CLOSING SEP 15
Select Asset Fund
Growth-focused, ground-up multifamily development with co-investment and an optional income period.
1) 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 are net of fees. There can be no assurance that the Fund will achieve comparable results or meet its target returns. Targeted performance assumes a sale of the Fund’s investments 5 years after the Fund’s final closing. 2) The target total return for the optional income period is inclusive of 5%-6% target net annual distributions and 3%-4% target net annual appreciation.
Fund Highlights
A 2026-vintage fund concentrated in two Class A, ground-up multifamily developments built in partnership with institutional-quality developers — Arca II in Las Vegas, NV, and Medina Station in Mesa, AZ. Act before the Fund closes September 15.
Optional Income Period
After the development period, investors can redeem their interests at fair market value or opt to remain in the Fund for income.
Co-Invest Access
Larger investors can co-invest alongside the fund with no fees—significantly enhancing blended returns.
Closing September 15
The Fund closes September 15. Two institutional-quality assets are already underway: Arca II has broken ground, and Medina Station is set to break ground shortly.
Fund Deals
Arca II
Arca II is a 256-unit, five-story Class A wrap development located within the Southwest 215 corridor of Las Vegas, NV. This is Origin’s second project with Edward Homes Development, which serves as both developer and general contractor.
Medina Station
Medina Station is a 353-unit, four-story Class A multifamily development located at the intersection of Signal Butte Road and Southern Avenue in Mesa, AZ, within the master-planned Medina Station mixed-use district.
Optional Income Period
After the initial four-year development period, investors may choose to redeem at fair market value or remain in the fund to continue participating in appreciation, income, and depreciation-driven tax deferral.
5%–6%
Target Net Annual Distributions3
3%–4%
Target Net Annual Appreciation3
8%–10%
Target Net Annualized Total Return3
3) 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.
Investment Tiers
The minimum investment in the Fund is $100K. Investors committing beyond the minimums below will gain access to the Fund’s co-investment vehicle.
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INDIVIDUALS
$100K
Fund Minimum
Minimum required to invest in the Select Asset Fund. No additional commitment needed.
INDIVIDUALS
$500K
Co-Invest Minimum*
Gain co-invest access with no management fee and no performance fee on the co-invest amount.
ADVISORS
$2.5M
Co-Invest Minimum*
(Firm Aggregate)
Gain co-invest access with no management fee and no performance fee on the co-invest amount.
*Investors may commit to invest in the co-investment vehicle an amount up to 100% of their fund commitment. No fees are charged during the development period of the co-investment fund. Applicable fees charged thereafter. See offering materials for details.
Target Returns
Projected growth of a $1M investment with and without co-investment.4
4) These figures are hypothetical performance results. They do not represent actual performance and do not reflect trading in an actual account. Hypothetical results have inherent limits. No representation is made that any investor will achieve profits similar to those shown. Assumptions include estimated property appreciation and target leverage, which may not occur.
Why Multifamily Now?
Affordability
High interest rates and elevated home prices have pushed mortgage costs out of reach for many, while rents remain comparatively stable. This affordability gap drives demand for multifamily housing.5
56%
More Expensive to Own Versus Rent5
Housing Shortage
A sharp slowdown in new construction is constraining future supply. A thinner supply pipeline creates a better backdrop for multifamily occupancy and rent growth.
-55%
Multifamily starts down from 2022 peak6
Strong Demand
Absorption is running 40% over its long-term average. Strong absorption rates reflect strong underlying demand for multifamily housing.7
40%
Higher Absorption is Relative to the Long-Term Average7
5) Source: Newmark, U.S. Capital Markets Report, Q1 2026; Federal Reserve Bank of St. Louis; Freddie Mac; Moody’s Analytics; U.S. Bureau of Economic Analysis 6) Source: Newmark, U.S. Capital Markets Report 7) Source: RealPage Market Analytics as of 6/20/25.
Why Origin?
Zero Losses in Multifamily
Origin’s institutional-quality team has executed billions in real estate transactions across U.S. markets for over two decades and has never lost money on a multifamily deal.
Data-Driven Process
We combine our in-market expertise with Multilytics®, our proprietary machine learning platform, to analyze market dynamics and evaluate opportunities with the objective of generating attractive risk-adjusted returns.
Alignment
Our Co-CEOs have personally invested more than $947 million of their own capital alongside investors since the inception of the firm in 2007, because they believe that alignment is one of the best ways to ensure our investors win.
Read Our Story
Capital Invested by CEOs Since Inception7
Video Transcript
MICHAEL Alignment starts. It really starts with the why? Why are you doing this? What are you in the business for? Are you in this to make investment returns or are you in this to generate a bunch of fees? And we think about alignment. The best metric for alignment is how much do you invest in your own deals?
DAVID There’s so many variables investors looking at when they decide to make or not make an investment. And a lot of those variables really can be boiled down to is the management team. Do they also believe in what they’re selling? Do they want to invest into it? How much do they want to invest? Is it significant? Are the fees structured in a way that the management team only benefits.
MICHAEL David and I are the largest investors at origin even today, because we believe in every investment that we make and every product that we build, it’s really in the eyes of us that we build products, and then we invest in them.
DAVID And we’ll continue to invest significant personal capital. I get personally all kinds of opportunities to invest and with other managers, public private investments. And I always come back to I think I just want to invest here. And there’s amazing investments and I know all about them. I don’t I don’t have to try to figure out what the hidden catches are. There are none. And so I literally continue to just reinvest here. I did it again last month. Last week.
MICHAEL We are after one thing and that’s investment returns. If we get that, everything else solves itself.
DAVID Another important thing about alignment is we have a homogenous investor group. We’re all tax investors. And so all the funds that we have, they’re not just looking for returns and risk adjusted returns. They’re looking for tax efficiency.
MICHAEL And there’s a famous saying show me the incentive and I’ll show you the outcome. And we truly believe that Origin.
7) This is an aggregate amount that has been invested and reinvested in Origin funds since the inception of the company in 2007.
Get Your Investor Kit
Access due diligence documents and key resources to help evaluate whether this fund is the right fit for your portfolio.
Comprehensive Fund Overview
Private Placement Memorandum
Operating Agreement
