Capital Square Housing Trust Unveils Series 2 Preferred Stock Offering

Capital Square Housing Trust, a real estate investment trust (REIT) sponsored by Capital Square, has announced a new offering of up to four million shares of its Series 2 Class A and Class I Redeemable and Convertible Preferred Stock at $10 per share, exclusively for accredited investors. This move aims to raise $40 million, potentially increasing to $45 million, to support acquisitions, UPREIT transactions, and other real estate investments. Louis Rogers, founder and co-CEO of Capital Square, highlighted the success of the Series 1 offering as the impetus for Series 2. The offering distinguishes between Class A shares for broker-dealer sales, offering a 9.0% annual dividend, and Class I shares for registered investment advisors, offering a 9.75% annual dividend, with significant minimum investment requirements. Post the fourth anniversary, the preferred stock can be converted at a discount, offering a unique opportunity for investors to partake in the REIT's growth. Additionally, the Preferred Distribution Reinvestment Plan (DRIP) allows investors to reinvest dividends into additional shares without fees. Whitson Huffman, co-CEO and CIO, emphasized the offering's benefits, including attractive yields and the chance to support the REIT's strategic growth. Capital Square Housing Trust focuses on acquiring and managing housing solutions in growth markets, aiming for long-term capital appreciation. For more details, visit www.CapitalSquareREIT.com.