Its really Its everything we look for but its a good quality asset. In his free time, he enjoys playing basketball, traveling and spending time with his friends and family. His investment philosophy is rooted in risk management and value creation, and he's been an active real estate investor for more than 15 years. Michael Episcope: Where I kick myself, as I look back, is I cant believe I didnt do more due diligence, and invested with this guy. He previously worked at Mark Anthony Brewing where he was responsible for leading the accounts payable process for over 50 vendors relating to co-packers, raw materials and packaging for Mikes Hard and White Claw. Rod Khleif: So youre a buy-fix-sell investor. Michael is co-CEO of Origin Investments, co-chairs the Investment Committee, and oversees investor relations, marketing and company operations. Michael Episcope Co-CEO Connect In 2007, Michael Episcope co-founded Origin Investments, a top-decile fund manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. Its not borderline at all. We can borrow from one asset to fix another and shore up. Ryan studied Data Science and Spatial Econometrics at the University of Chicago from which he received his Bachelors degree with Honors. Preston recently joined our acquisitions team as an Analyst. An individual syndicator they charge acquisition fees where fund doesnt. He is a lifelong resident of Chicago and lives with his dog in Chicagos Pilsen neighborhood. Sure. Committed vs Invested equity Prior to joining Origin Investments, Michael was the Vice President and Senior Associate General Counsel at General Growth Properties, a $3 billion publicly-traded REIT. Michael Episcope: Trading, and other backgrounds as well. And you look at all the low hanging fruit that the management team wasnt charging for, and so Ill take it. Rod Khleif: Absolutely Youve done so much, maybe you could take us back a little bit and tell us how the story started. Prior to Origin, Michael had a prolific trading career and twice was named one of the top 100 traders in the world by Trader Monthly Magazine. By Michael Episcope May 20, 2020 Activity The final close for Origin's Multifamily Credit Fund is rapidly approaching. If that would have turned out great and I wouldnt have founded it and maybe I would still be a passive investor today, but I just looked at it and said, I can do better than this. And my partner and I came to the same conclusion and said, Lets do this. [overlap talk]. Michael Episcope: Its a capital commitment fee. There he led operations with his 11-years of experience in leasing & marketing, value-add construction management, property management technology, and training. By the time the partners closed a $151 million fund raised from 450 investors last June, they'd transformed the company into something different: a real estate private equity fund that uses crowdfunding-like tactics to raise money from family offices and high-net-worth individuals. Its a different way of getting to the same place. She enjoys hiking, trying new restaurants and coffee shops, and spending time with family and friends. He received his Bachelor degree in Finance from The University of Connecticut. Preceding her most recent experience she was in the Mortgage Servicing Industry at Fay Servicing, Energy Monitoring & Consulting at Mad Dash, Inc. Then in April 2016, she joined the Origin family. And we understand that that is just as important as generating returns and letting investors know how youre doing it. Theyre truly a trillion dollar funds these days; in the stock market, that is. Naperville is the third largest city in Illinois. Click the play button above to listen to our conversation with Michael. In many ways, we found a deal that really spoke for itself, and we gave it a way, and it was a great market [overlap talk]. Prior to joining Origin Investments, Dave spent six years at Deutsche Banks global commercial real estate investment and advisory division known as RREEF. Dan graduated in 2019 from North Central College in Naperville with a Bachelor of the Arts with a major in Finance. Soon after graduating, he worked in the Transfers department at Millennium Trust. Rod Khleif: Right. With Michaels leadership, Origin has $1 billion in equity under management and has executed more than $2.6 billion in real estate transactions in fast-growing markets throughout the U.S. Click the play button below to listen to my conversation with Michael. Two years later, she took a role as a Property Accountant at SLM Realty, LLC., where she was first exposed to the real estate industry. Rod Khleif: Thats the key Michael, youve added tremendous value today. When you first started reaching out to investors and did either your first fund or your first syndication I dont know if you went straight to fund or you did a syndication or two. Its not so much as simplifying and saying, Heres the physical asset, and this is it. Theres a lot of ways that you can really get your face ripped off in this industries. But when we refinance, we will return a large portion of the capital for that investment. Yeah, and it was our second asset in Naperville. The company was founded in 2007 by real estate fund managers Michael Episcope and David Scherer to invest their own money in office buildings and