{"id":1004085723,"date":"2013-10-23T12:09:33","date_gmt":"2013-10-23T20:09:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004085723"},"modified":"2022-12-08T13:42:13","modified_gmt":"2022-12-08T21:42:13","slug":"executive-spotlight-louis-rogers-capital-square-realty-advisors","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/executive-spotlight-louis-rogers-capital-square-realty-advisors\/","title":{"rendered":"Executive Spotlight: Louis Rogers, Capital Square Realty Advisors"},"content":{"rendered":"

\"Louis<\/a>By Leah Etling, Contributing Writer<\/em><\/p>\n

For attorney and investor Louis Rogers, wrapping up $100 million in real estate investment transactions in the past year was not that big a deal. It\u2019s his weekend hobby, competing in equestrian eventing, that really gets his heart rate up.<\/p>\n

\u201cAt the events, I think about how easy it is at work, where I\u2019ve got all the answers in the world and never lose any sleep. In eventing, I\u2019ve got to ride 25 miles per hour over bridges and ditches and all sorts of scary jumps and things and I start to think, \u2018Oh, it\u2019s so hard!\u2019 It makes me want to pull my hair out,\u201d said Rogers, a veteran of the real estate syndication market who spent three years as president of Triple Net Properties, a company he helped launch as outside legal counsel.<\/p>\n

He left that role in 2007 and returned home to Richmond, Va., where his wife, Paula, and two daughters had set up the perfect training facility for equestrian sports of all kinds. Rogers had no idea how to ride a horse, but he was determined to dedicate more time to his family and his own well-being. Within a week, he was working with a show jumping trainer and is aiming to make the next national championships.<\/p>\n

His passion for delivering a detailed, accurate and studied performance bridges both Rogers\u2019 real estate career and his competitions on horseback. Early in his career, he became an expert in 1031 exchanges, helping to establish many of the industry\u2019s best practices.\u00a0 Along with colleagues, he was a founding member of the Tenant-in-Common Association, now known as the Real Estate Investment Securities Association. In 2012, he decided to jump back into the business of holding real estate for qualified investors and founded Capital Square Realty Advisors, which sponsors 1031 exchanges as a Delaware Statutory Trust. The focus of the firm is on high-value properties with quality, long-term commercial tenants, though Rogers and his team quickly expanded their approach to be open to strong-performing investments in the multi-family and retail sectors, as well.<\/p>\n

Investors are turning to real estate as a place where they can find safe investments with dependable returns, Rogers noted. The immediate support for Capital Square\u2019s services exceeded even his expectations. But with an emphasis on transparency, personal relationships and running a frugal shop, the new firm has found eager partners. The overarching trend of Baby Boomers heading into retirement and looking for secure places to invest, as well as lingering fears over market volatility, has created a strong buy-in for the type of investment product Rogers and his company offer.<\/p>\n

\u201cClients are now seeking preservation of principal:\u00a0 \u2018Don\u2019t lose my money. And while you are at it, I need to make a nice return.\u2019\u00a0 Back in the day, the first question people would ask was: \u2018What\u2019s my return?\u2019 Now it\u2019s: \u2018How protected is my investment?\u2019 \u201d<\/p>\n

CPE: What\u2019s the focus of Capital Square Realty Advisors?<\/b><\/p>\n

Rogers:<\/strong> Capital Square was formed late in 2012 to serve as a sponsor of 1031 exchange replacement properties using the Delaware Statutory Trust vehicle to permit high-net-worth investors to acquire an interest in property qualifying for exchange treatment under Section 1031 (of the Internal Revenue Service Code).<\/p>\n

The management team at Capital Square \u00a0(which also includes Yogi Singh\u2014Acquisitions, Pushkall Basaravaj\u2014Financing, Stewart Garland\u2014Property Management, Julia Bard\u2014Office Manager\/Paralegal, and Kim Watts\u2014Investor Services), consulting with a number of leading broker-dealers who sell DSTs, concluded that Capital Square would focus on providing institutional-quality DST investments, with emphasis on (i) single credit-tenanted, mission-critical properties leased on a long-term triple-net basis to investment-grade tenants, (ii) quality multi-family properties and (iii) certain retail properties.\u00a0 Capital Square is on its fifth DST offering this year and anticipates approximately $100 million of acquisitions in its first year.\u00a0 Capital Square emphasizes quality properties with a lower fee structure for investors.<\/p>\n

We concluded that a new company would better serve the broker-dealers who sell DST interests to high-net-worth investors. Many of the older sponsors have legacy issues from non-performing properties and debt issues that may impact their future performance.<\/p>\n

