IncomePlus Fund

Niche Hyde Park

Tampa Bay,

FL

Total Required Equity
$10.7 million
Asset Type
Multifamily
Investment Objective
Development
Projected IRR
14%
Hold Period
5 Years
Investment Date
October 2021

Investment Summary

Located in the upscale neighborhood of Hyde Park in Tampa Bay, FL,  Niche in Hyde Park represents Origin’s dedication to innovative living. The preferred equity project will feature 251 units with highly efficient floorplans, optimized by robotically controlled furniture all provided by Niche – a convertible apartment design company. This will allow people to “live large” in a smaller space by readjusting the floorplan based on necessity. These layouts provide a 20% discount to residents compared to other multifamily projects in the area. North Hyde Park has seen enormous growth in recent years and is minutes away from all major Tampa nodes such as the Central Business District, University of Tampa, new restaurants, stores, and the Riverwalk. 

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