Origami Capital Partners acquires three real estate mortgage notes in partnership with Timberline Real Estate Partners
Chicago, IL, September 23, 2020 – Origami Capital Partners, a private equity firm that invests in complex special situations across asset classes, acquired an interest in three real estate mortgage notes from an undisclosed seller. The assets securing the notes include an Austin, Texas boutique hotel, an Orlando, Florida logistics development site, and a Honolulu, Hawaii hospitality development project. Origami will work with the existing owners of the properties to inject additional capital and manage through the disruption brought by COVID-19.
“This transaction showcases Origami’s flexible investment model that builds value for our investors and our operating partners,” said Julie Klaff. “Origami’s strategy focuses on preserving and generating value in times of uncertainty.”
Origami’s joint venture real estate partner, Timberline Real Estate Partners, will manage the portfolio. Timberline, based in Austin, Texas, is an experienced investor and developer of hospitality and mixed-use real estate properties. Stan Nix, Managing Partner of Timberline, will lead the day-to-day management of the portfolio.
Added Stan, “we are excited to partner with Origami Capital on another compelling opportunity to generate value over the long-term. Despite the uncertainty COVID-19 has brought to the market, we and Origami embraced the risk of investing during a pandemic and closed on an expedited timeline to meet the seller’s goals.”
The acquisition represents the fourth transaction in Origami Capital’s Fund IV, which held its final close in March 2020 at $521 million.
About Origami Capital Partners
Founded in 2008, Origami Capital Partners manages private capital that offers structured, creative approaches to complex challenges. Origami’s extensive experience navigating complicated situations helps to solve capital structure, liquidity, and follow-on capital issues for its deal partners. Origami evaluates and invests across asset classes and sectors, including real estate, credit, technology, and financial services. Headquartered in Chicago, Illinois the firm manages committed institutional capital and is a registered SEC investment advisor.