IncomePlus Fund
Tax-efficient passive income and appreciation.
Target Net Annual Return1
Net Distribution Yield2
Asset Type
Multifamily
Investment Objective
Risk-Return Profile
Core Plus / Value-Add
Minimum Investment
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.
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 purposes3, or a return of capital, which is non-taxable4.
Generate More Income
The net distribution yield for the IncomePlus Fund now stands at 6.30%2. That’s 66.2% more than the Ten-Year U.S. Treasury yield and 32.4% more than investment-grade bonds.5
Yield Comparison
Origin IncomePlus Fund
Investment-Grade Bonds
U.S. 10-Year Treasuries
Grow Your Capital
See how much your investment could grow in the IncomePlus Fund.
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.
Fund Performance
NAV Per Unit9
Net Distribution Yield as of 6/30/242
Trailing Net 12-Month Total Return10
Monthly Total Return (Net of Fees)11
| | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.80% | 0.50% | -1.30% | 0.60% | 0.60% | 0.50% | 1.80% | ||||||
| 2023 | 0.89% | 0.55% | 0.66% | 0.52% | 0.44% | -0.63% | 0.50% | -0.75% | 0.56% | 0.61% | 0.50% | 0.60% | 4.50% |
| 2022 | 0.86% | 0.98% | 1.39% | 1.03% | 0.65% | 0.83% | 0.72% | 0.73% | 0.48% | 0.46% | 0.56% | 0.47% | 9.51% |
| 2021 | 0.86% | 0.71% | 0.95% | 0.78% | 1.70% | 3.07% | 3.29% | 2.23% | 1.81% | 1.58% | 0.86% | 2.12% | 21.86% |
| 2020 | 0.50% | 0.50% | -6.90% | 0.54% | 0.54% | 0.54% | 1.51% | 0.64% | 1.07% | 0.53% | 1.91% | 0.52% | 1.69% |
| 2019 | – | – | – | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% | 4.57% |
Unit Price9
| | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $11.22 | $11.22 | $11.02 | $11.03 | $11.04 | $11.04 | ||||||
| 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
277 Clifton
Solace at the Ranch
Epoch West Melbourne
The Bend
Southerly at Terrell
White Oak
PDG Central Park
20 S. Bear Creek
Baymeadows
Novo Antioch
Horizon at Sereno
The Northern
Kingston Pointe Apartments
Novi at Concord
The Southerly
Morris at Belmont
Niche Hyde Park
Goodwin Apartments
Linden House
Rye Charlotte
Lively Drayton Mill
Haven at Mansfield
Ashley Oaks
Monroe Aberdeen Place
District at Memorial
Madison at Westinghouse
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Fund Strategy
Fund Deals
Fund Terms
- 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.
- The net distribution yield is as of 6/30/24 and is calculated as the (June 2024 distribution divided by the latest Fund net asset value) divided by the (30 days in the month divided by 365 days in the year).
- This federal tax law is due to the Tax Cuts and Jobs Act which is set to expire at the end of 2025.
- A return of capital is non-taxable but lowers an investor’s basis in their investment.
- As of 8/21/24, the distribution yield of the U.S. 10-Year Treasury Note was 3.79% and the distribution yield of Moody’s Seasoned AAA Corporate Bonds was 4.76%, according to YCharts.
- 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.
- 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.
- The Tax Cuts and Jobs Act is set to expire at the end of 2025.
- Fund net asset value (NAV) per unit shown (June NAV) represents the price at which new investors acquired fund units with an August 1 trade date and was determined in late July using the June month-end financials; NAV per unit is the June NAV divided by the number of units in the Fund as of June 30. Please refer to our valuation policy located here for more information on how we calculate net asset value. Because the August 1 investor trade date price per unit is based on June 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.
- The trailing 12-month net return is as of 6/30/24 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.
- The monthly net return is as of 6/30/24 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.