Sale of Monte Vista Apartments in Morgan Hill, California

SCOTTSDALE, May 8, 2014 /PRNewswire/ — The Wolff Company announced the sale of Monte Vista Apartments, the 138-unit multifamily community located in Morgan Hill, California.  Monte Vista is one of nineteen investments purchased by Wolff Real Estate Partners, L.P. and the seventh investment in the fund to be sold.

“We are extremely pleased with the performance of Monte Vista Apartments.  The property produced consistent cash flow during our ownership and the sale represented a great return to our investors.  We continue to feel that secondary markets such as Morgan Hill will provide a significant opportunity for us to be successful,” commented Jesse Wolff, Chief Investment Officer of 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, snelson@awolff.com; or Denise Resnik of DRA Strategic Communications, 602.956.8834, denise@resnikpr.com, for The Wolff Company.