Origin Investments Affiliate Launches New Fund Aimed at Multifamily Credit

Chicago-based Origin Credit Advisers LLC (OCA), a newly formed affiliate of multifamily real estate fund manager Origin Investments, has launched the Origin Strategic Credit Fund. The open-ended fund is designed to provide qualified purchasers with a consistent stream of risk-adjusted income, appreciation and capital protection.

The Origin Strategic Credit Fund targets investments in securitized bonds and commercial real estate collateralized loan obligations backed by collateral pools that are 90% or more composed of multifamily assets and non-securitized private positions in first- and second-lien preferred equity and mezzanine debt of multifamily real estate assets.

“The Strategic Credit Fund affords us the flexibility to move across a wide spectrum of multifamily investments to capitalize on the opportunities that exist,” said Thomas Briney, president and CIO of OCA. “It allows us to do what we do best:  identify and analyze multifamily investment options and then move to where the market is providing mispriced acquisition and disposition opportunities.”