IncomePlus Fund
Open

IncomePlus Fund

Tax-efficient passive income and appreciation.

Target Net Annual Return1

9%–11%1

Investment Objective

Income + Growth

Asset Type

Multifamily

Risk-Return Profile

Core Plus / Value-Add

Target Fund Size

$400M

Minimum Investment

$100K

Fund Benefits

This private real estate Fund is for the moderate risk investor seeking both income and appreciation in a single vehicle. The Fund’s strategy is to build, buy and finance multifamily properties in its target markets.

Dollar Sign

Income

The Fund seeks to generate a consistent stream of monthly distributions.

Appreciation

The Fund presents long-term capital appreciation potential which can be compounded further by participating in the Fund’s distribution reinvestment program.

Tax-Efficiency

The Fund is structured as a REIT, which means most of the Fund’s distributions may be either ordinary dividends, which are eligible to be reduced by up to 20% for federal tax purposes2, or a return of capital, which is non-taxable3.


Generate More Income

The net distribution yield for the IncomePlus Fund now stands at 6.10%4. That’s 43.9% more than the Ten-Year U.S. Treasury yield and 19.1% more than investment-grade bonds.5

Yield Comparison

Origin IncomePlus Fund

6.10 %

Investment-Grade Bonds

5.12 %

U.S. 10-Year Treasuries

4.24 %

Grow Your Capital

An investment of $250K could potentially grow to $680K after 10 years when you enroll in the distribution reinvestment program6.

Projected Growth of a $250K Investment in the IncomePlus Fund
IncomePlus Fund - Projected Growth of a $250K Investment

Tax-Efficiency

The IncomePlus Fund has a REIT structure which provides unique tax benefits.

Return of Capital

A portion of the Fund’s monthly distributions are expected to be characterized as a return of capital, which is not subject to tax.7

20% REIT Tax Reduction

Introduced by the Tax Cuts and Jobs Act of 20178, investors may be able to deduct up to 20% of ordinary dividends from their taxable income for federal income tax purposes.

Deferral of Capital Appreciation

Investors benefit from an indefinite deferral of capital appreciation for as long the investment is held.


Performance in
All Market Cycles

We strategically manage the Fund’s portfolio allocation, seeking stability across all market cycles.

Tactical Portfolio Allocation

Fund Performance

$11.19

NAV Per Unit9

6.10%

Net Distribution Yield as of 12/31/234

4.50%

Trailing Net 12-Month Total Return10

Monthly Total Return (Net of Fees)11
JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDECYTD
20230.89%0.55%0.66%0.52%0.44%-0.63%0.50%-0.75%0.56%0.61%0.50%0.60%4.50%
20220.86%0.98%1.39%1.03%0.65%0.83%0.72%0.73%0.48%0.46%0.56%0.47%9.51%
20210.86%0.71%0.95%0.78%1.70%3.07%3.29%2.23%1.81%1.58%0.86%2.12%21.86%
20200.50%0.50%-6.90%0.54%0.54%0.54%1.51%0.64%1.07%0.53%1.91%0.52%1.69%
20190.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%4.57%
Unit Price9
JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDEC
2023$11.40$11.41$11.43$11.43$11.43$11.30$11.30$11.16$11.17$11.18$11.18$11.19
2022$11.00$11.06$11.16$11.22$11.24$11.28$11.31$11.34$11.34$11.34$11.35$11.35
2021$9.57$9.59$9.63$9.66$9.77$10.02$10.30$10.48$10.62$10.74$10.78$10.96
2020$10.00$10.00$9.26$9.26$9.26$9.26$9.35$9.36$9.41$9.41$9.54$9.54
2019$10.00$10.00$10.00$10.00$10.00$10.00$10.00$10.00$10.00$10.00

Where We Invest

We target cities and submarkets across the southwest and southeast U.S. that we expect to experience outsized rent growth and demand.

