Capital Square 1031 names senior vice president of sales
Capital Square 1031 LLC announced Monday that Will Powers has joined the firm as senior vice president of sales, responsible for the Northeast.
Before joining Richmond-based Capital Square, Powers was a regional vice president with PTX Securities, a managing broker-dealer assisting sponsors in the design and engineering of securities programs.
Prior to that, he was a regional vice president of sales with Preferred Apartment Communities, representing the New England territory.
During his career, Powers has worked with several sponsors of non-traded real estate investment trusts, Delaware-statutory trusts and private-placement programs. He also founded a broker-dealer specializing in 1031 transactions. Powers earned a bachelor’s degree from Emmanuel College.
Capital Square specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange and other investors using the Delaware Statutory Trust structure.
As of June 30, the company reports that it oversaw a national portfolio of 50 real estate assets valued at over $485 million, based on investment cost.