Origin Fully Subscribes $40M Suburban Dallas DST Offering
Origin Investments has fully subscribed its first acquisition as part of its Origin Exchange Delaware Statutory Trust (DST) investment program, totaling nearly $40 million. The acquisition, known as The Starling, is a 300-unit Class A multifamily community located in suburban Dallas acquired in September 2024. Origin is also pursuing a second DST investment, which involves a multifamily asset in Nashville. Positions in the firm’s DST offerings start at $250,000.
Completed in 2022, the Starling consists of 11 three-story, garden-style Class A residential buildings on a 12-acre site in Princeton, TX. The property is approximately 92% occupied with an average in-place rent of $1,542.
“This was a prototypical Origin investment opportunity, in keeping with the caliber of assets we’ve invested in for years,” said Phil Schuholz, VP of acquisitions, Origin Investments. “When using the benchmark of replacement cost, we were able to acquire the Starling below current replacement costs and at an even further discount from 2023.”
Origin introduced Origin Exchange in June 2024. The firm aims to “upend the 1031 exchange market by significantly reducing traditionally sky-high fees, offering high-quality investments, and simplifying the lives of investors who no longer want to actively manage real estate.”
Pictured: The Starling – Princeton, TX