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IncomePlus Fund

Tax-efficient passive income and appreciation.

Target Net Annual Return1

9%–11%

Investment Objective

Income + Growth

Asset Type

Multifamily

Risk-Return Profile

Core Plus / Value-Add

Target Fund Size

$400M

Minimum Investment

$100K

Fund Benefits

This private real estate Fund is for the moderate risk investor seeking both income and appreciation in a single vehicle. The Fund’s strategy is to build, buy and finance multifamily properties in its target markets.

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Income

The Fund seeks to generate a consistent stream of monthly distributions.

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Appreciation

The Fund presents long-term capital appreciation potential which can be compounded further by participating in the Fund’s distribution reinvestment program. 

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Tax-Efficiency

The Fund is structured as a REIT, which means most of the Fund’s distributions may be either ordinary dividends, which are eligible to be reduced by up to 20% for federal tax purposes2, or a return of capital, which is non-taxable3.

Generate More Income

The distribution yield for the IncomePlus Fund now stands at 5.8%.4 That's 33.9% more than the Ten-Year U.S. Treasury yield and 14.4% more than investment-grade bonds.5

Yield Comparison

Origin IncomePlus Fund
%
Investment-Grade Bonds
%
U.S. Ten-Year Treasuries
%

Projected Growth of a $250K Investment in the IncomePlus Fund

IncomePlus Fund - Projected Growth of a $250K Investment

Grow Your Capital

An investment of $250K could potentially grow to $680K after 10 years when you enroll in the distribution reinvestment program6.

Tax-Efficiency

The IncomePlus Fund has a REIT structure which provides unique tax benefits.

  • Return of Capital

    A portion of the Fund’s monthly distributions are expected to be characterized as a return of capital, which is not subject to tax.7

  • 20% REIT Tax Reduction

    Introduced by the Tax Cuts and Jobs Act of 20178, investors may be able to deduct up to 20% of ordinary dividends from their taxable income for federal income tax purposes.

  • Deferral of Capital Appreciation

    Investors benefit from an indefinite deferral of capital appreciation for as long the investment is held.

Tactical Portfolio Allocation

Performance in
All Market Cycles

We strategically manage the Fund’s portfolio allocation, seeking stability across all market cycles.

Fund Performance

$11.30

NAV Per Unit9

5.80%

Net Distribution Yield as of 7/31/234

5.6%

Trailing Net 12-Month Total Return10

Monthly Total Return (Net of Fees)11

 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
20230.90%0.70%0.60%0.50%0.50%-0.70%2.50%
20220.80%1.00%1.40%1.00%0.60%0.80%0.70%0.70%0.50%0.50%0.60%0.50%9.30%
20210.90%0.70%1.00%0.70%1.80%3.10%3.30%2.20%1.80%1.60%0.80%2.10%21.20%
20200.50%0.50%-6.90%0.50%0.50%0.50%1.50%0.60%1.10%0.50%1.90%0.50%1.40%
2019---0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%4.50%

Unit Price9

 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2023$11.40$11.42$11.43$11.43$11.43$11.30
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$9.65$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

Where We Invest

We target cities and submarkets across the southwest and southeast U.S. that we expect to experience outsized rent growth and demand.

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Fund Properties

Pref Equity

Auterra Nocatee

Jacksonville, FL

Pref Equity

277 Clifton

Atlanta, GA

Pref Equity

Solace at the Ranch

Colorado Springs, CO

Pref Equity

Epoch West Melbourne

West Melbourne, FL

Pref Equity

The Bend

Houston, TX

Pref Equity

Southerly at Terrell

Dallas, TX

Pref Equity

White Oak

Houston, TX

Pref Equity

PDG Central Park

Denver, CO

Pref Equity

20 S. Bear Creek

Asheville, NC

Pref Equity

Baymeadows

Jacksonville, FL

Pref Equity

Novo Antioch

Nashville, TN

Equity

Horizon at Sereno

Tampa, FL

Pref Equity

The Northern

Nashville, TN

Pref Equity

Kingston Pointe Apartments

Des Plaines, IL

Pref Equity

Novi at Concord

Charlotte, NC

Pref Equity

The Southerly

St. Augustine, FL

Equity

Morris at Belmont

Charlotte, NC

Pref Equity

Niche Hyde Park

Tampa , FL

Pref Equity

Goodwin Apartments

Austin, TX

Equity

Linden House

Jacksonville, FL

Equity

Rye Charlotte

Nashville, TN

Pref Equity

Lively Drayton Mill

Greenville, SC

Pref Equity

Haven at Mansfield

Dallas, TX

Pref Equity

Ashley Oaks

San Antonio, TX

Equity

Monroe Aberdeen

Chicago, IL

Equity

District at Memorial

Houston, TX

Equity

Madison at Westinghouse

Georgetown, TX

Watch Our Latest Investor Webinar

Receive a behind-the-scenes look at what it’s like to invest in the IncomePlus Fund. Origin Co-CEO Michael Episcope and Managing Director of Investment Management Marc Turner review the current state of the market, provide a stress-test analysis and explain why we believe that the Fund's current portfolio will continue to benefit investors.

Webinar: IncomePlus Fund June Update

Get Started

Get access to due diligence materials and learn more about our:

Fund Strategy

Fund Deals

Fund Terms

1) 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.

 

2) This federal tax law is due to the Tax Cuts and Jobs Act which is set to expire at the end of 2025.

 

3) A return of capital is non-taxable but lowers an investor’s basis in their investment.

 

4) The net distribution yield is as of 7/31/23 and is calculated as the (July 2023 distribution divided by the latest Fund net asset value) divided by the (30 days in the month divided by 365 days in the year.)

 

5) As of 09/15/2023, the distribution yield of the U.S. 10-Year Treasury Note was 4.33% and the distribution yield of Moody’s Seasoned AAA Corporate Bonds was 5.07%, according to YCharts.  

 

6) 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.

 

7) 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.

 

8) The Tax Cuts and Jobs Act is set to expire at the end of 2025.

 

9) Fund net asset value (NAV) per unit shown (July NAV) represents the price at which new investors acquired fund units with a September 1 trade date and was determined in late August using the July month-end financials; NAV per unit is the July NAV divided by the number of units in the Fund as of July 31. Please refer to our valuation policy located here for more information on how we calculate net asset value. Because the September 1 investor trade date price per unit is based on July 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.  

 

10) The trailing 12-month net return is as of 7/31/23 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, all net of fund fees. Refer to our valuation policy for more information.

 

11) The monthly net return is as of 7/31/23 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.