Capital Square, LIV Development Complete 348-Unit Livano Knoxville Multifamily Community in Tennessee Opportunity Zone

KNOXVILLE, Tenn. — Capital Square and LIV Development have completed Livano Knoxville, a 348-unit, Class A multifamily community located in a qualified opportunity zone in Knoxville, Tennessee, the firms announced June 10, 2026. The real estate development marks a milestone in Capital Square's growing multifamily platform.

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

Project Details and Amenities

Located at 465 W. Blount Avenue along the Tennessee River and directly across from the University of Tennessee's Neyland Stadium, Livano Knoxville offers studio, one-, two-, and three-bedroom apartment homes averaging approximately 930 square feet. The community spans two buildings and 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. Community amenities include a resort-style pool, a two-story fitness center, coworking space, a game day sky lounge with river and stadium views, and direct access to the Tennessee Riverwalk.

"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."

Opportunity Zone Financing and Economic Impact

The development was funded in part by CSRA Opportunity Zone Fund VIII, LLC, Capital Square's eighth qualified opportunity zone fund.

"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."

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

Capital Square's Multifamily Platform

Capital Square describes itself as 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, and a real estate investment trust. The firm is also an active developer and manager of multifamily communities through its property management division, Capital Square Living, which oversees more than 13,000 apartments across multiple states.

Since its founding in 2012, Capital Square has completed more than $8.9 billion in transaction volume and has acquired more than 175 real estate assets on behalf of more than 6,500 investors. The firm's mixed-use development projects total more than 2,700 housing units with a combined development value exceeding $1 billion. Capital Square has been recognized by Inc. 5000 as one of the fastest-growing private companies in the nation for nine consecutive years.

Livano Knoxville adds to Capital Square's multifamily development pipeline. The project includes 35 workforce housing units reserved at 80% of area median income; Capital Square did not specify whether those units are supported by local incentives or subsidies.

Additional information about Capital Square is available at CapitalSq.com.

Sources

Capital Square — Capital Square and LIV Development Complete 348-Unit Livano Knoxville Multifamily Community in Tennessee Opportunity Zone (June 10, 2026)