Total Required Equity
$60 million
Asset Type
Investment Objective
Investment Date
March 2022
Projected IRR
Projected Net Multiple

Investment Summary

Origin will join repeat partner Kaplan Residential in the development of Sawtell, a 40-acre master-planned project in the Chosewood Park neighborhood of Atlanta, GA. Sawtell will create a neighborhood village that celebrates community and connectivity, weaving in adaptive reuse components to preserve the charm and originality of the site. The planned community, developed in multiple phases, will be home to more than 2,000 multifamily residences and up to 150,000 square feet of diversified commercial space.  

Kaplan and Origin have recruited veteran retail consultant George Banks and his firm, Revel, to plan the commercial space to include local restaurants, coffee shops, wellness centers, pet amenities, collaborative co-working centers, re-imagined office areas, and dedicated spaces for food trucks, entertainment and outdoor seating. Phase one of the project, slated to break ground in Q4 2022, will feature approximately 700 build-to-rent town homes and multifamily units. Chosewood Park is strategically located a half-mile from the Beltline, with access to the airport, Zoo Atlanta, the Georgia Institute of Technology and Emory University, providing access to more than 500,000 jobs.  

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