Fund Properties

Auterra Nocatee
Pref Equity

Auterra Nocatee

Jacksonville, FL
277 Clifton
Pref Equity

277 Clifton

Atlanta, GA
Solace at the Ranch
Pref Equity

Solace at the Ranch

Colorado Springs, CO
Epoch West Melbourne
Pref Equity

Epoch West Melbourne

West Melbourne, FL
The Bend
Pref Equity

The Bend

Houston, TX
Southerly at Terrell
Pref Equity

Southerly at Terrell

Dallas, TX
White Oak
Pref Equity

White Oak

Houston, TX
PDG Central Park
Pref Equity

PDG Central Park

Denver, CO
20 S. Bear Creek
Pref Equity

20 S. Bear Creek

Asheville, NC
Baymeadows
Pref Equity

Baymeadows

Jacksonville, FL
Novo Antioch
Pref Equity

Novo Antioch

Nashville, TN
Horizon at Sereno
Equity

Horizon at Sereno

Tampa, FL
The Northern
Pref Equity

The Northern

Nashville, TN
Kingston Pointe Apartments
Pref Equity

Kingston Pointe Apartments

Des Plaines, IL
Novi at Concord
Pref Equity

Novi at Concord

Charlotte, NC
The Southerly
Pref Equity

The Southerly

St. Augustine, FL
Morris at Belmont
Equity

Morris at Belmont

Charlotte, NC
Niche Hyde Park
Pref Equity

Niche Hyde Park

Tampa , FL
Goodwin Apartments
Pref Equity

Goodwin Apartments

Austin, TX
Linden House
Equity

Linden House

Jacksonville, FL
Rye Charlotte
Equity

Rye Charlotte

Nashville, TN
Lively Drayton Mill
Pref Equity

Lively Drayton Mill

Greenville, SC
Haven at Mansfield
Pref Equity

Haven at Mansfield

Dallas, TX
Ashley Oaks
Pref Equity

Ashley Oaks

San Antonio, TX
Monroe Aberdeen Place
Equity

Monroe Aberdeen Place

Chicago, IL
District at Memorial
Equity

District at Memorial

Houston, TX
Madison at Westinghouse
Equity

Madison at Westinghouse

Georgetown, TX

Watch Our Latest Investor Webinar

Receive a behind-the-scenes look at what it’s like to invest in the IncomePlus Fund. Origin Co-CEO Michael Episcope and Managing Director of Investment Management Marc Turner review the current state of the market, provide a stress-test analysis and explain why we believe that the Fund’s current portfolio will continue to benefit investors.

Get Fund Documents

Get access to due diligence materials and learn more about our:

Fund Strategy

Fund Deals 

Fund Terms

  1. Targeted performance doesn’t represent an actual investment and frequently has sharp differences from actual returns. Targeted returns are inclusive of appreciation and reinvestment of distributions and are net of fees. There can be no assurance that the Fund will achieve comparable results or meet its target returns.
  2. This federal tax law is due to the Tax Cuts and Jobs Act which is set to expire at the end of 2025.
  3. A return of capital is non-taxable but lowers an investor’s basis in their investment.
  4. The net distribution yield is as of 12/31/23 and is calculated as the (December 2023 distribution divided by the latest Fund net asset value) divided by the (31 days in the month divided by 365 days in the year).
  5. As of 2/15/2024, the distribution yield of the U.S. 10-Year Treasury Note was 4.24% and the distribution yield of Moody’s Seasoned AAA Corporate Bonds was 5.12%, according to YCharts.
  6. Projected performance doesn’t represent an actual investment and frequently has sharp differences from actual returns. Projected returns are inclusive of appreciation and reinvestment of distributions and are net of fees. An investment in the Fund has the potential for partial or complete loss of funds invested.
  7. The return of capital will lower an investor’s basis in the Fund. When an investor sells their interest in the Fund, any gains will consider the selling price relative to the cost basis. Accordingly, the return of capital is a deferral of some of the investor’s tax liability.
  8. The Tax Cuts and Jobs Act is set to expire at the end of 2025.
  9. Fund net asset value (NAV) per unit shown (December NAV) represents the price at which new investors acquired fund units with a February 1 trade date and was determined in late January using the December month-end financials; NAV per unit is the December NAV divided by the number of units in the Fund as of  December 31. Please refer to our valuation policy located here for more information on how we calculate net asset value. Because the February 1 investor trade date price per unit is based on December financial data, the NAV per unit may not reflect the current net asset value of the fund. The NAV shown is not necessarily the NAV at which new investors would acquire units today.  
  10. The trailing 12-month net return is as of 12/31/23 and is calculated by adding the aggregate dividends paid over the last 12-month period, including amounts reinvested through the Fund’s dividend reinvestment program, and appreciation in net asset value, and excluding fees. Refer to our valuation policy for more information.
  11. The monthly net return is as of 12/31/23 and is calculated by adding the aggregate dividends paid, including amounts reinvested through the Fund’s dividend reinvestment program, and appreciation in net asset value, all net of fund fees. Refer to our valuation policy for more information.