Capital Square Completes 348-Unit OZ Multifamily Community in Knoxville
Capital Square and co-developer LIV Development have completed Livano Knoxville, a 348-unit, Class A multifamily community in a qualified opportunity zone in Knoxville, Tenn., the Richmond, Va.-based sponsor announced.
The community, located at 465 W. Blount Ave. along the Tennessee River and directly across from the University of Tennessee’s Neyland Stadium, received its certificate of occupancy in October 2025 following completion of the first of two buildings. As of June 2026, the property is 74% leased and 57% occupied, the company said.
Development was funded in part through Capital Square’s eighth qualified opportunity zone fund, CSRA Opportunity Zone Fund VIII, LLC, which raised nearly $46.7 million from accredited investors.
“Livano Knoxville reflects our vision for delivering quality housing in high-growth markets while creating meaningful value for residents and investors,” said Louis Rogers, founder and co-chief executive officer of Capital Square. “This milestone underscores both the strength of the Knoxville market and the impact of thoughtful development.”
The community offers studio, one-, two-, and three-bedroom apartment homes averaging approximately 930 square feet. The development includes 35 workforce housing units reserved for residents earning up to 80% of the area median income. Residences feature wood-style flooring, stainless steel appliances, ceramic tile backsplashes, and in-unit washers and dryers. Amenities include a resort-style pool, fitness center, coworking space, and direct access to the Tennessee Riverwalk.
“Knoxville and the surrounding region have experienced strong demand for high-quality multifamily housing, and Capital Square is proud to deliver Livano Knoxville to meet that need,” said Whitson Huffman, co-CEO and chief investment officer of Capital Square. “Opportunity zone investment is intended to drive economic growth. This project satisfies the goal of the opportunity zone legislation by creating long-term economic growth.”
According to an economic impact study by FTI Consulting, construction of Livano Knoxville supported 635 jobs annually and generated an estimated $2.9 million in state and local tax revenue during the construction phase. The development is projected to generate $2.1 million in annual tax revenue through ongoing operations.
Capital Square is a vertically integrated real estate firm specializing in tax-advantaged investment structures, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds, and a real estate investment trust. Since its founding in 2012, the firm has completed more than $8.9 billion in transaction volume and acquired more than 175 real estate assets on behalf of more than 6,500 investors. Its mixed-use development pipeline totals more than 2,000 apartment units with a combined development value of more than $800 million.
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