Investing with Origin

Another Origin Win: 40% IRR and a 2.6x Multiple


Origin recently sold Arium North Point, an apartment complex located in Atlanta, for $26.75 million, almost double the $14.1 million purchase price. Our investors in Origin Funds I and II achieved a 2.6x gross multiple and an annualized internal rate of return of more than 40% over the roughly 3 ½-year hold period.

When Arium was purchased in December 2012, Origin projected a 16.5% gross IRR and a 1.95x gross multiple over a 5-year hold. We beat our original IRR projection by more than 240%. We beat the multiple by more than 33%. And we executed the business plan 30% faster than we’d projected. At Origin, we have a saying, “Projections are always wrong.” What really defines one investment manager over another is the direction in which it is wrong. As of this article’s writing, 96% of our fund investments have outperformed pro forma. Origin Funds I and II have benefited greatly from our expertise and disciplined risk-management practices.

Here’s how Origin has performed in other recent deals.

 Initial Projections Realized
 IRRMultipleHold Pd. IRRMultipleHold Pd.
Lux24 Apts.18.3%2.1x60 mos. 57.5%3.1x33 mos.
Giordano’s Retail26.2%3.0x60 mos. 56.1%4.5x41 mos.
Food 4 Less Retail17.6%2.0x60 mos. 37.1%2.6x35 mos.
Marquis Crest Apts.26.6%2.2x60 mos. 27.0%2.2x43 mos.
Arbor on Richmond19.7%1.7x36 mos. 26.7%2.2x58 mos.

If you’d like to learn more about our open investment opportunities, visit the “Offerings” page via our site’s top navigation.

This article is intended for informational and educational purposes only and is not intended to provide, and should not be relied on, for investment, tax, legal or accounting advice. The information is provided as of the date indicated and is subject to change without notice. Origin Investments does not have any obligation to update the information contained herein. Certain information presented or relied upon in this article may come from third-party sources. We do not guarantee the accuracy or completeness of the information and may receive incorrect information from third-party providers.