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What is the Fund structure and how does it work?

Origin IncomePlus Fund is structured as a continuously offered Delaware limited liability company that operates much like a private REIT designed to generate current income from real estate while also pursuing long‐term appreciation and tax efficiency.

The Fund has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes (a “REIT”). In general, a REIT:

• Directly or indirectly combines the capital of many investors to acquire or provide financing for real estate assets;
• Owns investments in real estate and real estate-related assets in a professionally managed portfolio;
• satisfies the various requirements of the Internal Revenue Code of 1986, as amended (the “Code”), including a requirement to distribute to stockholders at least 90% of its REIT taxable income each year; and
• is generally not subject to U.S. federal corporate income taxes on its net taxable income that it currently distributes to its stockholders.

At its core, the Fund is managed by a Board of Directors responsible for day‑to‑day operations. The Board delegates all investment management decisions to OIG‑Investco, LLC—the Investment Manager—which is a wholly‑owned subsidiary of Origin Investments Group, LLC (the sponsor). This setup provides investors with a direct offering, bypassing the traditional broker‑mediated private REIT model, and helps reduce distribution costs.

The Fund offers three classes of Units—Class INV, Class T, and Class F—with minimum investments of $100,000 for Class INV and $50,000 for the other two. These Unit classes differ mainly in fee structures and commission arrangements; for instance, Class T Units, which are marketed through intermediaries, incur an upfront and trailing commission that eventually converts them into Class INV Units once the commission is fully paid.

Investments are made into a diversified portfolio of income‑producing real estate and real-estate-related assets. The primary focus is on acquiring multifamily properties in high‑growth markets, complemented by investments in public and private real estate securities and commercial real estate debt. The Fund employs moderate leverage—targeting about 65% of its gross real estate assets—to enhance income generation while managing risk through proprietary risk pricing models and disciplined underwriting processes.

A unique element of the Fund’s structure is its use of an Operating Partnership (Origin IncomePlus Operating Company, LLC) to hold the underlying assets. This arrangement facilitates a 1031/721 Exchange Program that enables investors to contribute appreciated real estate in exchange for partnership interests—allowing them to defer capital gains taxes under specific IRS provisions. Investors participating in this exchange receive Class INV Units at the partnership level, although these units are not convertible into those offered directly by the Fund.

Capital is raised on an ongoing basis through periodic closings. Investors subscribe by submitting a Subscription Agreement and become Members upon the Board’s acceptance. Their committed capital is called as needed, ensuring that investors only pay fees on funds actually deployed in investments. Although the Fund is designed for long‑term holding (as an evergreen vehicle with no set termination date), it does provide limited liquidity through quarterly tender offers that may repurchase up to 5% of the Fund’s Transaction NAV per quarter, subject to certain restrictions to preserve its REIT status