National investment sponsor Capital Square has announced the launch of CSRA Opportunity Zone Fund III LLC, a project-specific opportunity zone fund focused on a multifamily property in Richmond, VA.
The fund is raising capital to develop Scott’s Collection III, a 72-unit, multifamily property in the Scott’s Addition designated opportunity zone in Richmond. Scott’s Collection III is the third project in a trio of adjacent opportunity zone developments that Capital Square has started this year. The firm has previously launched CSRA Opportunity Zone Fund I, LLC and CSRA Opportunity Zone Fund II to develop Scott’s Collection I and II.
“The launch of Fund III follows the successful fundraising for Funds I and II, also in Scott’s Addition,” said Louis Rogers, CEO at Capital Square. “We are gratified that many local and national investors are excited by the opportunity to invest in Capital Square’s backyard.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.