apartment developments in secondary U.S. cities. We think were positioned for more growth in the future out in Naperville. Michael Episcope: Yeah. He was raised in well-settled family background. I was sort of the 35 years of age, I was the old guy in the class, which was kinda fun as well but I just believe in continuing education, learning and things like that. Horacio spoke with Michael Episcope, the co-CEO at Origin Investments. Michael Episcope: It came to fruition in 08. Phil is responsible for sourcing, structuring, and the execution of new acquisitions across the state of Texas, as well as overseeing the strategy and implementation of Origin's proprietary markets selection database. . Im not gonna do his bio or history any justice, so were gonna go right to you, Michael. Michael Episcope is Co-CEO of Origin Investments in Chicago founded in 2007. Michael Episcope: I think thats where a lot of people make the mistake, its looking at, and comparing returns to one another. We bought an asset in Naperville, Illinois. Prior to joining Origin Investments, Steve was an Analyst at Link Logistics, where he was responsible for assisting in the leasing and asset management of industrial buildings throughout the Midwest. ARTOGRAPH - Episcope Prism - projecteur de table 500W grossissement jusqu' 20 fois : 530,00 294,95 Voir l'offre: 2: Artograph 225-460 Projecteur et Agrandisseur d'art Opaque - Tracer : 150,00 127,00 Voir l'offre: 3: Artograph Prism 3D Projecteur Episcope Professionnel : 464,00 413,48 The value of continuing education Were looking more at the B, B-plus, A-minus quality assets within those submarkets. . On March 21, 2017, Michael launched his YouTube channel with the video "It's SO HARD being a WHITE person.". While growing up, she worked as a bartender, and that is how Ashley met her husband, a real estate millionaire, Michael Darby, whose empire is worth $20 million. We found Michael Sims from North Hills California. During the summer, Grace enjoys biking along Lakeshore Drive and makes the most of the big city by exploring new places, museums, parks, restaurants and festivals. She is an avid reader, traveler and concert-goer. Michael Episcope: I used to spend my summers with him, and I really. Michael Episcope: Yeah. The materials created by Michelle are essential to acquiring, nurturing, and converting leads, as well as engaging and retaining existing investors. At Origin, she is responsible for running our office smoothly and daily administrative duties that include managing calendar appointments, completing expense reports and arranging travel plans, itineraries and agendas. She received her BBA degree in Finance and Management from Florida International University. He received his Bachelor of Science Degree in Accounting from Michigan State University and a dual Master of Science in Accounting and Master of Business Administration Degree from Loyola University Chicago. She was responsible for planning, creating and distributing content, including email marketing, writing articles for the EveryDose blog, and managing the company's social media presence. But because its in fund to, we have a specifically designed strategy where we are going to sell this asset but well probably hold it, six-years versus our five-year business plan because its going well. With his co-founder David Scherer, he created Origin to provide the same caliber of service, terms, and results that were exclusive to only large . Christopher Joined Origin in September of 2022 as a Senior Accounting Associate. In his current role, Ken is responsible for the execution of asset-level strategies and business plans and oversight of development projects from the time of acquisition throughout the deal lifecycle to disposition. I know you do multifamily and office but obviously our focus is multifamily, but talk about how you get going. Students Get $20 Off $100+ Worth of Orders . Rod Khleif: Or you could get lucky on a deal and have a homerun, and youre touting that success, and it was just luck, sometimes. Rod Khleif: Its the most important parameters. Some things he enjoys in his spare time are playing golf, spending time outdoors, skiing in the winter and heading to the lake in the summertime, as well as, cheering on Marquettes basketball team. He is co-CEO, co-chairs the investment committee and oversees investor relations and capital raising. Frank McKinney: Real Estate Artist, 5-time International Bestselling Author, superhero meets Robin Hood, Philanthro-Capitalist, Ultramarathoner, Actor, and Visionary who sees opportunities and creates markets where none existed before. The most important parameter to consider for market selection Can you just give some strategy to my listeners? Victoria joined the firm in late 2021 and serves as an investor support specialist. It has a ton. Michael Episcope: No, we dont. During the unpredictable Chicago winters, she tries to stay active and has found skiing and skating in the park to be her favorite wintertime activities. Prior to joining Origin, Gina worked for some of the leading luxury hotel brands, including the Peninsula Chicago and Fairmont Grand Del Mar, San Diego. Michael is the former president of the DePaul Real Estate Alumni Alliance and a sustaining sponsor of the DePaul Real Estate Center.