Capital Square, a leading sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities nationwide, has completed Livano Knoxville, a 348-unit, Class A multifamily community located in a qualified opportunity zone in Knoxville, Tennessee. Capital Square partnered with LIV Development as co-developer.

Livano Knoxville received its certificate of occupancy in October 2025, following the completion of the first of the development’s two buildings, and has since begun leasing to residents. As of June 2026, the community is 74% leased and 57% occupied, tracking lease-up projections.

"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."

Located at 465 W. Blount Avenue, along the Tennessee River and directly across from the University of Tennessee’s Neyland Stadium, Livano Knoxville includes studio, one-, two- and three-bedroom apartment homes averaging approximately 930 square feet. The community includes 35 workforce housing units reserved for residents earning up to 80% of the area median income (AMI). Residences feature wood-style flooring, stainless steel appliances, ceramic tile backsplashes and in-unit washers and dryers. Community amenities include a resort-style pool, two-story fitness center, coworking space, game day sky lounge with river and stadium views, 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-chief executive officer 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.”

Development of Livano Knoxville has been funded in part by Capital Square’s eighth qualified opportunity zone fund, CSRA Opportunity Zone Fund VIII, LLC.

According to an economic impact study by FTI Consulting, construction of Livano Knoxville generated significant economic activity, including 635 jobs annually. The development produced a projected $2.9 million in state and local tax revenue during construction and is projected to generate $2.1 million annually through operations.

Livano Knoxville adds to Capital Square’s growing multifamily development platform. Since its founding in 2012, Capital Square has acquired more than 175 real estate assets on behalf of over 6,500 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code, along with others seeking stable cash flow and capital appreciation. The firm has become a recognized leader in opportunity zone investments and developments.

About Capital Square

Capital Square is a vertically integrated, national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). The company is also an active developer and manager of multifamily communities. Since 2012, Capital Square has completed more than $8.9 billion in transaction volume. Its mixed-use development projects total over 2,700 housing units with a development value in total excess of $1 billion, and Capital Square Living, the firm’s property management division, oversees more than 13,000 apartments across multiple states. Capital Square’s related entities provide a range of services – including due diligence, acquisition, loan sourcing, property/asset management and disposition – for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. The company has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years. Learn more at CapitalSq.com.

Disclosure

Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short-term leases associated with multifamily properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a 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 regarding the specifics of your particular situation. This is not a solicitation or an offer to sell any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Private placements are speculative and illiquid. Diversification does not guarantee profits or protect against losses. FINRA Broker Check link: https://brokercheck.finra.org/.

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"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.