Origin Investments Secures $18.5M for Live Oak, a Premier Apartment Venture in East Dallas

Origin Investments Secures Funding for Exciting Dallas Apartment Project

Origin Investments, a renowned name in the real estate industry, has successfully raised $18.5 million for an exciting new venture in East Dallas. The project, named Live Oak, is a preferred equity opportunity that promises to be a game-changer in the East Dallas submarket.

Investment Details and Expectations

The investment in Live Oak is secured from 55% to 75% in the capital stack, targeting an impressive 11%-12% net IRR and 1.35x-1.40x net multiple. This is projected to be achieved after an estimated hold period of three years. The funding for this project has been raised through commitments, demonstrating the trust and confidence investors have in Origin Investments.

About the Live Oak Project

Live Oak is envisioned to be a 327-unit, five-story multifamily development. The project promises Class A-plus interior finishes and amenities, setting a new standard for residential spaces in the area. It is located in the highly sought-after East Dallas submarket, surrounded by some of Dallas’ most popular entertainment districts.

The property's strategic location offers quick access to Uptown and Downtown, making it an attractive choice for professionals working in top employment centers. Notably, the area is home to two dozen Fortune 500 company headquarters. Live Oak is one of the last remaining parcels of its size with multifamily zoning in East Dallas, making it a unique and valuable investment opportunity.

Investment Opportunities with Origin

Origin Investments offers syndication and sidecar opportunities on a first-come, first-served basis. The company gives priority to current Origin Fund investors, ensuring they have the first opportunity to participate in exciting new projects like Live Oak.

The successful funding of the Live Oak project is a testament to Origin Investments' commitment to providing high-quality real estate investment opportunities. As the project progresses, it will be exciting to see the impact it has on the East Dallas submarket and the broader Dallas real estate market.