Origin IncomePlus Fund Invests in Multifamily Development Within Colorado Master Plan
Private real estate manager Origin Investments announced a joint venture with Confluence Companies, a multifamily development, construction and management firm, to develop the 298-unit Brickyard Apartments in Castle Rock, Colo. The multifamily development is part of Confluence’s 31-acre master planned development, The Brickyard.
Brickyard Apartments represents an investment by Origin’s IncomePlus Fund LLC, a portfolio of multifamily equity investments/assets that totals 33 properties and more than 7,300 units, not including Brickyard. The fund converted to a private real estate investment trust at the beginning of 2025, which the company said simplified the tax reporting process and broadened the investment vehicle’s appeal to a wider cross section of registered investment advisers.
According to Origin Investments, the Colorado development will transform the former Acme Brickworks plant site, located just west of Interstate 25 on Prairie Hawk Drive, into Castle Rock’s newest commercial, residential, and entertainment district.
Brickyard Apartments will consist of 36 studio, 149 one-, 98 two-, and 15 three-bedroom residences. Rents will range from $1,600 to $3,150 per month. The development also features approximately 38,300 square feet of commercial condo space for acquisition. To date, over half of the commercial condo space is under contract or letter of intent to sell to multiple local businesses, including three new restaurants.
The community’s amenities include a rooftop pool, hot tub, sauna, and cold plunge. Other amenities are a fitness center, social lounge and kitchen, outdoor terrace area, golf simulator, courtyards with green space, dog spa, and covered parking.
“This is a great opportunity for Origin to further expand in the Denver and Colorado Springs area with a deal that offers substantial edge and a best in class development partner,” said Jacob Sojka, vice president, Origin Investments. “We’re excited to partner with Confluence Companies in a community where there are high barriers to entry.”
Anchored by the Castle Rock Sports Center, The Brickyard Master Plan is expected to bring over $400 million in new development to the heart of Castle Rock. In total, the Brickyard is planned to include over 160,000 square feet of new restaurant, retail, office and entertainment space, a 100-room hotel and conference center, 298 apartments, and over 100 for-sale residential condos. Walking and biking trails will connect The Brickyard to surrounding areas.
Castle Rock is conveniently situated south of Metro Denver with panoramic views of Pikes Peak and its namesake Castle Rock. The area is a 20-minute drive to the Denver Tech Center, a 30-minute drive to Colorado Springs, and a 35-minute drive to Denver International Airport.
In other fund-related news, Origin IncomePlus Fund’s net distribution yield stood at 6.5% as of Oct. 31, 2025. The fund’s net asset value was $11.13, on a per unit basis.
Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices, and registered investment advisers grow and preserve wealth by providing tax-efficient real estate solutions through private funds. In 2023, it founded affiliate firm Origin Credit Advisers, a registered investment adviser that provides investment advice to yield-focused multifamily debt funds. Also, through the Origin Exchange platform, introduced in 2024, investors can complete a 1031 exchange of their properties for professionally managed, institutional-quality assets.
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