RICHMOND, Va., June 24, 2024 /PRNewswire/ — 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 today the launch of CSRA Opportunity Zone Fund IX, LLC. The project-specific opportunity zone fund will raise capital to develop an approximately 320-unit, mixed-use apartment community and luxury hotel in the Scott’s Addition designated opportunity zone in Richmond, Virginia. CSRA Opportunity Zone Fund IX seeks to raise $77 million in equity from accredited investors.
Capital Square is one of the most active developers of opportunity zone-funded multifamily projects in the country, having invested over $230 million in equity in…