Origin Capital Partners, a Chicago-based real estate investment firm, and Aspen Heights Partners, an Austin-based developer, have formed a multi-year partnership to co-develop multifamily projects throughout the United States.
Origin is a real estate investment platform founded in 2007 that acquires office and multifamily properties for its principals and investment partners. Award-winning real estate development firm, Aspen Heights, is known nationally for its successful student-housing projects.
Origin Vice President Matt Ozee, who introduced the firms, said the two were a natural fit as their strategies are similar yet they offer complementary areas of expertise.
“We share a common bond in the way we look at where we’d like to invest money,” Ozee said. “Yet Aspen Heights brings us an element we don’t have, fully integrated development and day-to-day construction operations. Similarly, we bring them financial expertise, our asset management platform and capital.”
With offices in Chicago, Texas and North Carolina, Origin has more than a half-billion dollars in assets under management and is raising a third, $150 million fund in 2016. The company also deploys its acquisitions team into those regions.
Since 2006, Aspen has secured more than $775 million in construction financing, placed approximately $520 million in permanent debt and raised almost $300 million in equity. The company currently has almost 300 employees and continues to raise the bar for innovation and excellence in student housing and multifamily housing management.