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Origin Investments Closes Opportunity Zone Fund at $265M
Private equity firm Origin Investments closed on Origin Qualified Opportunity Zone (QOZ) Fund I, with aggregate capital commitments of $265 million from more than 800 investors. The fund is among the top 2% largest QOZ funds nationwide, according to Novogradac data.
Chicago-based Origin projects that the $265 million raised will equate to more than $1 billion of multifamily development projects it will own and manage. The company plans to launch a second fund later this year.
To date, the QOZ Fund has committed approximately $100 million of equity in five different developments with an aggregated construction value of $375 million. “The true constant across these investments is that we are partnering with preeminent development platforms, from regional developers with a strong presence in the individual markets, to some of the largest multifamily investment and development firms in the country,” said Dave Welk, Origin’s managing director of acquisitions.
- ◦Financing
