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Origin Investments has entered the Phoenix market. The Chicago-based investment firm partnered with Randolph Street Realty Capital to acquire the 80-unit Union @ Roosevelt apartment complex. Origin has set its sights on Phoenix, and plans to build a portfolio in the market over the next year.

“Right now we are very keen on Phoenix, and for a variety of different reasons,” Tom Briney, director of Origin Investments, tells GlobeSt.com. “There are few markets who have made as much progress diversifying their economy in a more meaningful way than Phoenix. And the shift in the market in Phoenix is as recent as the last 18 months. It is one of the last of the markets to really join the recovery. Further, it is now at pre-recession employment and economic levels. The quantity and quality of jobs being created there is excellent. That, coupled with a cost of living that is low compared to a lot of markets it would compete with—like Colorado, California and the Pacific Northwest—we believe there is lots of runway left in Phoenix.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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