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.
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.
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.
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.
Benchmarks compare this offering’s projected figures against sector medians computed across current offerings tracked by Baker 1031 Investments as of the last-updated date shown. Benchmark data is internal, unaudited, and subject to change.
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.
Sponsor figures are provided by the sponsor and have not been independently verified except as described in the offering materials. Past performance does not guarantee future results.
Full offering details, projections, and documents for CSRA Opportunity Zone Fund IX, LLC are available to verified accredited investors.
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