Orion Real Estate Partners
Los Angeles, CA 11–50 employees 2 principals
Last updated
About Orion Real Estate Partners
Orion Real Estate Partners is a real estate operator headquartered in Los Angeles, CA. Orion Real Estate Partners operates in Austin, Texas, Denver, Colorado and Los Angeles, California (LA). Its investment focus is on Multifamily - Value-Add and Workforce Housing.
Orion Real Estate Partners LLC is a private real estate investment firm headquartered at 130 30th Street in Los Angeles, California, with regional offices in Denver and Austin. Founded in August 2017 by industry veterans Marc Venegas and Mark Limpert, the company was established through a strategic joint venture with institutional partners with the objective of acquiring approximately $1.0 billion in multifamily assets. The firm's operational focus centers on value-add multifamily properties exhibiting strong in-place cash flows across high-growth secondary and tertiary markets in the Western United States, including Colorado, Utah, Texas, Arizona, and California. Orion targets underperforming or operationally constrained assets where it can execute physical repositioning, capital improvements, and institutional management strategies to drive net operating income and long-term value. Operating with a lean team of 15 to 50 professionals, Orion has successfully closed over 20 multifamily acquisitions totaling approximately 2,500 units since inception. Notable portfolio holdings include properties such as Fielders Creek (217 units) and Maxwell Townhomes (316 units) in Colorado, alongside Remington Ranch (180 units) in Texas, with targeted portfolio metrics designed to achieve internal rates of return (IRRs) between 13% and 19% and equity multiples ranging from ~2.0× to 3.3×.