Origin Exchange Program Launches Third Multifamily DST Offering in 10 Months
Origin Investments, a private multifamily real estate fund manager, has completed its third acquisition as part of its Origin Exchange Delaware statutory trust investment program which launched in June 2024. Charlotte NoDa DST is a $48.9 million offering.
The DST asset is a 323-unit Class A multifamily community in the heart of downtown Charlotte’s NoDa and Plaza Midwood neighborhoods in North Carolina.
The minimum investment in the offering is $250,000, and the potential hold period is from two to five years. It is the newest offering for Origin Exchange, which provides an accredited investor the ability to make a tax-free 1031 exchange of an actively managed property investment for an institutional-quality DST asset without high fees.
Origin Exchange currently has a total of $73.5 million of available equity in Charlotte NoDa DST and Queens Wedgewood-Houston DST, a $44.5 million offering in downtown Nashville. Investors can place capital in either or both properties.
“The announcement of three DST Exchange offerings in less than one year underscores Origin’s commitment to providing tax-efficient multifamily real estate solutions to investors,” said David Scherer, co-chief executive officer of Origin Investments. “The demand for this type of investment speaks to investors’ continued appetite for investment alternatives in the multifamily space.”
Charlotte NoDa DST, which was acquired as Broadstone Optimist Park, is a six-story property at 2010 N. Brevard St. Constructed in 2023, the multifamily community is strategically located just minutes from Uptown Charlotte’s job hub and nestled between two of the city’s leading entertainment districts: NoDa and Plaza Midwood. The property offers studio, one- and two-bedroom units, as well as townhomes. At the time of acquisition, the property was 91% leased.
Community amenities include a resort-style pool and courtyard with cabanas, a fitness center, and an indoor/outdoor clubroom with full kitchen and grill area.
“This latest addition to our Charlotte portfolio is a high-quality, transit-oriented asset,” said Dave Welk, managing director of acquisitions at Origin Investments. “The property is a great complement to our Trailside NoDa project. Together, these Class A assets serve as bookends to Charlotte’s broader Mill District submarket.”
Earlier this year, Origin that its inaugural DST acquisition – a 300-unit Class A multifamily community in suburban Dallas – had reached fully subscribed status. The Starling attracted nearly $40 million in investments from more than 40 investors who elected to use a 1031 exchange.
“Our recent investments in and offering of Charlotte NoDa, Queens WeHo and the Starling demonstrate our ability to make timely investments that fulfill the investment objective and needs of our investors,” Scherer said. “Our track record in multifamily investing speaks for itself.”
The acquisition of Broadstone brings Origin’s portfolio of projects in development, construction, and lease-up across North Carolina to eight properties totaling 2,182 units. Six of those projects are in Charlotte.
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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