Trending...
- Conexwest: Shipping Containers Are Powering the Next Generation of Bitcoin Mining Infrastructure
- Report: Chicago's Safety Plan Showing Promising Results in Key Neighborhoods
- Book Presentation: The Grasshopper Lost Its Wings by Rosy Hugene
Download
By investing capital gains in a QOZ fund on or before December 31, 2021, investors can take advantage of three tax benefits. (Graphic: Business Wire)
CHICAGO--(BUSINESS WIRE)--Top-performing real estate investment manager Origin Investments sees investments in Qualified Opportunity Zone funds surging as the December 31 deadline approaches for contributions that can qualify for a 10% reduction on deferred capital gains taxes. To meet demand, the firm launched its Qualified Opportunity Zone Fund II in October after its highly successful inaugural QOZ Fund I closed. Fund II already has six multifamily developments in its pipeline.
More on illi News
"Investor appetite in opportunity zones has accelerated significantly this year for many reasons, but the biggest wave is about to come as the bonus tax reduction on deferred capital gains comes to an end on December 31," Origin Co-CEO Michael Episcope said. "Unlike other private real estate firms that are still searching for attractive QOZ investment opportunities, we have $700 million worth of projects in our pipeline right now that represent some of the best development sites in the country."
Since the 2017 Tax Cuts and Jobs Act created the opportunity zone program, QOZ funds have become an attractive option to investors who wish to defer the tax on their gains. The dollars substantiate this point: QOZ Funds raised $17.52 billion through Q2 2021, an increase of 15.5% over the total reported during all of 2020, according to Novogradac, a national certified public accounting firm that specializes in real estate tax credits, among other things.
3 Benefits of QOZ Investing Though December 31, 2021
By investing capital gains on or before December 31, 2021 in a QOZ fund, investors can take advantage of three benefits: their capital gains tax liability can be deferred until December 31, 2026; they can reduce tax liability on those original gains by 10%; and they can eliminate taxes on any capital gains realized from the QOZ investment after a 10-year holding period. Some examples of assets that can be sold and the proceeds reinvested in a QOZ fund are stocks, real estate, a private business, precious metals, cryptocurrencies and art.
"Investments in QOZ offerings can be made after December 31 but will not meet the five-year hold requirement prior to December 31, 2026, which is necessary to receive the 10% reduction in their capital gains tax basis," Origin General Counsel Michael McVickar explained.
More on illi News
Origin QOZ Fund I closed in July 2021 and raised $265 million from more than 800 investors. This level of investment ranked it in the top 2% of the nation's largest QOZ funds, the Novogradac report concluded. In its QOZ Fund I, Origin currently has 11 multifamily assets totaling about 3,700 units in varying stages of construction with a total value of more than $846 million.
Origin's QOZ Fund Strategy Has Led to Top Performance
Given the transaction pipeline and reputation Origin has developed since launching its first fund, the firm already has six developments in the QOZ Fund II investment pipeline, with a value of approximately $700 million. Episcope attributes the robust level of activity in Origin's second QOZ Fund to the activity that was generated looking for deals in its first QOZ Fund. The acquisition team has been active in the QOZ space for more than three years and they see every deal in their target markets.
"From the time we launched QOZ Fund I we have had one goal in mind—to make money for our investment partners. The tax break doesn't matter if you don't turn a profit. That's why we evaluate these opportunities no differently than a deal without the QOZ benefits," Episcope added.
About Origin Investments: Origin Investments helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. They are a private real estate manager that builds, buys and lends to multifamily real estate projects in fast-growing markets throughout the U.S. Since its founding in 2007, Origin has executed more than $2.6 billion in real estate transactions and its principals have invested more than $60 million alongside investors. Origin prides itself on offering unparalleled service to investors and its performance ranks the firm in the top decile of the best performing private real estate fund managers ranked globally by Preqin, an independent provider of data on alternative investments. Earlier this year Origin raised $265 million for its QOZ Fund I. The firm is currently accepting new investors for its open IncomePlus, Multifamily Credit and QOZ II Funds. To learn more, visit www.origininvestments.com.
