CHICAGO, AUSTIN—Chicago-based real estate investment firm Origin Capital Partners and Austin-based developer Aspen Heights Partners have forged a multiyear partnership in which they will co-develop multifamily projects throughout the US.
Founded in 2007, Origin acquires office and multifamily properties and concentrates on eight markets — Charlotte, Raleigh, Atlanta, Houston, Dallas, Austin, Chicago and Denver — making it a good match with Aspen Height's focus on fast-growing cities in the South and Southeast. "Both firms have operations that cover all these cities," Origin's co-founder David Scherer told GlobeSt.com.
Aspen Heights has built more than 25 apartment and condo buildings and currently has eight under construction for a total investment of more than $1 billion. The company recently broke ground in Austin on The Independent, which is expected to be the tallest residential building west of the Mississippi River when completed in 2018.
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