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IncomePlus Fund
Tax-efficient passive income and appreciation.
Target Net IRR1
Net Distribution Yield2
Hold Period
Asset Type
Multifamily
Investment Objective
IRA Eligibility
Eligible
Minimum Investment
Fund Highlights
The Origin IncomePlus Fund is a diversified private real estate fund designed to deliver stable, passive income and appreciation, plus minimize the impact of taxes.
Income
The Fund generates a stable stream of monthly distributions generated by contractual rent payments and preferred equity investments.
Appreciation
The Fund offers long-term growth potential which can be compounded further by participating in the Fund’s distribution reinvestment program.
Tax Efficiency
Tax-smart strategies like depreciation help shield distributions, while capital appreciation is deferred during your investment.
Proven Track Record
Our flagship Origin IncomePlus Fund has delivered strong returns compared with top private real estate competitors and the public, multifamily-focused REIT sector (as of June 30, 2025).
Trailing 1-Y
Trailing 3-Y
Trailing 5-Y
Origin IncomePlus Fund
7.8%
5.8%
10.2%
Blackstone Real Estate Income Trust
2.7%
1.9%
10.4%
Hines Global Income Trust
4.8%
1.5%
6.5%
Nuveen Global Cities REIT
3.4%
1.1%
8.3%
Starwood Real Estate Income Trust
-1.5%
-3.8%
5.0%
Bluerock Total Income+ Real Estate Fund
-1.7%
-7.6%
2.2%
JLL Income Property Trust
2.4%
-4.1%
4.2%
KKR Real Estate Select Trust
-0.4%
-4.0%
5.6%
FTSE Nareit U.S. Real Estate Index – All REITs
8.5%
3.2%
6.5%
1) As of 6/30/2025. Returns are for the INV share class. Actual individual investor performance may differ based on share class. Total returns reflected are net of fund fees and assume monthly reinvestment of distributions. Non-traded REITS reflect eight of the industry’s largest non-traded REITs that provide publicly available performance reporting. Origin has not separately verified accuracy of the performance data with each third-party issuer. Returns are not guaranteed. Past performance is no guarantee of future results. All investments involve a degree of risk, including the risk of loss.
Strategic Portfolio Allocation
We tactically manage the Fund’s allocation across multifamily investments with varying risk/return profiles to provide stability without sacrificing returns.
Core-Plus Multifamily
Stabilized multifamily assets that generate cash flow and offer growth potential.
Debt Investments
Preferred equity and mezzanine debt investments in multifamily assets designed to generate income.
Build-to-Core Multifamily
Development of new multifamily assets with enhanced upside potential that transition into stabilized, cash-flowing properties upon completion.
RISE at Nocatee
EastWood Townhomes
Solace at the Ranch
The Dahlia
The Standard on the River
Southerly at Terrell
White Oak
Rye Central Park
Generate More Income
The net distribution yield for the IncomePlus Fund now stands at 6.50%2. That’s 52.2% more than the Ten-Year U.S. Treasury yield and 21.3% more than investment-grade bonds.5
Yield Comparison
Origin IncomePlus Fund
Investment-Grade Bonds
U.S. 10-Year Treasuries
Historical Performance
NAV Per Unit9
Net Distribution Yield as of 06/30/20252
Trailing Net 12-Month Total Return10
| | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | 0.50% | 0.40% | 0.50% | 0.50% | 1.30% | 3.90% | ||||||
| 2024 | 0.80% | 0.50% | -1.30% | 0.60% | 0.60% | 0.50% | 0.90% | 0.70% | 0.60% | 0.50% | 0.50% | 0.50% | 5.60% |
| 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% |
| | JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $11.11 | $11.10 | $11.09 | $11.09 | $11.09 | $11.17 | ||||||
| 2024 | $11.22 | $11.22 | $11.02 | $11.03 | $11.04 | $11.04 | $11.08 | $11.10 | $11.11 | $11.11 | $11.11 | $11.10 |
| 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 |
Investment Projection
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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 06/30/2025 and is calculated as the (June 2025 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 8/12/25, the distribution yield of the U.S. 10-Year Treasury Note was 4.27% and the distribution yield of Moody’s Seasoned AAA Corporate Bonds was 5.36%, 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 06/30/2025 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 06/30/2025 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.