Capital Square has launched a new qualified opportunity zone fund. CSRA Opportunity Zone Fund II is a project-specific opportunity zone fund that is raising capital to develop Scott's Collection II, a 60-unit, mixed-use multifamily property in the Scott's Addition designated opportunity zone in Richmond, Va.
CSRA Opportunity Zone Fund II seeks to raise $6.35 million in equity from accredited investors. The fund has a minimum investment of 100 investor units or $100,000.
“Fund I and Fund II are developing apartment communities in the Scott's Addition neighborhood of Richmond, Virginia, a short distance from Capital Square's headquarters,” said Louis Rogers, founder and CEO of Capital Square.
Located at 2900–2904 West Clay St., Scott's Collection II is a single-structure, ground-up development that will include: a five-story, class A multifamily community with 60 units; private unit balconies and lobby area; a wood-framed building situated abov
