Origin Investments, following the close of its highly successful inaugural Qualified Opportunity Zone (QOZ) Fund, launched a second QOZ Fund, targeting $300 million in funds. Origin’s QOZ Fund II will invest in ground-up multifamily development in the fast-growing targeted U.S. markets, and it already has three ground-up developments undergoing due diligence before closing.
“There’s been tremendous demand from the investment community and we’re launching QOZ Fund II, a virtual carbon copy of our first Fund, to create investment opportunities that provide tremendous returns along with substantial tax benefits for investors,” said Origin Investments’ co-CEO Michael Episcope.
Origin’s QOZ Fund II will embrace the same structure and strategy as its first QOZ fund, which closed in August after raising $265 million and ranked in the top 2 percent of all QOZ funds nationally in terms of capital raised, according to Novogradac, a professional services firm that t