Mosaic Real Estate Investors Co-founder Vicky Schiff Departs Through Investment By Lubert Adler
The Californer/10147460

CALABASAS, Calif. - Californer -- MREC Management, LLC / Mosaic Real Estate Investors (Mosaic) has completed the initial phase of a significant capital investment from Lubert Adler Real Estate Funds into its managed Mosaic Real Estate Credit Funds.  As part of the transaction, Co-Founder and Managing Partner Vicky Schiff has elected to pursue other endeavors and will be departing through a buy-out of her interests in Mosaic.

Mosaic was founded in 2015 by Ethan Penner and Vicky Schiff.  Ms. Schiff will continue with her public and private company board work, ESG and impact investing and philanthropic endeavors, including promoting financial literacy to lower and middle-income students and families.  Penner will continue to serve as Mosaic's Managing Partner and Chief Investment Officer.

"Vicky and I built an amazing company together," said Penner.   "Having worked side-by-side for the past six-and-a-half years, especially through the pandemic, we executed on an innovative business strategy and are both very proud of the results and our place in the market.  I'm personally excited about the next stage of the company and Mosaic's partnership with Lubert-Adler."

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"Vicky is a highly talented business builder and one of the most admired professionals in the real estate industry," added Dean Adler.   "I have great respect for her capabilities and business acumen."

Mosaic has originated approximately $3B of senior debt, mezzanine, and preferred equity in multi-family, industrial, resort, office, and hospitality assets.

About Mosaic Real Estate Credit and Mosaic Real Estate Investors

Mosaic Real Estate Investors and its debt platform, Mosaic Real Estate Credit was founded by industry veterans Ethan Penner and Vicky Schiff. Mosaic's national platform is focused on addressing unmet needs by providing creative bridge and construction debt capital to borrowers aiming to add value to their assets through ground-up development, redevelopment and repositioning in a range of asset classes. Mosaic's investments include first mortgage loans, structured notes, mezzanine, and preferred equity structures.  Mosaic has originated approximately $3 billion in transaction volume since inception. For more information on Mosaic Real Estate Credit, please email info@mosaicrei.com or visit www.mosaicrei.com.