Select Asset Fund
Unlock the Upside
An Opportunistic Multifamily Real Estate Fund Built for Growth
1) Targeted performance doesn’t represent an actual investment in the Fund and frequently has sharp differences from actual returns. Targeted 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. The target IRR assumes a hypothetical sale in year 4 and represents the target return to the Select Asset Fund and does not reflect the return that an investor in the Select Asset Fund may receive. 2) Targeted performance doesn’t represent an actual investment in the Fund and frequently has sharp differences from actual returns. Targeted 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. The target total return for the optional income period is inclusive of 5%-6% target net annual distributions and 3%-4% target net annual appreciation.
Fund Highlights
Select Asset Fund targets ground-up multifamily developments in fast-growing Sun Belt and Mountain markets where future supply is constrained.
Short Duration
The Fund will have a five-year term, including the capital call period, to help maximize investor returns while minimizing the fund tail.
Co-Invest Access
Larger investors can co-invest alongside the fund with no fees—significantly enhancing blended returns.*
Optional Income Period
After the development period, investors can redeem their interests at fair market value or opt to remain in the Fund for income.
*The fee reduction benefit applies only during the development period and does not extend to the optional income period.
Why Multifamily Now?
Prohibitive Cost of Homeownership
The affordability gap between renting and owning is widening—$1,200 more per month to own versus renting.
64%
More Expensive to Own Versus Rent1
Housing Shortage
A persistent nationwide housing shortage has been further compounded by a sharp drop in new construction over the last few years.
-30%
Multifamily starts down from 3Q22 peak2
Demand Outpacing Supply
Annual absorption rates are surging to historic highs while new starts remain low.
3x
More Demand than New Supply3
1) Newmark 2Q25 U.S. Multifamily Capital Markets Report. According to Newmark research, the average effective monthly rent was $1,869, where the total median monthly payment (for homeownership) was $3,069 as of 1Q25. 2) Federal Reserve Bank of St. Louis. 3) RealPage Market Analytics as of 6/20/25.
Positioned for Growth Ahead
The Select Asset Fund will focus on high-growth U.S. cities where population, job creation, and rental demand are strong. The Fund expects to deliver units into an environment with little to no new supply.
Discover What’s in Our Multifamily Pipeline
We are actively evaluating a robust pipeline of ground-up multifamily developments positioned for long-term growth. By prioritizing shovel-ready projects, we aim to reduce execution risk and accelerate project starts.
Unlock More in the Fund Overview
Optional Income Period
After the initial four-year hold period, investors may choose to redeem at fair market value or remain in the fund to continue participating in appreciation, income, and tax efficiency.
5%–6%
Target Net Annual Distributions5
3%–4%
Target Net Annual Appreciation5
8%–10%
Target Net Annualized Total Return5
*Targeted performance doesn’t represent an actual investment and frequently has sharp differences from actual returns. Targeted returns are inclusive of appreciation and reinvestment of distributions and are net of fees. There can be no assurance that the Fund will achieve comparable results or meet its target returns.
Co-Invest with No Fees
Investors committing beyond the minimums specified below will gain access to the Fund’s co-investment vehicle with no fees on capital.*
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$500K
Minimum Fund Commitment
Co-Invest Access
No Management Fee
No Performance Fee
*Investors may commit to invest in the co-investment vehicle an amount up to 100% of their fund commitment. No fees are charged during the development period of the co-investment fund. Applicable fees charged thereafter. See offering materials for details.
Projected Returns*
Projected growth of a $1M investment with and without co-investment.
*Targeted performance doesn’t represent an actual investment in the Fund and frequently has sharp differences from actual returns. Targeted 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. Co-Investment returns shown assume a co-investment of 50% of the fund investment. Individual returns will vary based on the amount of co-investment.
Why Origin?
$97M+
Capital Invested by CEOs Since Inception*
Zero Losses in Multifamily
Origin’s institutional-quality team has executed billions in real estate transactions across U.S. markets for over two decades and has never lost money on a multifamily deal.
Data-Driven Process
We combine our in-market expertise with Multilytics®, our proprietary machine learning platform, to analyze market dynamics and evaluate opportunities with the objective of generating attractive risk-adjusted returns.
Alignment
Our Co-CEOs have personally invested more than $97 million of their own capital alongside investors since the inception of the firm in 2007, because they believe that alignment is one of the best ways to ensure our investors win.
*This is an aggregate amount that has been invested and reinvested in Origin funds since the inception of the company in 2007.
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What’s inside:
Why Multifamily Now?
Deal Pipeline
Fund Terms