The Wolff Company Names Tom Podgorski CIO of Perpetual Real Estate Partners, L.P.

SCOTTSDALE, April 3, 2012 /PRNewswire/ – Following a nationwide search, The Wolff Company today announced that Tom Podgorski, CFA has been selected as the Chief Investment Officer (“CIO”) of Perpetual Real Estate Partners, L.P.

Mr. Podgorski brings a wealth of knowledge and 29 years of experience to this key position.  Tom came to The Wolff Company from Capmark Finance.  He was previously an Executive Vice President and founder of CBRE Realty Finance (“CBF”), where he was responsible for approximately $2 billion of annual fixed income investment production.  Tom was a member of the investment committee and the management team which took the company public.  Prior to CBF, he was with CIGNA Real Estate Investors for 22 years.  He was a Managing Director and Head of CMBS lending and had several years of experience in equity asset management and valuation for properties in CIGNA’s open-end separate account.  Tom is a graduate of Western New England College, is a Chartered Financial Analyst and is a member of the Commercial Mortgage Securities Association.

“Mr. Podgorski brings to bear precisely the experience needed to grow and manage the partnership’s portfolio and to serve our growing partner base,” said Fritz H. Wolff, CEO of The Wolff Company.

“I look forward as Perpetual Real Estate Partners, L.P. CIO to proactively implementing the Partnership’s objectives and building the portfolio over the long-term. I appreciate the confidence and trust that The Wolff Company and its limited partner base have placed in me.”

About The Wolff Company

The Wolff Company is a real estate private equity firm that focuses on multifamily assets. With more than 60 years of operating experience, Wolff has delivered outsized returns through eight major market cycles. Contact us at 480.315.9595 or visit us online at www.awolff.com.

Source: The Wolff Company

For further information contact: Dan Johnson of The Wolff Company, 480.993.0477, djohnson@awolff.com; or Denise Resnik of DRA Strategic Communications, 602.956.8834, denise@resnikpr.com, for The Wolff Company.

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