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.