Origin Investments Announces Sept. 15 Close of its Select Asset Fund, Introduces Arca II Multifamily Investment in Las Vegas

The “Vintage Matters” Fund Has Capacity for Less Than $10 Million in Capital Commitments

CHICAGO (September 10, 2026) — Origin Investments, a national multifamily real estate fund manager, is announcing the upcoming close of Origin Select Asset Fund (the “Fund”) and introducing Arca II, a 255-unit multifamily development in Las Vegas. Arca II, which is expected to close at the end of the quarter, is the second asset in the 2026 vintage-focused, short-duration development fund and joins Medina Station, a new 353-unit community in Phoenix that was announced in February.

Origin’s Select Asset Fund has capacity for less than $10 million in capital commitments made by accredited investors by September 15, 2026.

“Vintage and quality matter which is why we deliberately establish a high bar for any investment we make, including our Select Asset Fund,” David Scherer, Co-CEO of Origin Investments, said. “Market dynamics and fundamentals in markets like Las Vegas and Phoenix are getting stronger. Developments breaking ground in 2026 are expected to deliver units in 2028; a time when we believe project absorption will outpace delivery.

Scherer said vintage can have an impact on development costs and investor returns in other areas. For example, with one project already under construction and Arca II set to break ground in approximately 30 days, Origin believes it has meaningfully reduced the lead time and costs typically associated with identifying a development opportunity and progressing through the planning approval process. That can take from six to 18 months and impact returns.

Additionally, an overall slowdown in the construction and development of commercial real estate projects is having a calming effect on construction pricing. It is also positively impacting construction timelines as construction firms and subcontractors are hungry for work.

“This short-duration fund is well-positioned to take advantage of the various market dynamics that are currently in place and that we believe are not likely to last,” he said.

Arca II

Origin expects to break ground within 30 days on Arca II following the closing of a construction loan with Principal and a Guaranteed Maximum Price (GMP) agreement with Edward Homes, a regional real estate development firm based in Las Vegas. According to Jacob Sojka, Vice President of Development at Origin, teaming with a local, Las Vegas-based development and construction partner is intended to allow the partnership to build the new community at a lower cost basis than other projects being developed in the area.;

Arca II will include 20 studio units, 161 one-bedroom units, 54 two-bedroom units, and 20 three-bedroom units. Located at 8030 W. Maule Ave., it is a $77.2 million project.

The new community is being developed on a 5.51-acre parcel along the rapidly expanding Southwest 215 “Curve” corridor on one of the last parcels with freeway visibility. The five-story wrap construction project will provide renters with access to the significant employment, retail and development growth in the Las Vegas market.

The community is being constructed with high-end finishes and amenities, including interior units with stainless steel appliances, quartz countertops, LVT flooring, LED lit mirrors, and tiled backsplashes. Exterior and community amenities will include a large clubhouse, resort-style pool, fitness center, co-working space, and a premier courtyard.

Las Vegas is one of the strongest markets for population growth in the southwest. The Curve area has experienced significant growth in recent years. This development is close to many notable employers, including Morgan Stanley, Deloitte, Ultimate Fighting Championship, Switch, Sotheby’s International, International Game Technology, DraftKings, MGM Resorts International and Intermountain Health.

The location provides easy access to the Las Vegas Strip and more than 13 million square feet of retail within a 20-minute drive. Nearby developments include UnCommons, a substantial mixed-use project featuring 500,000 square feet of Class-A office, entertainment and retail space. The Durango Casino & Resort, a $780 million hotel, casino and convention center, is located directly adjacent to the property. In addition, Intermountain Health announced plans for a new standalone children’s hospital in Las Vegas — the first of its kind in Nevada. The more-than-$1-billion facility is planned to be built on the UNLV Reid Research Campus off Durango and the 215. More specifically, it sits on a roughly 32-acre site in UNLV’s Harry Reid Research and Technology Park which is less than 2 miles from Arca II.

Medina Station

Medina Station, a 353-unit ground-up development project in suburban Phoenix (Mesa), is the first investment for the Fund. The new community broke ground in February and is being developed in partnership with NRP, a national multifamily development firm.

The four-story building with surface parking for 530 autos will feature a mix of studio-, one-, two-, and three-bedroom residences. Located at 325 Signal Butte Road, the community is being developed on a 10.27-acre site at the northwest corner of a larger mixed-use development.

The area adjacent to and surrounding Medina Station is a mixed use development site. The retail segment of the planned mixed-use development will deliver space throughout 2026. Popular national retailers and quick service restaurants include Dicks Sporting Goods, Target, Chipotle, Five Guys, and Einstein Bros Bagels, among others.

Origin Select Asset Fund

Origin Select Asset Fund is a short-duration fund. Highlights of the Fund include: 

• Target returns: The Select Asset Fund targets a 14%-18% net internal rate of return (IRR)¹ and an equity multiple¹ from 1.5x to 1.7x over four years.  

• Closing September 15: The Fund closes September 15. Two institutional-quality assets are already underway: Medina Station has broken ground, and Arca II is set to break ground shortly.  

• Optional income period: Investors have the option to redeem their interests after five years or remain in the fund for income when the developments are delivered.   

• Co-investment opportunity: Larger investors can co-invest alongside the fund with no management or performance fees. The minimum to access the co-invest vehicle is $500K for individuals and $2.5M for financial advisors (aggregate).   

1. Target performance doesn’t represent an actual investment in the Fund and frequently has sharp differences from actual returns. Target 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 5 years after the Fund’s initial closing.