Defer Your Capital Gains Tax. Invest in Paradise Valley.
380 new Class A apartments minutes from Scottsdale, steps from Whole Foods, Costco, and Life Time. A 10-year Opportunity Zone investment.
Capital gains must be reinvested within 180 days of gain recognition.
2.2x-2.6x
Target Net Multiple1
$50k
Minimum Investment
10 Years
Hold Period2
Top 2%
QOZ Manager3
1) The target net IRR and target net multiple assume a redemption of investor interest after the 10-year hold period. The investment’s target returns are presented as a benchmark for evaluating future performance, to assist in assessing the investment’s anticipated risk and reward characteristics, and to facilitate comparisons with other investments. Any target data or forecasts contained herein are based on subjective estimates and assumptions about circumstances and events that may not yet, and may never, occur. Targeted returns are pre-tax but net of anticipated fees and expenses. There is no guarantee that the investment will achieve comparable results or meet its target returns. 2) The 10-year hold period is the estimated period prior to a sale of the property and is based on the reasonable expectation of the investment manager; there can be no assurance that the hold period will not be longer. Please see the Confidential Origin Paradise Park OZ Fund, LLC Private Placement Memorandum for details.
3) Based on total equity raised. According to Novogradac & Company LLP and Novogradac Consulting LLP. As of 6/30/25.
OVERVIEW
The Deal at a Glance
Modera Paradise Valley is to be a 380-unit, Class A multifamily wrap development on the border of the Paradise Valley submarket in northern Phoenix, Arizona. Origin expects to deliver the project at a strong basis with conservative rent positioning and for the site to qualify for QOZ tax benefits. Together, these factors create a foundation for meaningful upside potential for investors.
| Market | Phoenix, AZ |
| Property Type | Multifamily Wrap |
| Property Class | Class A |
| Equity Required | $52.7M |
Groundwork laid Before Your Capital Goes In
Trophy Location
The property sits within the Paradise Valley Mall redevelopment, alongside premium tenants including Life Time, Whole Foods, and Fender’s headquarters, among others.
Opportunity Zone
The site falls within a Qualified Opportunity Zone, giving investors access to potential significant QOZ tax benefits.
Return on Cost
Origin expects to deliver at approximately $400K per unit, well below recent comparable trades at approximately $483k per unit.
Zero Entitlement Risk
The parcel is zoned by-right for 380 multifamily units, and the site plan is approved.
Conservative Rent Positioning
Rents are underwritten conservatively at $2,693 (blended), in line with Ave Paradise Valley and below comparable properties in the area.
Experienced Partner
Mill Creek Residential brings 30+ years of experience and is already building the first phase next door, so its lessons can inform this project.
LOCATION
One of Phoenix’s Most Established, Affluent Neighborhoods
Paradise Valley sits in northeast Phoenix, bordering Scottsdale. It is a mature, high-income area, and the site is part of the 100-acre Paradise Valley Mall redevelopment.
500K SF
Walkable Retail
20K+
Jobs Added to Phoenix Metro Area Over the Last Year6
$247,159
Median Household Income7
6) Source: Cushman & Wakefield Marketbeat Phoenix Multifamily Q2 2026 Report 7) Source: United States Census Bureau.
Retail
The site sits inside a master-planned district of retail, dining, grocery, office, hospitality, and residential. Nearby anchors include Whole Foods, Costco, and Life Time.
Access
The site is near the intersection of Cactus Rd and Tatum Blvd. Loop 101 and Route 51 connect it to the greater Phoenix region.
Employment
Employment is concentrated in healthcare, financial services, Desert Ridge, and North Scottsdale. Major employers include American Express, HonorHealth, and Mayo Clinic.
Household Income
Median household income in the area is $247,159, compared with [Phoenix MSA median].
PROPERTY FEATURES
Designed to Attract and Keep Residents
Modera Paradise Valley is designed to attract and retain residents with a full amenity package, including a clubhouse, coworking space, fitness center, pool, and wellness amenities. Our development partner and general contractor, Mill Creek Residential, is a national, vertically integrated multifamily developer. Origin previously partnered with Mill Creek at Modera Higley Commons in Gilbert, AZ.
