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Capital Square Launches OZ Fund in Richmond
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.”
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- ◦Development
