August 29, 2022
Capital Square, a sponsor of tax-advantaged real estate investments, reported that their first development project, an 80-unit Class A multifamily property in Richmond, Virginia dubbed “INK,” has secured long-term financing from USAA Life Insurance Company after achieving property stabilization.
As a result, investors in Capital Square’s project-specific opportunity zone fund, CSRA Opportunity Zone Fund I LLC, will receive a special distribution that represents a 53 percent return of equity.
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- On August 29, 2022