Corigin, a real estate and private equity company, has launched in New York.

Corigin is headed by Ryan Freedman, chairman and chief executive officer.

Corigin is the spin-off of Coalco New York, the US operation of real estate company Coalco Development.

As part of the spin-off, Corigin has assumed assets of affiliated domestic businesses and consolidated other domestic holdings to create two core divisions, Corigin Real Estate Group and Corigin Private Equity Group.

"We are extremely pleased to announce the launch of Corigin, which marks the evolution of our business," says Freedman, formerly chairman and chief executive of Coalco New York and its affiliates. "We look forward to being able to leverage additional opportunities for growth as an independent company."

Corigin Real Estate Group is a vertically-integrated builder, owner and operator of real estate. Corigin looks for value-add acquisition opportunities in commercial and residential new construction, adaptive re-use and income-producing properties. The company's core portfolio includes a significant asset base in university student housing within New York City that was developed and leased to New York University. Corigin Real Estate Group currently owns property in New York, New Jersey and Florida.

"We will continue to seek appropriate projects that make sense for expansion and complement our portfolio, both in the New York region and other markets," Freedman says. "We anticipate that Corigin will maintain a prime focus on the multi-family and luxury residential sector."

Corigin Private Equity Group specialises in diversified private equity investments that align with the changing fundamentals of an industry trend, economic cycle or specific company circumstance. Corigin's team of market strategists and economic professionals identify global macroeconomic themes to adapt investment strategies to long-term market views. Corigin Private Equity Group currently holds interests in companies across the construction, beverage, transportation and commercial trade finance industries.