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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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
