Representative Transactions
Since its formation in 2002, ORC has invested in excess of $300 million of equity capital, representing over $1.3 billion of real estate asset value. ORC has exceeded projected returns on nearly all of its exited transactions, posting a weighted average partnership-level return of more than 20%.
Representative transactions closed by ORC include the following:
The Atlantica, Revere (Boston), MA - $4 million preferred equity investment in the construction of an 82 unit condominium project (sold).
City Heights, San Jose, CA - $12 million participating equity investment in the construction of a 124 unit condominium project.
Clarendon Metro, Arlington, VA (Washington, DC) - $9.5 million participating equity investment in the construction of a 415 unit luxury apartment project (sold to a condominium converter).
Culbreath Key, Tampa, FL - $6.6 million participating equity investment in the condominium conversion of a 254 unit apartment property (100% sold out).
Diamond Ridge, North Richland Hills (Dallas), TX - $3.3 million participating equity investment in the acquisition and renovation of a 256 unit apartment property (sold).
Emerald Dunes, West Palm Beach, FL - $10.2 million participating equity investment in the construction of a 486 unit apartment project (sold).
Four Seasons, Houston, TX - $3.6 million participating equity investment in the condominium conversion of 50 luxury apartment units on the top five floors of a thirty-story hotel (100% sold out).
Ironhorse at Tramonto, Phoenix, AZ - $5 million participating equity investment in the construction of a 324 unit apartment project (sold).
Legato, Fairfax, VA (Washington, DC) - $12 million participating equity investment in the construction of a 594 unit apartment and condominium project (sold).
Manor at Buckhead, Atlanta, GA - $13.5 million participating equity investment in the condominium conversion of a 301 unit apartment property.
Milago, Austin, TX - $10 million participating equity investment in the construction of a 250 unit condominium project (100% sold out).
Rockwood at The Cascades, Sylmar (Los Angeles), CA - $8.3 million participating equity investment in the construction of a 223 unit apartment project.
The Signature, Scottsdale (Phoenix), AZ - $7.6 million participating equity investment in the condominium conversion of a 268 unit apartment property (100% sold out).
Syrah at Natomas, Sacramento, CA - $6.3 million participating equity investment in the construction of a 245 unit condominium project (100% sold out).
The Tides, Richmond (San Francisco), CA - $6.5 million participating equity investment in the construction of a 200 unit apartment project (sold).
Toscano, Miami, FL - $16.6 million participating equity investment in the construction of a 402 unit luxury condominium project.
Villas at Coronado, Houston, TX - $5.1 million participating equity investment in the construction of a 344 unit apartment project (sold).
