Mosaic Real Estate Investors co-founder Vicky Schiff departs through investment by Lubert Adler Real Estate Funds
MREC Management/Mosaic Real Estate Investors 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, Vicky Schiff, co-founder and managing partner 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 Schiff. 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 CIO.
Mosaic has originated approximately $3 billion of senior debt, mezzanine, and preferred equity in multifamily, industrial, resort, office, and hospitality assets.