Origin Investments Closes Second QOZ Fund at $300M-Plus
Origin Investments, a leading real estate fund manager headquartered in Chicago, has reached the final close of Origin Qualified Opportunity Zone Fund II after raising more than $300 million. The close of QOZ Fund II follows raising more than $264 million for its predecessor.
To date, Origin’s QOZ Fund II has committed to seven different ground-up multifamily rental developments expected to total more than 2,500 units in Atlanta, Colorado Springs, Jacksonville, Nashville, and Tampa. Origin anticipates that when fully invested, the Fund II portfolio will include several additional ground-up rental developments. The firm plans to launch QOZ Fund III in the next 60 to 90 days.
“Our ability to raise more than $564 million for opportunity zone fund developments is a testament to a perpetual demand for investment vehicles that seek to produce tremendous returns along with unique tax advantages,” said Michael Episcope, co-CEO, Origin Investments.