Origin Fund II acquired 17 different value-add office, multifamily and industrial assets in high growth markets across the United States. The Fund is currently outperforming initial projections and tracking at a 19% net IRR. Fund II assets are located in markets that have demonstrated substantial increases in population and job growth and exhibited attractive long-term demographic indicators. These markets include cities such as Austin, Atlanta, Charlotte, Chicago, Dallas, Denver, Houston and Raleigh.
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.