{"id":1004184082,"date":"2017-07-17T03:49:36","date_gmt":"2017-07-17T11:49:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004184082"},"modified":"2022-12-08T16:44:35","modified_gmt":"2022-12-09T00:44:35","slug":"highly-crowdfunded-vehicle-hits-final-close-at-151m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/","title":{"rendered":"Highly Crowdfunded Vehicle Hits Final Close at $151M"},"content":{"rendered":"

By Scott Baltic, Contributing Editor <\/em><\/p>\n

\"Michael<\/a>

Michael Episcope, Origin Investments<\/p><\/div>\n

CRE private equity firm Origin Investments, of Chicago, has completed the final closing for its fully subscribed $151 million Fund III, the company announced last week.<\/p>\n

The nominal $150 million fund, which hit its $55.5 million first closing in March<\/a>, is intended to acquire $600 million in value-added commercial properties.<\/p>\n

The goal is that when fully invested, Fund III will have more than 15 multifamily and office properties in eight high-growth markets across the U.S.: Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Houston and Raleigh-Durham, N.C. Since July 2016, it has invested about $38 million in eight properties valued at more than $257 million.<\/p>\n

The $151 million was raised from more than 450 investors and is Origin\u2019s largest fund to date. Although more than 92 percent of those who invested in Origin\u2019s Funds I and II also invested in Fund III, the latest fund reportedly also drew hundreds of new investors.<\/p>\n

\u201cAspects of the Jobs [Jumpstart Our Business Jobs] Act opened the door, making real estate investing more accessible by lowering minimum investments and increasing the number of investors who could participate<\/em>,\u201d Origin co-founder Michael Episcope told Commercial Property Executive<\/em>. \u201cWe interpreted the JOBS Act as the opportunity to attract a greater number of investors through a lower entry point.<\/em>\u201d<\/p>\n

Recent investments<\/h2>\n
    \n
  • In January, Keystone 100 in Durham, N.C., a 62,300-square-foot Class A office building in Keystone Office Park, that the fund purchased from American Real Estate Partners.<\/li>\n
  • In March, Puritan Mill, in the West Midtown submarket of Atlanta. The fund paid $26.9 million for Weaver & Woodbery Co.\u2019s majority stake in the 83,000-square-foot loft office project, which the fund now co-owns with Urban Realty Partners. Plans have been made to add retail and event space on an adjacent 1.9-acre parcel later this year.<\/li>\n
  • In April, 511 Meeting St., a 221-unit multifamily development in Charleston, S.C.<\/li>\n
  • Earlier in 2016, Fund III invested in Trinity Place a four-story, 114,547 square-foot, Class A office building in Raleigh, N.C.; a 334-unit apartment community located near the Texas Medical Center in Houston; Lee Park Towers, a 121,000 -square-foot, two-building Class B office complex in Dallas\u2019 Uptown\/Turtle Creek submarket; Cherry Creek Plaza, a 314,000-square-foot, two-building office complex in suburban Denver; and a 448-unit apartment community in Palatine, in suburban Chicago.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Origin Investments\u2019 Fund III, raised from more than 450 investors, is intended to acquire $600 million in value-added commercial properties.<\/p>\n","protected":false},"author":882,"featured_media":1004184088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1576,21808,21783,21752,23891,21742],"tags":[33096,34604,35534],"class_list":["post-1004184082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cities","category-featured","category-investment","category-mixed-use","category-national","category-latest","tag-american-real-estate-partners","tag-origin-investments","tag-real-estate-crowdfunding"],"acf":[],"yoast_head":"\nHighly Crowdfunded Vehicle Hits Final Close at $151M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Highly Crowdfunded Vehicle Hits Final Close at $151M\" \/>\n<meta property=\"og:description\" content=\"Origin Investments\u2019 Fund III, raised from more than 450 investors, is intended to acquire $600 million in value-added commercial properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-17T11:49:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:44:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Michael-Episcope.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/\",\"name\":\"Highly Crowdfunded Vehicle Hits Final Close at $151M - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Highly Crowdfunded Vehicle Hits Final Close at $151M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/","og_locale":"en_US","og_type":"article","og_title":"Highly Crowdfunded Vehicle Hits Final Close at $151M","og_description":"Origin Investments\u2019 Fund III, raised from more than 450 investors, is intended to acquire $600 million in value-added commercial properties.","og_url":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-07-17T11:49:36+00:00","article_modified_time":"2022-12-09T00:44:35+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Michael-Episcope.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/","url":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/","name":"Highly Crowdfunded Vehicle Hits Final Close at $151M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Michael-Episcope.jpg","datePublished":"2017-07-17T11:49:36+00:00","dateModified":"2022-12-09T00:44:35+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Michael-Episcope.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Michael-Episcope.jpg","width":800,"height":600,"caption":"Michael Episcope"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/highly-crowdfunded-vehicle-hits-final-close-at-151m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Highly Crowdfunded Vehicle Hits Final Close at $151M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. 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