Charlotte NoDa DST is Announced as Origin’s Second MF DST Offering of 2025 and Third in 10 Months

Current Offerings Provide $73.5 Million in Alternatives to Exchange Investors

CHICAGO (May 21, 2025)—Origin Investments, a leading multifamily real estate fund manager and investment solutions provider, has completed its third acquisition as part of its Origin Exchange Delaware Statutory Trust (DST) investment program launched in June 2024. Origin is announcing the offering of Charlotte NoDa DST, a 323-unit Class A multifamily community in the heart of downtown Charlotte’s NoDa and Plaza Midwood neighborhoods.  

Charlotte NoDa DST is a $48.5 million offering.  

The minimum investment in the Charlotte NoDa DST is $250,000, and the potential holding period is from two to five years. It is the newest offering for Origin Exchange, which provides an accredited investor the ability to make a tax-free 1031 exchange of an actively managed property investment for an institutional-quality DST asset without high fees.

Origin Exchange currently has a total of $73.5 million of available equity in Charlotte NoDa DST and Queens Wedgewood-Houston DST, an offering in downtown Nashville. Investors can place capital in either or both properties.

“The announcement of three DST Exchange offerings in less than one year underscores Origin’s commitment to providing tax-efficient multifamily real estate solutions to investors,” said David Scherer, co-CEO, Origin Investments. “The demand for this type of investment speaks to investors’ continued appetite for investment alternatives in the multifamily space.”

According to Mountain Dell Consulting, a firm that tracks DST and 1031 offering activity across property types, the multifamily sector had the greatest number of active DST programs (25) and capital raised for the year to date ($841.3 million) of all product types. The next closest sector was industrial at $776.8 million. Capital raising for multifamily DST offerings accounts for more than 35.1% of all DST capital raised.  

Charlotte NoDa DST, which was acquired as Broadstone Optimist Park, is a six-story property at 2010 N. Brevard St. in Charlotte. Constructed in 2023, the multifamily community is strategically located just minutes from Uptown Charlotte’s job hub and nestled between two of the city’s premier entertainment districts—NoDa and Plaza Midwood. The property offers studio, one- and two-bedroom units as well as townhomes. At the time of acquisition, Origin’s newest Charlotte property was 91% leased.

The residences feature spacious balconies and designer finishes. Community amenities include a resort-style pool and courtyard with cabanas, state-of-the-art fitness center and indoor/outdoor clubroom with full kitchen and grill area.

“This latest addition to our Charlotte portfolio is a high-quality, transit-oriented asset,” said Dave Welk, Managing Director of Acquisitions, Origin Investments. “The property is a great complement to our Trailside NoDa project. Together, these Class A assets serve as bookends to Charlotte’s broader Mill District submarket.”

Utilizing Multilytics®, its  proprietary suite of machine-learning models, Origin Investments’ five-year compounded annual growth rate (CAGR) for rents tops 4.0% in the 15 cities where it invests and/or owns and manages multifamily assets. For this submarket within Charlotte, Origin’s Multilytics forecast CAGR is 5.10%, underpinned by strong affordability among the renter demographics along with substantial transit infrastructure and cultural amenities provided to current and future residents.

Earlier this year, as part of its Origin Exchange Delaware Statutory Trust (DST) investment program launched in June 2024, Origin announced the acquisition of Queens Wedgewood-Houston (Queens WeHo), a 221-unit Class A multifamily community in the heart of downtown Nashville’s Wedgewood-Houston neighborhood. Also at that time, Origin that its first Delaware Statutory Trust (DST) acquisition, a 300-unit Class A multifamily community in suburban Dallas, had reached fully subscribed status. The Starling attracted nearly $40 million in investments and more than 40 investors who elected to use a 1031 exchange.

“Our recent investments in and offering of Charlotte NoDa, Queens WeHo and the Starling demonstrate our ability to make timely investments that fulfill the investment objective and needs of our investors,” Scherer said. “Our track record in multifamily investing speaks for itself.”

The acquisition of Broadstone brings Origin’s portfolio of projects in development, construction and lease-up across North Carolina to eight properties totaling 2,182 units. Six of those projects, totaling 1,613 units, are in Charlotte.