Oxnard, California January 27, 2016 – The Silverfern Group, a leader in non-traditional global direct investment, today announced that it has completed the recapitalization of Tempo RiverPark Apartments, a new 235 unit Class-A apartment community located in Oxnard, California, in partnership with the developer, The Wolff Company, who retains a majority interest.
Following completion of the investment, Silverfern Managing Director Andy Isikoff said: “On behalf of our investors we are extremely pleased to have partnered with The Wolff Company in the ownership of Tempo Riverpark Apartments. The institutional quality of the asset along with its prime location within Ventura County make the property an excellent home for those who work throughout the Los Angeles to Santa Barbara corridor.”
Located along the coast of Southern California approximately 35 miles west of the Los Angeles city limits, Oxnard is the most populous city in Ventura County. Tempo is located in the RiverPark subdivision of the city which is the center for retail, arts, and entertainment for the area immediately adjacent to The Collection at Riverpark, the epicenter of retail in Ventura County anchored by Whole Foods, Target, H & M, Century Theaters and a wide selection of restaurants and bars. Additional information is available at www.temporiverpark.com
The recapitalization of Tempo RiverPark Apartments represents Silverfern’s third platform investment and fifth global investment in the past 12 months.
Todd Fogarty or Aduke Thelwell
firstname.lastname@example.org or email@example.com
+ 1 212 521 4800
Founded in 2001, Silverfern is one of the largest and most successful family office investment clubs in the world. Silverfern invests on behalf of more than 65 of the world’s largest and most sophisticated multi-billion-dollar single family offices, and has a global exclusive partnership with the Citibank Private Bank. Through its offices in New York, Amsterdam, Frankfurt and Sydney, Silverfern makes non-traditional, direct, co-control and minority investments in middle market private equity and real estate investment opportunities globally. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with non-traditional, local, investment partners on each of its investments. Silverfern is amongst the few woman-owned, truly global middle-market, multi-asset-class, investment management firms in the world today, with resources akin to those of a strategic, local investor.
Additional information is available at www.silfern.com