IncomePlus Fund

Aspire

Westminster,

CO

Total Required Equity
$18,000,000
Asset Type
Multifamily
Investment Objective
Development
Investment Date
February 2019
Realized IRR
19.00%
Realized Multiple
1.47x

Investment Summary

Aspire was a multifamily commercial real estate development in Westminster, CO that featured 226 Class A apartment units and 34,500 square feet of ground-floor retail space. The development was completed in 2021. Origin contributed preferred equity financing for the development of Aspire that was paid off in early February of 2022. Over a 3-year hold period, the investment generated a gross IRR of 19% and a gross equity multiple of 1.47x for IncomePlus investors. 

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