Glen Allen, VA-based Capital Square, a sponsor of tax-advantaged real estate investments and an active developer of multifamily communities, has launched Capital Square Living. The wholly owned subsidiary will oversee all management functions of the company’s multifamily portfolio, currently comprised of 55 residential communities and more than 14,000 units across the Southeast and TX.

Capital Square Living is led by president Gus Remppies, an industry veteran with more than 30 years of experience in the multifamily space. Remppies served as president, chief operating officer, chief administrative officer and chief investment officer of Landmark Apartment Trust prior to its acquisition by Starwood Capital Group and Milestone Apartments Real Estate Investment Trust in an all-cash transaction valued at approximately $1.9 billion.

“By internalizing property management, the same management team will be hands-on from acquisition/development until disposition of each property,” said Louis Rogers, founder and co-CEO of Capital Square. “Our vision is now complete – we are multifamily owners who actively develop and operate our properties.”