CSRA Opportunity Zone Fund IX, LLC is a Capital Square-sponsored Qualified Opportunity Zone Fund developing a mixed-use community in the Scott's Addition neighborhood of Richmond, VA - 220 traditional apartments plus 100 furnished apartment-hotel rooms at 1600 Roseneath Road, with construction completion projected in Q2 2027. The fund raises up to $77,395,000 of equity ($1,000 per Investor Unit) alongside project-level construction financing. Investors receive an 11% preferred return on the first $15M of units sold (7% thereafter), followed by return of capital and an 80/20 split. The QOZ structure offers capital-gains deferral to 12/31/2026 (reduced via the fair-market-value provision while under construction) and tax-free appreciation after a 10-year hold. Accredited investors only (Rule 506(c)); $100,000 minimum.
CSRA Opportunity Zone Fund IX, LLC is a Capital Square-sponsored Qualified Opportunity Zone Fund developing a mixed-use community in the Scott's Addition neighborhood of Richmond, VA - 220 traditional apartments plus 100 furnished apartment-hotel rooms at 1600 Roseneath Road, with construction completion projected in Q2 2027. The fund raises up to $77,395,000 of equity ($1,000 per Investor Unit) alongside project-level construction financing. Investors receive an 11% preferred return on the first $15M of units sold (7% thereafter), followed by return of capital and an 80/20 split.
The QOZ structure offers capital-gains deferral to 12/31/2026 (reduced via the fair-market-value provision while under construction) and tax-free appreciation after a 10-year hold. Accredited investors only (Rule 506(c)); $100,000 minimum.
| Lender | Construction loan (project-level) |
| Total Debt | $-50 (Project-level construction (50-70% target)) |
| In-Place LTV | 50-70% (target) |
Capital Square-sponsored QOZ fund - 220 apartments + 100 apartment-hotel rooms, Scott's Addition, Richmond VA.
$77.4M equity raise ($1,000/unit); project-level construction financing; completion projected Q2 2027.
11% preferred return on first $15M of units (7% thereafter), then return of capital, then 80/20 split.
QOZ tax benefits: deferral to 12/31/2026 (FMV mark-down while under construction) + tax-free gain after 10 years.
Accredited investors only (Rule 506(c)); $100,000 minimum; ~10-year hold.
Institutional sponsor (Capital Square; $670M+ of OZ development underway) with vertically integrated CS Development; strong infill Richmond submarket; 11%/7% preferred return; full QOZ tax benefits plus the FMV deferral mark-down; lookback provision protecting return of capital.
Ground-up development risk (construction cost/schedule, lease-up); no current cash flow during construction; project-level construction-loan leverage; single-asset/single-market concentration; illiquid, long (~10-yr) hold; OZ tax rules may change.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
A ground-up multifamily/hotel OZ development from an established sponsor in one of Richmond's strongest submarkets, structured for the OZ "two bites at the apple" (FMV-reduced deferral now, tax-free appreciation after 10 years) plus an above-market preferred return. Return depends on executing development and stabilization.
The analysis below is Baker 1031's educational opinion — not investment, tax, or legal advice, a recommendation, or a guarantee, and it does not replace the offering's Private Placement Memorandum (PPM), which governs in all respects. Read the PPM and consult your own CPA and attorney before investing.
Capital Square
Capital Square has evolved from a pure 1031/DST sponsor into one of the more vertically integrated platforms in the securitized exchange market, with over $6 billion in AUM and more than $7.5 billion in transaction volume since its 2012 founding by Louis Rogers. Beyond sponsoring DSTs across 175-plus assets for some 6,500 investors, the firm develops its own multifamily product, manages roughly 13,000 apartments through Capital Square Living, and diversifies into Qualified Opportunity Zone funds and a REIT. That control of the full lifecycle—and full-cycle results such as a cited 159% return of equity on a completed DST—make it a benchmark name for diligence-minded exchangers.
Learn More About Capital Square →Documents for this offering. Available to signed-in investors.
Securities offered through Aurora Securities, Inc. (CRD #46147 / SEC #8-51322), member FINRA / SIPC; Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This is not an offer to sell or a solicitation of an offer to buy any security; any offer is made solely by the confidential private placement memorandum (PPM), which qualifies all information herein in its entirety. Delaware Statutory Trust interests are speculative, illiquid securities offered under Rule 506(c) of Regulation D and sold only to investors whose accredited-investor status has been verified; offering documents and subscription materials are provided only after that verification. They involve substantial risk, including possible loss of the entire investment.
Distributions, yields, the cap-rate equivalent, DSCR, occupancy, and benchmark figures are sponsor estimates or projections, are not guaranteed, and may differ materially from actual results. Any tax-adjusted yield assumes a 40% effective rate for non-1031 cash investors and is not tax advice. No tax, legal, or investment advice is provided — consult your own CPA and attorney. Past performance does not guarantee future results.