Wolff Acquires 800J Lofts in Downtown Sacramento

Wolff Acquires 800J Lofts in Downtown Sacramento

SCOTTSDALE, January 21, 2015 — The Wolff Company announced the acquisition of 800J Lofts, a popular loft-style apartment community in Sacramento, California.  Located at the corner of 8th and J Streets in the heart of Downtown Sacramento, the property is within three blocks from the State Capitol Building and just two blocks from the Sacramento Entertainment and Sports Center (“SESC”), the future home of the Sacramento Kings.

The loft-style studios, one- and two-bedroom floor plans feature floor-to-ceiling windows, granite countertops, stainless steel appliances, washers and dryers, and bamboo plank flooring. Amenities include two courtyards, an on-site courtesy patrol, a media room, controlled access parking and a 24-hour fitness center. The Wolff Company has plans to renovate and redesign the buildings common spaces to further increase the amenity package. The property also includes approximately 19,478 square feet of ground floor retail space in addition to a 292-space parking garage.

“The number of Sacramento residents is projected to grow as exciting new business and developments enter the downtown market over the next few years,” said Fritz H. Wolff, CEO of The Wolff Company. “800J’s mix of well-designed units and an ideal location will make this a valuable asset in our Northern California portfolio.”

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: Amber Huntley-Ruiz of The Wolff Company, 480.760-2224, aruiz@awolff.com.