SCOTTSDALE, August 9, 2012 /PRNewswire/ – The Wolff Company announced that it has begun construction of Mosaic Apartments, a multifamily community located within the Riverpark Master Plan in Oxnard, California.
“Shovel-ready garden apartment development opportunities in strong markets with low vacancy rates and high barriers to entry markets are rare. This development is uniquely positioned with a significant portion of the typical risk mitigated,” explained Peter Wolff, VP of Development at The Wolff Company.
Mosaic will be a class-A, 100% market-rate multifamily community, built on a 20.6-acre site adjacent to the Ventura 101 freeway. The community will consist of 240 units. The Riverpark Master Plan will consist of 750,000 square feet of commercial space and 2,805 residential units in total.
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. Wolff manages institutional-quality alternative investment programs for institutional and individual investors. Contact us at 480.315.9595 or visit us online at awolff.com.
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SOURCE: The Wolff Company
For further information: Dan Johnson of The Wolff Company, 480.993.0477, email@example.com; or Denise Resnik of DRA Strategic Communications, 602.956.8834, firstname.lastname@example.org, for The Wolff Company.