Sale of Waterstone at Murrieta Apartments in Murrieta, California
SCOTTSDALE, September 4, 2014 /PRNewswire/ — The Wolff Company announced the sale of Waterstone at Murrieta Apartments, the 420-unit multifamily community located in Murrieta, California. Waterstone at Murrieta was purchased in a joint venture with Silverado Canyon Partners of Laguna Hills, California. It was one of nineteen investments made by Wolff Real Estate Partners, L.P. and the eighth investment in the fund to be sold.
“The sale of Waterstone at Murrieta marks the successful execution of the investment strategy we originally conceived with The Wolff Company. We completed a number of renovations and upgrades in response to the growth occurring in the market and we capitalized on those improvements,” said Mike Jara, President of Silverado Canyon Partners, Wolff’s joint-venture partner on the investment.
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, firstname.lastname@example.org; or Denise Resnik of DRA Strategic Communications, 602.956.8834, email@example.com, for The Wolff Company.