CPE: Tell us about your experience at Triple Net Properties.<\/b><\/p>\n

Rogers:<\/strong> Triple Net Properties of Orange County, Calif., was my first major sponsor client, formed in 1998 as a Virginia LLC, and most of their offerings used LLCs as the title holding vehicle for real estate syndications.\u00a0 Triple Net was on the cutting edge in structuring undivided real estate ownership (tenants-in-common or TICs) for high-net-worth investors seeking tax deferral under Section 1031. As Triple Net counsel, I helped to craft the key tax and real estate documents that became standards in the TIC industry and were essentially adopted by the IRS in Revenue Procedure 2002-22, which validated the structure created for Triple Net\u2019s TIC syndications. Numerous REITs and scores of real estate funds followed for dozens of real estate sponsors before I became president of Triple Net in 2004. All told, I formed thousands of LLCs, structured several billions of dollars of 1031 exchanges, assisted with the acquisition of over $5 billion of real estate and helped grow what became the largest sponsor of private real estate programs. In 2007, I returned to my Virginia home and concentrated on lending, investment banking for real estate and providing specialized legal services.<\/p>\n

CPE: How do you strive to differentiate your current business?<\/b><\/p>\n

Rogers:<\/strong> Capital Square management is hands-on in all aspects of the business.\u00a0 We work closely together in the home office and are all on the same page.\u00a0 The managers own Capital Square debt-free, without distraction from outside investors or lenders.<\/p>\n

CPE: What\u2019s one challenge that you\u2019ve overcome on your path to success?\u00a0<\/b><\/p>\n

Rogers:<\/strong> Balance. I have learned to carve out time each day for recreational and family activities.<\/p>\n

CPE: Describe yourself in five words.<\/b><\/p>\n

Rogers:<\/strong> Driven, focused, aggressive, fun-loving and forgiving.<\/p>\n

CPE: Looking back, what\u2019s one piece of advice that you would have given yourself in the beginning of your career?<\/b><\/p>\n

Rogers:<\/strong> Don\u2019t worry so much; with hard work and application of practical intelligence, it will all work out.<\/p>\n

CPE: Name one of your greatest inspirations in life.\u00a0<\/b><\/p>\n

Rogers:<\/strong> My dad, Al Rogers, DVM, the son of poor immigrants who worked his way through veterinary school to provide loving care for large and small animals in Smithfield, Va.\u00a0Dad worked diligently to improve race relations in southern Virginia and to make his town, state and nation a better place for all people, regardless of race, creed, color or size of bank account.<\/p>\n

CPE: What\u2019s next for you and your company?<\/b><\/p>\n

Rogers:<\/strong> Becoming the second-largest DST sponsor in the nation in our first full year of operations. Capital Square aims to lead the DST industry with best practices. \u00a0\u00a0\u00a0<\/b><\/p>\n

CPE: When you\u2019re not traveling for business, what\u2019s your ideal destination or your favorite way to pass your time? \u00a0<\/b><\/p>\n

Rogers:<\/strong> Eventing\u2014an equestrian sport derived from the cavalry, where you perform controlled riding called \u201cdressage,\u201d participate in precise stadium jumping and run at breakneck speed through hill and dale in cross-country jumping.\u00a0 I am being trained by four-star rider Laine Ashker.\u00a0 We participate in eventing competitions across the country; just this month, Millbrook Horse Trials in Upstate New York and Richland Park Horse Trials in Western Michigan. After a busy calendar of events in the Carolinas and Maryland during the fall, the horses ship to Ocala, Fla., for the winter because the ground freezes in Virginia. Numerous events are held during the winter within a short drive of Ocala. Early in the spring, around the time of the Rolex Kentucky Three-Day Event in Lexington, Ky., the horses ship back home to Richmond, Va., for the spring through fall season.<\/p>\n

I am fortunate to live on a working horse farm with Paula, my spouse of over 30 years, and to keep our horses at home.\u00a0I\u00a0have a 100-yard commute to the barn, making an easy transition from work to the barn for training. Keep your fingers crossed for me as I seek to \u201cmove up\u201d on a fabulous new horse, Tipperary Liadhnam, or \u201cPaddy,\u201d a gorgeous, talented and opinionated Irish Sport Horse who we found in London last year after the Olympics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Louis Rogers, who helped found Triple Net Properties, now balances new firm Capital Square Realty Advisors and a love for competitive horseback riding.<\/p>\n","protected":false},"author":413,"featured_media":1004085726,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,22251,21783,21742,21747,21744,21749],"tags":[],"class_list":["post-1004085723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-in-focus","category-investment","category-latest","category-office","category-people","category-retail"],"acf":[],"yoast_head":"\nExecutive Spotlight: Louis Rogers, Capital Square Realty Advisors - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/executive-spotlight-louis-rogers-capital-square-realty-advisors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Executive Spotlight: Louis Rogers, Capital Square Realty Advisors\" \/>\n<meta property=\"og:description\" content=\"Louis Rogers, who helped found Triple Net Properties, now balances new firm Capital Square Realty Advisors and a love for competitive horseback riding.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/executive-spotlight-louis-rogers-capital-square-realty-advisors\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-23T20:09:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:42:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/10\/Louis-Rogers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"470\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-spotlight-louis-rogers-capital-square-realty-advisors\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/executive-spotlight-louis-rogers-capital-square-realty-advisors\/\",\"name\":\"Executive Spotlight: Louis Rogers, Capital Square Realty Advisors - 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