Preferred Equity Investment in 250 Piedmont in Atlanta, Georgia
SCOTTSDALE, April 30, 2014 /PRNewswire/ — The Wolff Company announced that it has made a preferred equity investment in 250 Piedmont, a multifamily development located in downtown Atlanta, Georgia. The investment was made through Wolff’s credit and preferred equity fund, Wolff Credit Partners, L.P., which had its first closing on April 23, 2014. The proposed development is sponsored by a subsidiary of DeBartolo Development, one of the largest privately-held development firms in the United States. The adaptive-reuse development sits on a 0.55 acre site and will consist of 328 multifamily units.
“This is a great opportunity for us to further our relationship with DeBartolo Development and makes a great addition to the Wolff Credit Partners, L.P. portfolio. We are excited to see the project completed and for the value it will add to the surrounding community,” said Bill Trefethen, EVP and Head of Credit at the Wolff Company.
About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.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: Stephen Nelson of The Wolff Company, 480.248.2519, firstname.lastname@example.org; or Denise Resnik of DRA Strategic Communications, 602.956.8834, email@example.com, for The Wolff Company.