Capital Square Launches CSRA Opportunity Zone Fund VI to Develop Luxury, Multi-Family and Commercial Properties in Raleigh, NC

RICHMOND, Virginia., September 20, 2021 / PRNewswire / – Capital Square, a leading sponsor of tax-efficient real estate investing, today announced the launch of CSRA Opportunity Zone Fund VI, LLC. Project-specific Opportunity Zone Fund is raising capital to develop 320 West South Street, a 297-unit luxury multi-family community with ground-level retail space located within walking distance of downtown Raleigh. CSRA Opportunity Zone Fund VI seeks to raise $ 48,451,000 in equity with qualified investors.

“Capital Square has launched CSRA Opportunity Zone Fund VI, LLC, the Company’s sixth opportunity zone fund, in response to strong demand from financial advisors across the country,” said Louis roger, founder and CEO. “The fund combines the many advantages of tax deferral and exclusion from being in a qualified opportunity area more exceptional economy associated with a 20-story downtown development Raleigh, the capital of the state of North Carolina. Capital Square invests in state capital, such as Raleigh and Richmond, Virginia, where the company’s headquarters are located, as state capitals are government insulated from major economic fluctuations and seldom experience a downturn, even in times of recession. ”

The completed project will include a 20 story luxury multi-family community with approximately 8,384 square feet of retail space on the ground floor, as well as an adjacent self-contained parking structure with 437 spaces.

The development is located in the warehouse district of from Raleigh central business district, at the intersection of Boylan Heights, Dorothée Dix Park and downtown. The community is within walking distance of several from Raleigh Top attractions, as well as galleries, art studios, and food and beverage options.

“320 West South Street sets a new standard in downtown rental housing Raleigh,” noted Adam stifel, executive vice president of development. “The property will have the absolute best views of the city center Raleigh and Dix Park, plus the best amenities and finishes on the market, including a rooftop terrace and club room overlooking the Redhat Amphitheater and downtown skyline, a state-of-the-art gym and the largest swimming pool and terrace of the downtown market. Besides, Raleigh is the second most populous city in North Carolina, the largest city in the Research Triangle metropolitan area, and home to many nationally-ranked colleges and universities that further insulate the economy from economic downturns. ”

Raleigh recently ranked number one on the list of “10 Best Real Estate Markets to Watch for 2021” by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Year-over-year growth in downtown multi-family rents, Yardi Matrix says Raleigh is expected to be 3.1% in 2023 and 3.0% in 2024.

Opportunity Zones have been created to stimulate long-term private investment in low-income urban and rural communities nationwide. Designed under the Tax Cuts and Jobs Act of 2017, Opportunity Zones funds are intended to foster economic growth by providing tax benefits to incent private investment in designated opportunity zones.

About Place de la Capitale
Capital Square is a national real estate company specializing in tax-advantaged real estate investments, including Delaware Statutory Section 1031 Trade Trusts; and Opportunity Zone Funds qualified for tax deferral and exclusion. Since 2012, Capital Square has achieved more than $ 3 billion in volume of transactions. The Capital Square management team has decades of experience in real estate investments. Its founder, Louis roger, has structured hundreds of investment offers totaling more than $ 5 billion. The entities related to Capital Square provide a range of services, including due diligence, acquisition, loan research, property / asset management and divestiture, to a growing number of high net worth investors, private equity, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the country for four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense’s list of fastest growing companies. Additionally, Capital Square has been listed by Virginia Business in its “Best Places to Work.” Virginia“in 2019 and their” Fantastic 50 “reports in 2019 and 2020. To learn more, visit www.CapitalSquare1031.com.

Disclaimer: Securities offered by WealthForge Securities, LLC, member of FINRA / SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are significant risks associated with investing in DST properties and real estate titles, including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, risk of interest rates, the risk of a new offering entering the market and falling rental rates, the general risks of owning / operating commercial and multi-family properties, short-term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, prolonged holding periods and a potential loss of the entire capital of the investment. Past performance is no guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional about the specifics of your particular situation. This is not a solicitation or an offer to view any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying particular attention to the risk section before investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.

Contact:

Lauren Burgos


Marketing communications in the spotlight


949.427.1399


[email protected]

Place de la Capitale

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