to Offer Rent Reporting and Rent Relief Loan Programs

Capital Square, a sponsor of tax-advantaged real estate investments, has partnered with Esusu to expand corporate ESG program.

Capital Square, a sponsor of tax-advantaged real estate investments, has partnered with Esusu, a financial technology company and rent reporting platform that captures rental payment data and reports it to credit bureaus to boost credit scores.

As a result of the partnership, Capital Square residents can improve their credit scores through rent reporting and can apply for 0 percent interest rent relief loans when families encounter financial hardship that impacts their ability to meet contractual rent obligations.

“This is a powerful expansion of Capital Square’s rent reporting and relief program for thousands of multifamily residents and expansion of our commitment to ESG,” said Louis Rogers, founder and chief executive officer. “It is a win-win that benefits residents while improving the stability and occupancy of multifamily communities.”

Capital Square currently manages a multifamily portfolio totaling approximately 12,000 units across 47 properties in nine states. The multifamily portfolio has averaged 96 percent occupancy and 99 percent rent collection during 2022, as of May 30, 2022. Capital Square also is a developer of multifamily communities throughout the Southeast, with eight communities totaling 1,520 apartment units currently under development.

“Adoption of the Esusu platform clearly underscores Capital Square’s partnership with thousands of residents,” said Whitson Huffman, chief strategy and investment officer. “It will strengthen residents’ ability to improve their financial health and long-term wealth accumulation, while strengthening the financial underpinnings of Capital Square’s multifamily portfolio.”

Capital Square is enabling Esusu’s rent reporting platform at no cost to its multifamily residents. Residents will have their rent payment history reported to the three major credit reporting companies, Experian, Equifax and Transunion.

The company noted that Esusu’s service only reports on-time rent payments.

For renters who encounter temporary financial challenges, the platform provides the opportunity to apply for 0 percent interest rent relief loans that help residents meet their rent obligations and avoid eviction.

Capital Square is a 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). Since 2012, Capital Square has completed more than $5.9 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 high-net-worth investors, private equity firms, family offices and institutional investors.

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