CHICAGO—Chicago-based real estate private equity firm Origin Investments has completed the final closing for its $150 million Fund III, and company officials say it paves the way to acquire about $600 million in value added properties.
The $151.4 million raised came from more than 450 different investors and is Origin's largest fund to date. Origin's first two funds are currently on track to generate more than a 24% annualized net return. The company had gone after a range of property types including medical office, multifamily, office, industrial and retail, but the third fund will focus on underperforming multifamily and office projects.
“We've narrowed our focus considerably,” Michael Episcope, one of the cofounders and principals of Origin, tells GlobeSt.com. That makes the firm's strategy easier to explain to potential investors. In fact, in addition to the hundreds of new investors, more than 92% of those investing in Funds I and II also invested in Fund III.
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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.
