Capital Square Housing Trust, a REIT sponsored by Capital Square, has announced the offering of up to 4 million shares of its Series 2 Class A and Class I Redeemable and Convertible Preferred Stock at $10 per share. The offering is limited to accredited investors.
Capital Square Housing Trust seeks to raise $40 million, subject to an increase up to $45 million, to fund acquisitions, UPREIT transactions, preferred stock redemptions, and other real estate–related investments and working capital, in addition to general corporate purposes.
“The Series 1 preferred stock offering was such a success that Capital Square Housing Trust has launched Series 2,” said Louis Rogers, founder and co-CEO of Capital Square. “The offering includes both Class A shares for sales by broker-dealers and Class I shares for sales by registered investment advisers.”
Investors in Class A who purchase from a broker-dealer are projected to receive a 9 percent annual dividend, paid m
