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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).