Capital Square Realty Advisors announced that its CSRA Opportunity Zone Fund I, a project-specific opportunity zone fund, has been fully subscribed by investors.
The private-placement offering raised $7 million to help develop Scott's Collection I, a mixed-use multifamily property in the Scott's Addition designated opportunity zone in Richmond, Va.
"Capital Square is gratified by the strong interest from investors in the Richmond area and nationwide," said Louis Rogers, founder and CEO of Capital Square. "Scott's Addition is truly a national story — an industrial area that is being transformed into a highly desirable live, work and play neighborhood."
Located at 3000–3008 West Clay St., Scott's Collection I is a single-structure, ground-up development that will include a five-story, class A multifamily community with 80
