Block Stock: Capital Square Expands Leadership to Boost Southeast Real Estate Growth
- Capital Square hires Mick McClendon and Preston Nevins to enhance Southeast and Blue Ridge sales efforts.
- McClendon and Nevins aim to drive growth and improve client relationships in real estate investments.
- This leadership strategy positions Capital Square to meet the rising demand for tax-advantaged real estate investments.
Capital Square Strengthens Leadership to Drive Growth in Southeast Real Estate Investments
In a strategic move to bolster its presence in the Southeast and Blue Ridge regions, Capital Square announces the hiring of Mick McClendon as senior vice president of Southeast sales and Preston Nevins as vice president of Southeast and Blue Ridge sales. McClendon, with over two decades of experience in capital markets, will focus on sales and marketing support for broker-dealers and registered investment advisers across Alabama, Arkansas, Florida, Georgia, Mississippi, and Puerto Rico. His previous roles at Bonaventure Capital and CIM Group have equipped him with the expertise needed to navigate the complexities of Delaware Statutory Trusts (DSTs) and opportunity zones, both critical components of Capital Square's investment strategy.
Nevins brings a wealth of experience in multi-level sales and customer support, having spent more than 20 years in financial services, including his most recent position as vice president at CEDARst Companies. His role will involve enhancing the company's outreach and service capabilities in the Blue Ridge and Southeast regions. Jack Reifsnider's promotion to regional vice president of Blue Ridge sales signifies Capital Square's commitment to integrating experienced leadership while fostering new talent, all aimed at delivering exceptional service to advisors and investors. Jessica Correnti, executive vice president at Capital Square, emphasizes that this hiring strategy is designed to strengthen the company’s foothold in these vital markets, ensuring that they are well-positioned to support the growing demand for tax-advantaged real estate investments.
The recruitment of McClendon and Nevins not only reflects Capital Square's ambition to enhance its market share but also illustrates a broader trend within the real estate sector, where companies are increasingly investing in leadership talent to navigate the competitive landscape. With their combined expertise, McClendon and Nevins are expected to drive sales growth and improve client relationships, allowing Capital Square to capitalize on emerging opportunities in the evolving real estate investment market. This move aligns with the company’s strategic focus on providing innovative solutions to meet the needs of investors and financial advisors alike, reinforcing its position as a leader in tax-advantaged real estate investments.
In related industry news, Lafayette Square has announced a senior secured loan to Prime IV Hydration and Wellness, facilitating the franchise's expansion across the U.S. Prime IV, a leader in IV hydration therapy, currently operates 189 locations and is recognized for its rapid growth and strong brand presence. This partnership underscores the importance of flexible financing options for burgeoning businesses in the wellness sector, reflecting a growing consumer interest in health and wellness services.
Additionally, Boxwood Partners has acted as the exclusive financial advisor to Prime IV in securing this critical funding, highlighting the role of investment banks in supporting the rapid scaling of innovative companies in the health and wellness industry. As businesses like Prime IV continue to thrive, the collaboration between financial advisors and emerging franchises becomes essential for fostering growth in the competitive wellness landscape.
