December 28, 2019
Origin Investments’ Newly Launched Opportunity Zone Fund Lines Up $105 Million in 17 Hours
Private equity real estate firm Origin Investments launched a Qualified Opportunity Zone (QOZ) fund on Nov. 14 and amassed $105 million in commitments from...

Origin Investments’ Newly Launched Opportunity Zone Fund Lines Up $105 Million in 17 Hours

November 19, 2019 

CHICAGO, Nov. 19, 2018 /PRNewswire/ — Private equity real estate firm Origin Investments launched a Qualified Opportunity Zone (QOZ) fund on Nov. 14 and amassed $105 million in commitments from 425 investors in 17 hours. While other firms are raising blind capital for QOZ funds, Origin has three multifamily opportunity zone projects under contract—one in Denver and two in Charlotte, cities that make the top 10 markets to watch in Urban Land Institute’s 2019 Emerging Trends in Real Estate report.

QOZs, which were established in 2017’s Tax Cuts and Jobs Act to incentivize long-term investment in economically distressed areas, allow investors to defer, significantly reduce or potentially eliminate capital gains taxes.  In creating QOZs, the U.S. government hopes to motivate Americans to invest some of the $6.1 trillion in unrealized capital gains they are holding in exchange for tax advantages. U.S. Secretary of the Treasury Steven Mnuchin has suggested that as much as $100 billion could flow into opportunity zones.

“But the QOZ tax benefit doesn’t change the fundamentals of sound real estate investing. These projects need to pass the same scrutiny as developments in non-QOZ areas, and be able to produce viable, risk-adjusted returns,” Origin cofounder Michael Episcope said.  “All opportunities should be evaluated on their strength as stand-alone investments and the ability of the manager to perform.”

Read Full Press Release

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now