Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced that Jay Olander has joined the company as president and chief financial officer.
He also serves as chief financial officer and treasurer of Capital Square Apartment REIT, Inc., a real estate investment trust sponsored by the company. An established leader in the real estate industry with expertise in the REIT and multifamily sectors, Olander brings over 40 years of proven expertise to Capital Square.
“I am thrilled that Jay Olander, our colleague and friend, has joined the senior leadership at Capital Square,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “Jay has unrivaled expertise with REITs and in the multifamily sector. He has started, grown, taken public and sold many multifamily REITs over the years. With his depth of experience, we aim to expedite the path Capital Square is on – to make Capital Square the best real estate company in the nation.”
Prior to joining Capital Square, Olander was an independent director of Capital Square Apartment REIT, Inc. and the managing partner of Cornerstone Realty Advisors, LLC. Previously, he was the founder, chief executive officer and a director of Landmark Apartment Trust, Inc., 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. Under Olander’s leadership, Landmark aggregated a multifamily portfolio that was ultimately comprised of 24,000 apartment units located throughout the Southern states and strategic Texas markets.
Previously, Olander served as chief executive officer of Grubb & Ellis REIT Advisor and as executive vice president of the multifamily division of Grubb & Ellis Company. He also served in various other capacities within the former international real estate services firm, including as chief executive officer, president and chairman of the board of directors of Grubb & Ellis Residential Management, Inc. Earlier in his career, Olander served as president and chief financial officer and a director of Cornerstone Realty Income Trust, Inc., a publicly traded apartment REIT listed on the New York Stock Exchange with a market capitalization of $1.5 billion. In 2005, he oversaw the sale of Cornerstone REIT. Olander has been responsible for the acquisition and financing of approximately 75,000 apartment units during his career.
Olander earned a bachelor’s degree in business administration from Radford University, a master’s degree in real estate and urban land development from Virginia Commonwealth University and completed the Harvard Business School Executive Education leadership program. Also, he is president and a board member of the Virginia Museum of Fine Arts Foundation and serves on the board of Greater Richmond SCAN.
