Performance

Top Decile Fund Manager

According to

$2B

Assets under management²

22.12%

Average Gross IRR³

2.03x

Average Gross Equity Multiple³

Closed Funds

Fund	Net IRR	Net Multiple	Capital Returned to Date	Time Period
Growth Fund I	27.7%	2.25x	225%	Feb 2011 – Jul 2017
Growth Fund II	19.7%⁴	2.13x⁴	206%	Jun 2013 – Jun 2023
Growth Fund III	12.2%⁴	1.55x⁴	126.1%	Mar 2016 – Jun 2023
Growth Fund IV	11%–14%⁵ (Target Return)	1.55x–1.65x⁵ (Target Return)	0%	Jan 2022 – Jun 2023
QOZ Fund I	10%–12%⁶ (Target Return)	2.25x–2.50x⁶ (Target Return)	0%	Jan 2019 – Jun 2023
QOZ Fund II	10%–12%⁶ (Target Return)	2.25x–2.50x⁶ (Target Return)	0%	Jan 2021 – Jun 2023

Realized Deals

Pref Equity

Lively Farmhouse

Fund	IncomePlus Fund
Gross IRR	14.05%
Gross Multiple	1.33x

Pref Equity

Lively at Victor Park

Fund	IncomePlus Fund
Gross IRR	14.02%
Gross Multiple	1.41x

Pref Equity

Maple Street Lofts

Fund	IncomePlus Fund
Gross IRR	23%
Gross Multiple	1.30x

Pref Equity

Star Metals

Fund	IncomePlus Fund
Gross IRR	12%
Gross Multiple	1.37x

Pref Equity

Aspire

Fund	IncomePlus Fund
Gross IRR	19%
Gross Multiple	1.47x

Equity

Haven Bellaire

Fund	Growth Fund III
Gross IRR	42%
Gross Multiple	2.26x

Equity

Connect at First Creek

Fund	Growth Fund III
Gross IRR	42%
Gross Multiple	3.90x

Equity

Cherry Creek Plaza

Fund	Growth Fund III
Gross IRR	14%
Gross Multiple	1.62x

Equity

Rosehill Preserve

Fund	Growth Fund III
Gross IRR	35%
Gross Multiple	1.88x

Equity

The Fletcher Southlands

Fund	Growth Fund III
Gross IRR	30%
Gross Multiple	2.25x

Equity

675 North Highland

Fund	Growth Fund III
Gross IRR	15%
Gross Multiple	1.96x

Equity

The Clayson

Fund	Growth Fund III
Gross IRR	19%
Gross Multiple	2.05x

Equity

One and Two Oak Lawn

Fund	Growth Fund III
Gross IRR	1%
Gross Multiple	1.05x

Equity

Ellsworth Lofts

Fund	Growth Fund III
Gross IRR	15%
Gross Multiple	1.67x

Equity

Keystone 100

Fund	Growth Fund III
Gross IRR	11.9%
Gross Multiple	1.72x

Equity

511 Meeting

Fund	Growth Fund III
Gross IRR	14.38%
Gross Multiple	1.85x

Equity

Trinity Place

Fund	Growth Fund III
Gross IRR	12%
Gross Multiple	1.57x

Equity

Puritan Mill

Fund	Growth Fund III
Gross IRR	22%
Gross Multiple	2.38x

Equity

Stella at the Medical Center

Fund	Growth Fund III
Gross IRR	12%
Gross Multiple	1.84x

Equity

Orlando Industrial

Fund	Growth Fund II
Gross IRR	37%
Gross Multiple	1.93x

Equity

One Nineteen on Main

Fund	Growth Fund II
Gross IRR	25%
Gross Multiple	5.50x

Equity

Centrum at Glenridge

Fund	Growth Fund II
Gross IRR	25%
Gross Multiple	2.80x

Equity

Iroquois Club

Fund	Growth Fund II
Gross IRR	21%
Gross Multiple	2.76x

Equity

The Olmsted

Fund	Growth Fund II
Gross IRR	28%
Gross Multiple	2.47x

Equity

Ellie Apartments

Fund	Growth Fund II
Gross IRR	14%
Gross Multiple	1.90x

Equity

Austin Air Cargo

Fund	Growth Fund II
Gross IRR	37%
Gross Multiple	2.83x

Equity

Lux 24

Fund	Growth Fund II
Gross IRR	58%
Gross Multiple	3.07x

Equity

Cambridge Corporate Center

Fund	Growth Fund II
Gross IRR	19%
Gross Multiple	2.04x

Equity

Office at DTC

Fund	Growth Fund II
Gross IRR	2%
Gross Multiple	1.12x

Equity

2605 Meridian Pkwy

Fund	Growth Fund II
Gross IRR	16%
Gross Multiple	1.65x

Equity

One University Place

Fund	Growth Fund II
Gross IRR	12%
Gross Multiple	1.89x

Equity

Three South Executive Park

Fund	Growth Fund II
Gross IRR	29%
Gross Multiple	2.04x

Equity

Woodlands Business Park

Fund	Growth Fund II
Gross IRR	15%
Gross Multiple	1.48x

Equity

Marquis Crest

Fund	Growth Fund I
Gross IRR	27%
Gross Multiple	2.28x

Equity

Residences at 3295

Fund	Growth Fund I
Gross IRR	26%
Gross Multiple	1.66x

Equity

Legacy Suites

Fund	Growth Fund I
Gross IRR	8%
Gross Multiple	1.14x

Equity

Food 4 Less Center

Fund	Growth Fund I
Gross IRR	33%
Gross Multiple	2.45x

Equity

Arium Edgewater

