Origin Capital Partners Launches Denver Tech Corridor Crowdfunding Opportunity

CrowdfundBeat News Wire,

CHICAGO, Feb. 4, 2016 /PRNewswire/ — Real estate investment firm Origin Capital Partners has launched its first Denver deal on its new crowdfunding platform: Denver Corporate Center I (DCC I), an 11-story office building in the Denver Tech Center.

Investments in the building begin at $10,000 for accredited investors, who must meet certain income or net worth requirements.

Origin Capital (PRNewsFoto/Origin Capital)

Origin Capital (PRNewsFoto/Origin Capital)

“Real estate crowdfunding is growing fast — it’s expected to raise more than $3 billion in 2016,” said Michael Episcope, cofounder of Origin, which has more than $500 million of real estate under management. “But we’re not marketing other people’s deals. Our firm owns Denver Corporate Center and will own it for the same period as our investors.”

Added Origin cofounder David Scherer: “This is about opening up high-quality, privately held real estate to investors who previously could not access firms such as ours. The minimum investments were – and at most firms still are – too high for people to reach.”

Scherer and Episcope personally have invested approximately one-third of all of the equity in the firm’s acquisitions to date.

That philosophy has served Origin’s investors well as its second real estate fund, of which DCC I is one of many assets, is on track to double investors’ money over its five- to seven-year horizon.

Denver Corporate Center

Origin Capital Partners and Hamilton-Titan have formed a joint venture to acquire DCC I for $23 million.

Hamilton-Titan has had an ownership interest in the building since 2006. The deal involves Origin buying out a previous investor.

Origin plans to improve the building, adding a fitness center, wifi café, locker and shower facilities, bike storage, etc. It is 83 percent leased.

Built in 1981 as part of a three-building complex for IBM, which remains a tenant, DCC I is Origin’s first investment in Denver. Among the reasons for making this investment is the city’s population growth; the expansion of light rail in the Denver tech corridor; and easy access to interstates and airports.

Origin Capital Partners

Founded in 2007, Origin Capital Partners focuses on acquiring apartment and office buildings in eight target markets. The firm is currently raising its third fund, with a $150 million target, of which Episcope and Scherer are investing $10 million.

Tags: , , , , , , ,

HEADLINE NEWS

Curbed DetroitChurch kicks off crowdfunding campaign to save historic spiresCurbed DetroitIt's been quite a month for the steeples at the Sweetest Heart of Mary church. The Mother of Divine Mercy church council went to the Historic District Commission earlier this month with the [...]

Redding Record SearchlightCrowdfunding isn't about buying but about donatingRedding Record SearchlightImagine you're an innovator with a big idea but not a lot of cash to bring the idea to fruition. You spend some of your own money up front to design a cool demo, and then yo [...]

Crowdfunding restores ponds in drought-hit south IndiaReutersIt has also led to an unusual crowdfunding campaign that helped restore a village pond in one of the worst affected areas, with a similar effort planned for a second pond. The effort, led by The Better India website, raised [...]

HousingWireReal estate crowdfunding platform RealtyShares buys rival Acquire Real EstateHousingWireRealtyShares, which bills itself as the “leading online marketplace for real estate investing,” announced Thursday that it bought Acquire Real Estate, which the company calls an “innovat [...]

Deutsche WelleLiving Planet: Crowd-funding slaughterDeutsche WelleLiving Planet: Crowd-funding slaughter. A German startup is attracting carnivores who want to know where their meat comes from by butchering on demand. A cow isn't killed until the entire animal - raised outdoors o [...]

TechCrunchSnopes seeks crowdfunding in ownership battleTechCrunchHow many times have you heard some urban legend, chain letter or misleading bit of news repeated and immediately found a thorough, fact-based debunking on Snopes? Like every damn day for the last 20 years or so, right? S [...]

MedAnswers Announces Securities Crowdfunding Seed Round | 07 ...Markets InsiderLOS ANGELES, CA--(Marketwired - July 27, 2017) - MedAnswers, a digital health app that at first connects infertility patients to experts for on-demand questions ...and more » [...]

Daily MailSnopes Raises 500K To Fight Legal Battle | The Daily CallerThe Daily CallerFact checking site Snopes raised more than 500000 Monday, on the first day of a crowdfunding campaign launched to keep the site operational.Snopes.com, the fact-checking website, raised more than $500 [...]

The VergeA San Diego newspaper is partnering with GoFundMe to launch campaigns based on its own articlesThe VergeEarlier this month, The San Diego Union-Tribune launched an unusual experiment: asking readers to become small-scale philanthropists. Partnering with crowdfunding platform [...]

MashableStudy shows women are way better than men at crowdfundingMashableMale investors often don't fully understand the value of ideas women entrepreneurs pitch them. They throw capital at food delivery service after food delivery service, but ignore ideas that cater to groups t [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |