Wolff Begins Construction of Mosaic Apartments

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.

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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.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

SOURCE: The Wolff Company

For further information: 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.