Fund	Growth Fund I
Gross IRR	26%
Gross Multiple	1.66x

Equity

Kingwood Medical Center

Fund	Growth Fund I
Gross IRR	27%
Gross Multiple	2.51x

Equity

Arium Northpoint

Fund	Growth Fund I
Gross IRR	43%
Gross Multiple	2.61x

Equity

Marquis Trace Apartments

Fund	Growth Fund I
Gross IRR	57%
Gross Multiple	4.40x

Equity

Bay Club

Fund	Growth Fund I
Gross IRR	30%
Gross Multiple	3.04x

Equity

Arbor on Richmond

Fund	Growth Fund I
Gross IRR	28%
Gross Multiple	2.35x

Equity

Giordano's Portfolio

Fund	Growth Fund I
Gross IRR	56%
Gross Multiple	4.60x

Explore our open private real estate investments.

Explore Funds

1) Preqin provides financial data and information on the alternative assets market. As of August 2023, Origin tied for 7th out of 191 Preqin-ranked best-performing private real estate fund managers in the nation and tied for 12th out of 256 Preqin-ranked best-performing private real estate fund managers globally. Our performance was self-reported to Preqin for Origin Funds I, II and III, and then rankings were determined by Preqin using a combination of net IRR and equity multiple. Origin did not pay a fee to be included in the Preqin rankings. Such ranking or award is not necessarily indicative of Origin’s past or future performance. 

2) References to ‘assets under management’ or ‘AUM’ represent the real estate investments managed by Origin Investments as to which Origin is entitled to receive a fee, preferred return, or carried interest. Origin’s calculation of AUM may differ from the calculations of other real estate asset managers and, as a result, Origin’s measurement of its AUM may not be comparable to similar measures presented by other asset managers. AUM as of Q2 2023.

3) Average gross IRR and equity multiple are weighted across 44 common equity and preferred equity realized deals since 2014. As of June 2023. Returns are not guaranteed. Past performance is no guarantee of future results. All investments involve a degree of risk, including the risk of loss.

4) IRR and equity multiple calculated based on a hypothetical liquidation of the Fund as of 6/30/23. Hypothetical performance doesn’t represent an actual investment and frequently has sharp differences from actual returns. Hypothetical returns are inclusive of appreciation and reinvestment of distributions and are net of fees.

5) Targeted performance assumes a sale of the Fund’s investments four years after the Fund’s close. Targets are subject to change based on market conditions. 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.

6) 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 10 years after the Fund’s close.

Performance that speaks for itself

Top Decile Fund Manager

$2B

Assets under management2

22.12%

Average Gross IRR3

2.03x

Average Gross Equity Multiple3

Closed Funds

Realized Deals

Lively Farmhouse

Lively at Victor Park

Maple Street Lofts

Star Metals

Aspire

Haven Bellaire

Connect at First Creek

Cherry Creek Plaza

Rosehill Preserve

The Fletcher Southlands

675 North Highland

The Clayson

One and Two Oak Lawn

Ellsworth Lofts

Keystone 100

511 Meeting

Trinity Place

Puritan Mill

Stella at the Medical Center

Orlando Industrial

One Nineteen on Main

Centrum at Glenridge

Iroquois Club

The Olmsted

Ellie Apartments

Austin Air Cargo

Lux 24

Cambridge Corporate Center

Office at DTC

2605 Meridian Pkwy

One University Place

Three South Executive Park

Woodlands Business Park

Marquis Crest

Residences at 3295

Legacy Suites

Food 4 Less Center

Arium Edgewater

Kingwood Medical Center

Arium Northpoint

Marquis Trace Apartments

Bay Club

Arbor on Richmond

Giordano's Portfolio

Explore our open private real estate investments.

Performance that
speaks for itself

Assets under management²

Average Gross IRR³

Average Gross Equity Multiple³