Capital Square, a real estate firm specializing in tax-advantaged real estate investments, has topped out a multifamily community development in Richmond, Va.’s Scott’s Addition qualified opportunity zone.
Chasen, the 352 unit development, broke ground in April 2023 and is the fifth opportunity zone that the company has topped out in Scott’s Addition during the past four years. Chasen is funded by equity raised by CSRA Opportunity Zone Fund VII.
”Capital Square would like to thank the many investors and financial advisors across the nation who had the foresight to invest in Capital Square’s fifth opportunity zone fund in Scott’s Addition,” said Louis Rogers, founder and co-CEO of Capital Square, in a press release. “By investing in this manner, investors are able to defer and exclude capital gains from the sale of any asset. The tax benefits incentivize investors to fund new developments that generate meaningful economic activity, new jobs and tax reven
