Origin Investments, a Chicago-headquartered multifamily investment solutions provider, has rolled out Origin Exchange, an investment program for qualified 1031 exchange investors.
According to the company, the program establishes a Delaware Statutory Trust (DST) to acquire and manage multifamily properties across the nation. Interests in the DST qualify for a 1031 exchange, which allows investors who sell real estate assets to complete a tax-deferred like-kind exchange and co-invest in, but not manage, an institutional-quality multifamily property.
Origin added that it was in final negotiations and due diligence for its first DST acquisition and will offer positions starting at $250,000.
Origin has appointed Michael O’Shea to the newly created position of vice president of Origin Exchange. He was most recently a senior vice president at Cantor Fitzgerald.
“Our philosophy is to create financial solutions that help our investment partners grow and protect their wealth,” said Michael Episcope, co-CEO of Origin Investments. “Launching Origin Exchange was an easy decision. The 1031 exchange industry is notorious for sky-high fees, and investors deserve a better choice. Our goal is to upend this market by cutting out the middleman, offering high-quality investments, and simplifying the lives of investors who no longer want to actively manage real estate.”
;
I think this is a great idea and should lead to others offering similar programs. Competition is always good to get better services and lower expenses.
there are many companies doing this; not new
I would like more information.
Who are some of the top firms in this space? Thank you!
I would like more information.
That sounds exactly what & where i ought to reinvest these funds for a replacement property . I can no longer actively manage real estate effectively.
I’m running out time to find & name an acceptable replacement property.
Please contact me ASAP !
I would like more information.