Contacts
Michael Millar, Open Slate Communications
847-863-1037, mjmillar@openslatecommunications.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Michael Millar, Open Slate Communications
847-863-1037, mjmillar@openslatecommunications.com
By investing capital gains in a QOZ fund on or before December 31, 2021, investors can take advantage of three tax benefits. (Graphic: Business Wire)
- By investing capital gains in a QOZ fund on or before December 31, 2021, investors can take advantage of three tax benefits. (Graphic: Business Wire)
CHICAGO--(BUSINESS WIRE)--Top-performing real estate investment manager Origin Investments sees investments in Qualified Opportunity Zone funds surging as the December 31 deadline approaches for contributions that can qualify for a 10% reduction on deferred capital gains taxes. To meet demand, the firm launched its Qualified Opportunity Zone Fund II in October after its highly successful inaugural QOZ Fund I closed. Fund II already has six multifamily developments in its pipeline.
More on illi News
- Inkdnylon Custom Apparel Launches Cost-Saving System for Promotional Products and Custom Apparel in Chicago
- ENTOUCH Named Finalist for 2026 North American Inspiring Workplaces Awards
- Keyrenter Property Management Naperville Announces Grand Opening
- Cleveland County Goat Farm NC Kikos Featured in "Feature Farmer Friday" Documentary
- Registration for Future of Commerce 2026 is Now Open!
"Investor appetite in opportunity zones has accelerated significantly this year for many reasons, but the biggest wave is about to come as the bonus tax reduction on deferred capital gains comes to an end on December 31," Origin Co-CEO Michael Episcope said. "Unlike other private real estate firms that are still searching for attractive QOZ investment opportunities, we have $700 million worth of projects in our pipeline right now that represent some of the best development sites in the country."
Since the 2017 Tax Cuts and Jobs Act created the opportunity zone program, QOZ funds have become an attractive option to investors who wish to defer the tax on their gains. The dollars substantiate this point: QOZ Funds raised $17.52 billion through Q2 2021, an increase of 15.5% over the total reported during all of 2020, according to Novogradac, a national certified public accounting firm that specializes in real estate tax credits, among other things.
3 Benefits of QOZ Investing Though December 31, 2021
By investing capital gains on or before December 31, 2021 in a QOZ fund, investors can take advantage of three benefits: their capital gains tax liability can be deferred until December 31, 2026; they can reduce tax liability on those original gains by 10%; and they can eliminate taxes on any capital gains realized from the QOZ investment after a 10-year holding period. Some examples of assets that can be sold and the proceeds reinvested in a QOZ fund are stocks, real estate, a private business, precious metals, cryptocurrencies and art.
"Investments in QOZ offerings can be made after December 31 but will not meet the five-year hold requirement prior to December 31, 2026, which is necessary to receive the 10% reduction in their capital gains tax basis," Origin General Counsel Michael McVickar explained.
More on illi News
- Tony Grundler Introduces Artificial Intelligence V.S. Avatar-Ian's
- Hollywood's Elite Gather at the Annual WOW Creations Oscars Gifting Suite at the Universal Hilton
- Where Were the Women? Reframing the Greek Revolution Through Contemporary Art
- Chicago: Mayor Brandon Johnson Appoints Deputy Mayor Kenya Merritt as Department of Cultural Affairs and Special Events Commissioner
- City of Chicago and Choose Chicago to Lead Chicago 250 Commemoration, Celebrating the History and Soul of America
Origin QOZ Fund I closed in July 2021 and raised $265 million from more than 800 investors. This level of investment ranked it in the top 2% of the nation's largest QOZ funds, the Novogradac report concluded. In its QOZ Fund I, Origin currently has 11 multifamily assets totaling about 3,700 units in varying stages of construction with a total value of more than $846 million.
