Origin also explained that the fund is structured with a REIT subsidiary, which under provisions of the Tax Cuts and Jobs Act provides a 20% tax deduction on all taxable dividends, regardless of an investor’s income.
“Origin’s multifamily credit fund underscores our firm’s ability to conceptualize, build and deliver an expanding range of sophisticated investment opportunities and strategies to meet investors’ goals and objectives,” said Origin co-CEO David Scherer.
Since its founding in 2007, Origin has executed more than $2.5 billion in real estate transactions, and its principals have invested more than $60 million alongside other investors.