Michael_Episcope (4) Michael Episcope of Origin Investments
CHICAGO— Origin Investments has hit a vigorous fundraising stride, raising between $1 million and $4.4 million per week for its third fund, according to company officials. A variety of sources have poured in capital, including current partners, new high net worth investors and family offices investing with Origin for the first time. “It’s exposure,” Michael Episcope , a cofounder of the Chicago-based private equity real estate firm, tells GlobeSt.com. “We have a great story and we’re getting it out there. Unlike a lot of newcomers, we have a track record.” Founded in 2007, Origin has generated net returns in excess of 25% across its first two funds, he adds. Funds 1 and 2 have outperformed 90% of peer group funds, which has led industry analyst Preqin to rank the funds as top quartile. Furthermore, 96% of Origin’s individual property investments have outperformed initial projections. As reported in GlobeSt.com, Origin and a partner recently sold Lux24, a 73-unit apartment building in Chicago’s West Loop, for $35 million, more than double what they paid three years ago when acquiring the former condo project out of foreclosure. The firm also sold Arium North Point in Atlanta, and achieved a more than 40% annualized internal rate of return. Both Episcope and cofounder David Scherer emphasize that they put a great deal of their own money into the firm’s investments. “That resonates with a lot of people,” says Episcope. “Other investors want to see that you have skin in the game.”       Overall, Episcope feels that potential investors are becoming increasingly comfortable with real estate. “Many are a little wary of the stock market,” especially after the Brexit vote sent it on a roller coaster ride. “It went down 1,000 and then up 1,000,” and even though that means prices recovered, “it’s the whipsaw that keeps people up at night. But real estate values weren’t touched by Brexit.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.