Origin's QOZ Fund Strategy Has Led to Top Performance
Given the transaction pipeline and reputation Origin has developed since launching its first fund, the firm already has six developments in the QOZ Fund II investment pipeline, with a value of approximately $700 million. Episcope attributes the robust level of activity in Origin's second QOZ Fund to the activity that was generated looking for deals in its first QOZ Fund. The acquisition team has been active in the QOZ space for more than three years and they see every deal in their target markets.
"From the time we launched QOZ Fund I we have had one goal in mind—to make money for our investment partners. The tax break doesn't matter if you don't turn a profit. That's why we evaluate these opportunities no differently than a deal without the QOZ benefits," Episcope added.
About Origin Investments: Origin Investments helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. They are a private real estate manager that builds, buys and lends to multifamily real estate projects in fast-growing markets throughout the U.S. Since its founding in 2007, Origin has executed more than $2.6 billion in real estate transactions and its principals have invested more than $60 million alongside investors. Origin prides itself on offering unparalleled service to investors and its performance ranks the firm in the top decile of the best performing private real estate fund managers ranked globally by Preqin, an independent provider of data on alternative investments. Earlier this year Origin raised $265 million for its QOZ Fund I. The firm is currently accepting new investors for its open IncomePlus, Multifamily Credit and QOZ II Funds. To learn more, visit www.origininvestments.com.
Contacts
Michael Millar, Open Slate Communications
847-863-1037, mjmillar@openslatecommunications.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Contacts
Michael Millar, Open Slate Communications
847-863-1037, mjmillar@openslatecommunications.com
Filed Under: Business
0 Comments
Latest on illi News
- Klincher Live at Pop's Nightclub Brings High-Energy Rock Show to Sauget Illinois
- Jeron Electronic Systems, Inc. to Showcase Area of Rescue Pro-Alert™ 480 at ISC West 2026, Booth #6130
- A Year in Love by Michael G. D'Aversa Offers Daily Celebrations of Romance and Devotion
- Mayor Brandon Johnson and Chicago City Council Honor, Celebrate, And Memorialize the Life and Legacy of the Rev. Jesse Jackson, Extend Condolences to the Jackson Family
- Tint Academy Training in Dallas Texas: Learn Window Tint & PPF Installation
- $IBG accelerates toward transformative merger with BlockFuel as $6 million raise fuels dual-industry growth strategy: N A S D A Q: IBG
- High-Growth Power Infrastructure Play Targets AI Boom: 1606 Corp. Executes Aggressive Texas Expansion Strategy: 1606 Corp. (Stock Symbol: CBDW) $CBDW
- Accelerating the Transformation into a U.S. Nuclear Fuel Cycle Leader: Frontier Nuclear and Minerals Inc. (N A S D A Q: FNUC)
- Ozz Metals Ltd Secures 1-Tonne Gold Offtake Agreement
- Jet Set: The Ultimate Coachella Afterparty
- Heritage at Manalapan Introduces New Single-Family Home Community in One of Monmouth County's Most Desirable Locations
- Compliant Workspace announces partnership with Blackpoint Cyber
- Michigan Homeowners Urged to Act on Rising Basement Waterproofing Needs Amid Severe Flood
- Event Solutions Enters New Era: Announces New Leadership
- Carlsbad Hotel Named Best of La Quinta Award Winner
- Scoop Social Co. Launches a New Era of Mobile Hospitality — One Truck, Two Experiences
- Record Sales Growth After Strategic Acquisitions; New Distribution Agreements for Established Premium Cigar Supplier: Green Leaf Innovations $GRLF
- R2 Copilot Addresses Critical Privacy Issues as Enterprise AI Spending and Security Incidents Rise
- Innovative Environmental Technologies Unveils New Website Featuring Free AI Tools for the Environmental Industry
- CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia