In 2021, the private real estate market will start to recover from the pandemic, but it’s going to be a bumpy recovery, with geography and affordability as the biggest drivers. Read more about the trends we expect to see this year.
At the end of each year, we look back at the trends we thought would dominate the private commercial real estate industry and we assess what we got right and what we missed.
Aaron Maas, Vice President of Multifamily Operations
5 min read
At Origin, we design lifestyles for the residents who call our multifamily buildings home. In this article we discuss some of the strategies our Investment Management team uses to add value for our investors and disrupt the industry.
Join our upcoming webinar for a conversation between Origin Principal David Scherer and The University of Chicago Booth School of Business’ Clinical Professor of Real Estate, Joseph L. Pagliari, Jr.
Origin Principal Michael Episcope and Founder of Bracket Partners, John Hoffman, discuss Opportunity Zone investing, provide their perspective on the future QOZ tax environment, and answer some of the most common QOZ tax-related questions.
Marc Turner, Origin’s Managing Director of Investment Management, joins this month’s call to discuss how the Origin QOZ Fund performed in 2020 and what we can expect for 2021.
Origin Principals, Michael Episcope and David Scherer, discussed the makeup of the current portfolio, shared property-level insights, and provided guidance on the impact to valuations.
PROPERTY HIGHLIGHTS
Ashley Oaks | Origin IncomePlus Fund
This $4.5 million preferred equity position is the latest investment in our IncomePlus Fund. Our investment will help finance the acquisition and rehabilitation of a 462-unit, Class B multifamily property in San Antonio, TX. The asset is currently owned by a subsidiary of SPG, who will provide more than $10.6 million of common equity ahead of our investment, a nearly 16% buffer to the expected cost basis. You can get exposure to this deal through the IncomePlus Fund, which is currently accepting new investors. Email Origin’s investor relations team for more information.
The Rosie | Origin QOZ Fund
Construction continues to progress on our QOZ Fund asset The Rosie (formerly Pilsen Gateway), with no material deviations from the project schedule over the past quarter. The building’s first units are slated for delivery at the end of March, with the full certificate of occupancy coming shortly afterwards. You can watch live construction updates here.
Current activities at the property include the continuation of exterior cladding, roof coping installation, laying pavers on the outdoor amenity deck, and installation of unit finishes. We’re also currently finalizing pricing for the installation of custom closet built-ins to enhance the livability of our two bedroom and premium units. The property’s website is now live and preferred employer partnerships are being finalized with major employers in the nearby medical district.
Please select all that apply. You will not be asked to provide accreditation verification until you invest.
Net Worth: I have individual net worth, or joint net worth with my spouse, that exceeds $1 millon (excluding the value of my primary residence).
Personal Income: I have individual income exceeding $200,000 in each of the past two years and expect to reach the same this year.
Joint Income: l have combined income with my spouse exceeding $300,000 in each of the past two years and expect to reach the same this year.
Business: I invest on behalf of a business or investment company with more than $5 million in assets and/or all the equity owners are accredited.
None: I do not meet any of the above criteria but would still like to peruse Origin's offerings. I understand I cannot invest until I become accredited.
