Investment adviser Origin Credit Advisers (OCA), a newly formed affiliate of multifamily real estate fund manager Origin Investments, is bringing a new open-ended fund to market.
The Origin Strategic Credit Fund will target investments in securitized bonds and commercial real estate collateralized loan obligations, backed by collateral pools that are 90 percent or more composed of multifamily housing assets, and non-securitized private positions in first- and second-lien preferred equity and mezzanine debt of multifamily real estate assets.
OCA said the vehicle is designed to provide qualified purchasers with a consistent stream of risk-adjusted income, appreciation and capital protection.
“The Strategic Credit Fund affords us the flexibility to move across a wide spectrum of multifamily investments to capitalize on the opportunities that exist,” said Thomas Briney, president and CIO of OCA. “It’s really a malleable fund. It allows us to do what we do be