Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Atlanta & Southeast  + Southeast  + Finance  | 
Capital Square is building Livano Knoxville, an $116-million, 348-unit Class A multifamily near the University of Tennessee in Knoxville, TN.

Capital Square Launches OZ Fund for $116M Community near UT in Knoxville

Glen Allen, VA-based Capital Square has launched CSRA Opportunity Zone Fund VIII, LLC to raise capital for Livano Knoxville, an approximately 348-unit Class A multifamily community located near the University of Tennessee in Knoxville, TN.

The project-specific opportunity zone fund seeks to raise $46.7 million in equity from accredited investors.

Capital Square — sponsor of tax-advantaged real estate investments and developer of multifamily communities — has completed the acquisition of a 5.8-acre lot and secured a $70.4 million construction loan agreement with Truist Bank. Groundbreaking on the $116-million project is scheduled to take place in February.

The property will feature 35 workforce apartment homes available to residents who earn up to 80% of the area’s annual median family income, the remainder of the available units will be market rate apartment homes. The city of Knoxville has agreed to contribute $6.5 million of the project’s total development cost as a result of the inclusion of the workforce housing units.


Inside The Story

Capital Square's Louis Rogers

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action