Origin Investments is announcing the conversion of its IncomePlus Fund to a private real estate investment trust (REIT), effective Jan. 1, 2025.
Origin is making the conversion primarily to simplify the tax reporting process for its more than 1,500 current fund investors; this change in tax structure broadens the investment vehicle’s appeal to a wider cross section of registered investment advisers (RIAs) and has the potential to be a more attractive investment option for institutional investors.
Among the significant distinctions between a private real estate fund that is taxed as a partnership and a private REIT is the mechanism used for income tax filing purposes. Private REITs produce 1099 statements. Private fund partnerships produce K-1s, which typically take more time to prepare and can affect an investor’s tax filing timeline.
“We want to do whatever is in our power to improve the investing experience, and a big part of that is eliminating the pain
