Origin Exchange Launches $46.26M Multifamily DST Offering in Orlando

Origin Exchange has launched a $46.26 million Delaware statutory trust offering backed by Novel Nona, a 260-unit Class A multifamily community in Orlando’s Lake Nona area.

Origin Nona, DST is an approximate $46.26 million offering. It represents the fourth DST investment offering by Origin. It is also Origin’s third multifamily investment in Orlando.

Origin acquired Novel Nona from Crescent Communities, a real estate developer and operator of mixed-use communities.

Located at 11850 Narcoossee Road in Orange County, Novel Nona was developed by Crescent beginning in mid-2021. The last units were delivered in mid-2023. At the time of Origin’s acquisition, the community was 94% leased.

“For longtime landlords looking to step back from active management, a DST exchange into an asset like Novel Nona is exactly what Origin Exchange was built to deliver: institutional-quality real estate in a high-growth market, newly delivered with no near-term capital requirements,” said Michael O’Shea, director of private wealth at Origin Investments.

The community features studio, one- and two-bedroom units in a four-story building. Amenities include a clubroom, café, coworking spaces, and micro-offices; a fitness club and studio for yoga, barre, and spin; terrarium and propagation stations; bike storage/bike share; a saltwater pool and trail and conservation area; two courtyards with firepits and grills; and a top-floor sky lounge.

A notable area amenity is Lake Nona, as well as Lake Nona Town Center and medical, business, and recreational destinations. Novel Nona is located in proximity to Lake Nona Medical Center and Valencia College.

“Lake Nona is one of Orlando’s most dynamic submarkets, and for investors focused on income and capital preservation, that combination of location and asset quality is hard to find in a passive structure,” added O’Shea.

Origin Exchange launched in June 2024. In 2025 and to date in 2026, Origin said it has raised more than $100 million, with the average investment approximately $700,000. The other Origin Exchange DSTs included the following:

Origin Charlotte NoDa, DST was an approximate $48.9 million DST offering comprising a 323-unit Class A multifamily community in the heart of downtown Charlotte’s NoDa and Plaza Midwood neighborhoods.

Queens Wedgewood-Houston, or Queens WeHo, was a 221-unit Class A multifamily community in the heart of downtown Nashville’s Wedgewood-Houston neighborhood. Investing in it was made possible through the $44.5 million Origin Nashville Queens, DST offering.

For its first DST transaction, Origin purchased The Starling in September 2024, a 300-unit multifamily community Princeton, Texas. The offering attracted nearly $40 million in investments according to previous AltsWire reporting.

Origin Exchange allows accredited investors to complete a 1031 exchange into a passively managed property without high fees. The minimum investment is $250,000. The potential hold period is two to five years.

Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing tax-efficient real estate solutions through private funds.

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