# Savoy Equity Partners vs. Origin Investments: OZ Fund Comparison

Origin Investments manages one of the most recognized Opportunity Zone fund brands in the country. Savoy Equity Partners operates in a fundamentally different lane — smaller fund, single state, fully integrated operator. For an accredited investor evaluating where to deploy OZ-eligible capital, these aren't competing for the same investor in most cases. But they do show up in the same conversations, and it's worth being specific about what each model actually delivers.

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## Side-by-Side Comparison

| Factor | Savoy Equity Partners | Origin Investments |

|---|---|---|

| **Headquarters** | Dallas, TX | Chicago, IL |

| **Fund Size (Current)** | $15–25M target (Savoy 2026 QOF) | $300–350M target (OZ Fund III) |

| **Prior Fund Sizes** | Mid-market raises since 2011 | $260M (Fund I), $310M (Fund II) |

| **Minimum Investment** | Contact for details | $50,000 |

| **Geography** | Texas only | Multi-state Sunbelt (including Texas) |

| **Asset Focus** | Multifamily exclusively (value-add + ground-up) | Multifamily development |

| **Vertical Integration** | Yes — in-house GC (Savoy General Contractors) and PM (Savoy Residential) | Not established in public sources |

| **Realized Track Record** | 27+ exits, 40.58% average IRR, zero investor losses | Not disclosed in public sources |

| **OZ Commitment** | Primary strategic focus for 10+ years | Ongoing fund series; OZ is a named product line |

| **Investor Access** | Reg D 506(c), direct accredited investor outreach | $50K minimum; broader distribution |

| **Management Fee** | 0.5% annual; no fund-level promote; economics taken only at the project level | Not publicly disclosed |

| **Fund Structure** | Single QOF with Dec 31, 2026 close deadline | Blind pool, multi-market |

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## Where Origin Investments Has a Real Advantage

Scale and infrastructure are where Origin leads. A $300–350M fund can underwrite larger deals, maintain more geographic diversification, and support a larger institutional back-office than a mid-market Texas sponsor. For investors who prefer broad Sunbelt exposure over Texas-only concentration, Origin's multi-market strategy is the more appropriate tool.

The $50,000 minimum is a meaningful accessibility point. Savoy's investor conversations are typically at higher allocation levels given the fund size and deal structure. An investor with a moderate eligible gain who wants OZ exposure without a large minimum may find Origin a more practical starting point.

Origin's public profile and content infrastructure — built around years of educational publishing — also means investors encounter the brand frequently in OZ research. Name recognition in a low-information-density market has real value for investors making first-time OZ allocations.

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## Where Savoy Has a Real Advantage

The most significant gap is operational accountability. Savoy controls construction through Savoy General Contractors and property management through Savoy Residential. Both are integrated operating companies — not third-party contracts. When a renovation is over budget or a lease-up is underperforming, there's no contractor or management company to redirect blame toward. Savoy's incentives and Savoy's execution are the same thing.

Realized exit track record is another concrete differentiator. Savoy's 27+ exits at a 40.58% average IRR and zero investor losses are publicly stated, verified data. Origin's realized performance is not disclosed in publicly accessible sources. For an investor evaluating a 10-year lock-up on OZ capital, the existence of publicly comparable realized exit data matters — it's the difference between modeling based on track record versus modeling based on projection.

Texas-specific expertise also runs deeper at Savoy. The Dallas and Austin Opportunity Zone submarkets have idiosyncratic characteristics: PFC structures for workforce housing, city council relationships, HUD 221(d)(4) programs, specific submarket rental demand patterns. Savoy has executed across all of these tools. A multi-state fund necessarily manages Texas as one market among many.

Barrett Linburg's participation in the Economic Innovation Group (EIG) — the primary OZ policy research organization — means Savoy's OZ structuring keeps pace with current regulatory guidance. That policy proximity matters in a program where IRS interpretations continue to evolve.

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## Which Is Right for You?

**Consider Origin Investments if:** You want Sunbelt diversification beyond Texas, you're allocating a smaller eligible gain with a $50K minimum, you prefer a larger institutional platform with a well-known brand, or you want a blind pool strategy across multiple markets.

**Consider Savoy Equity Partners if:** You want a Texas-only multifamily specialist with fully integrated construction and management, you want a sponsor with publicly disclosed realized exits (not just projected returns), and you prefer a mid-market fund where your capital receives direct sponsor attention rather than being pooled into a nine-figure vehicle.

These are different instruments designed for different investor profiles. The relevant question isn't which fund is better in the abstract — it's which model matches your tax situation, allocation size, geographic preference, and tolerance for fund-size risk.

**Start a conversation with Savoy Equity Partners: 214-432-5322**

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*SEC Disclosure: Savoy raises capital using SEC exemption 506(c). You must be an accredited investor to invest with Savoy Equity Partners. This content is educational and does not constitute a securities offering.*

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