QOZ Fund I
Investment Summary
Our first Origin Qualified Opportunity Zone Fund, Origin QOZ Fund I, closed at $265 million in July of 2021. The Origin QOZ Fund I is a diversified portfolio of transformational ground-up multifamily development projects that provides significant tax advantages to investors who invest with capital gains. The Fund was formed in 2018 as a result of the Opportunity Zone program created by the Tax Cuts and Jobs Act of 2017 and is currently invested in five Opportunity Zone projects located in Charlotte, Chicago, Colorado Springs, Houston and Phoenix. The Fund’s strategy is to invest in projects that can produce viable returns before factoring in the QOZ tax benefits and projects that are in the path of growth in already transforming neighborhoods. After the properties are built, the QOZ Fund will be a portfolio of Class A properties that produces stable cash flow for investors. Origin Co-CEOs David Scherer and Michael Episcope invested $9 million of their own capital in the Fund alongside investors.
Realized Net IRR1
Realized Net Multiple1
2019
Vintage
Fund Structure
Fund Properties
Edgehill Commons
The Rosie
Forth at Navigation
NoDa Trailside
Union @ Roosevelt
The Fiona
The Ensley
The Hendricks
Haven at Washington
District West
Mira Raleigh
- Targeted performance assumes a sale of the Fund’s investments 10 years after the Fund’s close. Targeted performance doesn’t represent an actual investment in the Fund 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.