Origin Investments Secures $18.5 Million for Live Oak Multifamily Development in East Dallas Submarket
In the highly desirable East Dallas submarket, Origin Investments has successfully raised $18.5 million for its latest preferred equity opportunity, Live Oak. This investment offers protection from 55% to 75% in the capital stack and aims to achieve an impressive net IRR of 11%-12% and a net multiple of 1.35x-1.40x after an estimated three-year hold.
Live Oak is set to be a five-story multifamily development with Class A-plus interior finishes and top-notch amenities, consisting of 327 units in total. The property boasts close proximity to some of Dallas’ most popular entertainment districts.
Located just minutes away from Uptown and Downtown, residents at Live Oak will have easy access to major employment centers including two dozen Fortune 500 company headquarters – making it an ideal location for young professionals seeking convenience and luxury living options.
With limited remaining parcels available with multifamily zoning in East Dallas, Live Oak presents a rare investment opportunity that is not one to be missed.