Backed by a Top 2% QOZ Sponsor
Experienced QOZ Sponsor
Origin has raised over $642M in QOZ capital, which funds multifamily development in Opportunity Zones across U.S. markets.9
Disciplined Underwriting
Our deal selection is deliberately selective. In 2025, the acquisitions team reviewed roughly 2,000 deals and closed on 11, meaning 99.45% did not meet the standard we hold for deals offered to investors.
Alignment
Our Co-CEOs have personally invested more than $94 million alongside investors since Origin’s founding in 2007, reflecting their conviction that shared capital risk is core to investor-focused outcomes.10
9) As of 10/19/2026. 10) This is an aggregate amount that has been invested and reinvested in Origin funds since the inception of the company in 2007.
Same $1M Gain, $611K More After Tax11
Through the QOZ program, investors can defer and reduce capital gains taxes. This allows investors to keep more money invested may lead to a greater after-tax return.
| Non-QOZ Investment | QOZ Investment | |
|---|---|---|
| Capital Gain from Asset Sale | $1,000,000 | $1,000,000 |
| Taxes Paid on Capital Gain (20%)12 | ($200,000) | $0 |
| Net Investment | $800,000 | $1,000,000 |
| Ending Value of Investment after 10-Year Hold | $2,074,994 | $2,593,742 |
| Capital Gains Tax Due on Appreciation | ($254,999) | $0 |
| Rolling 5-Year Deferral (10% Reduction)13 | $0 | ($180,000) |
| After-Tax Value of Investment | $1,819,995 | $2,413,742 |
| Total Taxes Paid | $454,999 | $180,000 |
11) This example is illustrative only and does not reflect the performance of any specific Origin Investments fund. Actual after-tax outcomes will vary based on an investor’s individual tax situation, the timing of the investment, and the fund’s actual returns. Consult a tax advisor before making an investment decision. 12) Assumes a federal long-term capital gains tax rate of 20%; actual rates vary based on an investor’s income level and holding period. 13) Reflects the rolling 5-year deferral and 10% basis step-up available under the Opportunity Zones Transparency, Extension, and Improvement Act (“QOZ 2.0”) for qualifying Opportunity Zone Fund investments made after the applicable effective date. Eligibility and benefit amount depend on investment timing and holding period.
Opportunity Zone FAQs
What is a Qualified Opportunity Zone (QOZ) fund?
A QOZ fund is a private investment vehicle that invests in real estate or businesses located in federally designated Qualified Opportunity Zones. Eligible investors can defer tax on capital gains by reinvesting them into this type of fund or investment. They are also able to exclude the fund’s appreciation from tax if they hold it for at least 10 years. Tax benefits depend on individual circumstances and meeting program requirements.
How long do I have to invest after realizing a capital gain?
Generally, 180 days from the date the gain is realized. Some gains, such as those passed through a partnership, may have a different start date. Please consult your tax advisor on your timeline.
What types of capital gains qualify?
Gains treated as capital gains for federal tax purposes, including those from the sale of stock, real estate, or a business. Only the gain portion needs to be invested, not the full sale proceeds. Eligibility depends on your specific situation, so please confirm with your tax advisor.
Can I redeem my investment before the 10-year hold is up?
Redemption terms are set out in the fund’s Private Placement Memorandum (PPM). Redeeming or selling before 10 years may reduce or eliminate the tax benefit tied to the hold period. This is an illiquid investment, and there is no guarantee that early redemption will be available.
Will QOZ 1.0 or 2.0 rules apply to this investment?
It depends on when you invest:
- Before January 1, 2027: QOZ 1.0 rules apply.
- On or after January 1, 2027: QOZ 2.0 rules apply.
The two sets of rules treat deferral timing differently. Your tax advisor can confirm which rules apply to your situation.
What are the fees?
- Annual Asset Management Fee: 1.25% per annum of NAV
- Acquisition Fee: 0.5% of total development cost
- Manager Performance Fee: 15.0% after a 7.0% preferred return of total capital commitments
- Organization & Offering Fee: 1.0% of total capital commitments
Schedule a call or request the Confidential Origin Paradise Park OZ Fund, LLC PPM for further details.
Learn More
Download investment materials or register for the live webinar to learn more.