Investment Summary
Origin Fund I acquired 11 different value-add office, multifamily and retail assets in high growth markets across the United States. Origin Fund I achieved a 28% net IRR, outperforming 90% of other funds with a similar vintage. The fund’s assets were located in markets that demonstrated substantial increases in population and job growth and exhibited attractive long-term demographic indicators. These markets included cities such as Atlanta, Chicago, Houston, and Seattle. Additionally, the Fund focused on acquiring smaller transactions between $10-40 million where competition is limited and inefficiencies are abundant. Assets in this price range are often overlooked since they require too much equity for smaller, high net worth and regional players, but sit well below the minimum equity requirements of larger institutional owners. Assets in this price range are often also undermanaged since local, less sophisticated owners may not realize the upside potential and institutional owners often focus more on their larger assets that have a material impact on overall portfolio performance.
Bay Club
Des Moines, WA
Arbor on Richmond
Houston, TX
Marquis Trace Apartments
Roswell, GA
Arium Northpoint
Roswell, GA
Kingwood Medical Center
Kingwood, TX
Arium Edgewater
Webster, TX
Marquis Crest
Lithonia, GA
Legacy Suites
Tallahassee, FL
Residences at 3295
Seattle, WA
Giordano's Portfolio
Chicago, IL
Food 4 Less Center
Melrose Park, IL