GoldOller in the news

GOLDOLLER, A PHILADELPHIA BASED REAL ESTATE INVESTMENT FIRM, FORMS A NEW INVESTMENT FUND The new fund, focused on the U.S. multi-family real estate market, has just announced three acquisitions: Eagle Pointe Apartments in Indianapolis, Indiana Tar River Estates in Greenville, North Carolina Wilson Acres Apartments in Greenville, North Carolina Philadelphia, June 3, 2010. GoldOller Real Estate Investments, announced today that it formed a private investment fund to acquire market rate apartment communities and fractured condominiums throughout the United States. GoldOller Apartment Fund proceeds were recently used to acquire three apartment communities consisting of more than 600 units: Eagle Pointe Apartments in Indianapolis, Indiana, Tar River Estates in Greenville, North Carolina and Wilson Acres Apartments, in Greenville, North Carolina. “We are very excited about our fund’s first three acquisitions and our growing pipe-line of additional investment opportunities”, said Jake Hollinger, Sr. Vice President and Director of Acquisitions. According to Hollinger, the GoldOller fund has the ability to close on projects from 10 to 100 Million very quickly and with cash. “We are seeking current and consistent cash flow and targeting well performing assets in undervalued markets throughout the United States. We will also consider opportunities to enhance value through aggressive management strategies.” Hollinger said. GoldOller principals, Jeff Goldstein and Richard Oller, each have a 30 year proven track record of successful multifamily investing and management. Oller was the founder and CEO of the Wentworth Group, one of the nation’s largest residential management firms which he sold to a public company. Goldstein is the founder and CEO of Multifamily Management Services and its affiliates, which currently manages a portfolio of about 30,000 apartments ranging from affordable housing to luxury apartments, condominiums and cooperatives.

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