Preferred Equity Investment in Jefferson Heights in Houston, Texas
SCOTTSDALE, June 13, 2014 /PRNewswire/ — The Wolff Company announced that it has made a preferred equity investment in Jefferson Heights, a multifamily development located in Houston, Texas. The proposed Class-A community will include 198 luxury units ranging from 607 to 1,253 square feet. 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 project is sponsored by TDI, who has a long history of successfully developing multifamily communities and currently has over 3,000 units under construction in Texas, New York and Arizona.
Bill Trefethen, Head of Credit at The Wolff Company commented, “Jefferson Heights is a great addition to the growing Wolff Credit Partners, L.P. portfolio. The upscale community is well located in a strong submarket and we are excited for the opportunity to work closely with TDI during the development process.”
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.
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SOURCE: The Wolff Company
For further information: Stephen Nelson of The Wolff Company, 480.248.2519, email@example.com; or Denise Resnik of DRA Strategic Communications, 602.956.8834, firstname.lastname@example.org, for The Wolff Company.