Toulon Apartments MS, LLC was registered in Delaware in 2022. Tax records and deeds for the golf course property list the Owner’s address as 4706 18th Ave Brooklyn, NY; which is a storefront address for multiple LLC registrations, including Read Property Group LLC.
At the December annual meeting of Royal Oak Community Alliance,* the ROCA Chair reported having met with the new owner of the golf course and being shown a conceptual plan that reflected a redevelopment density of “600 units” of high density multi-family apartments mixed with single family.
When asked, the ROCA Chair identified the new owner as Aaron Klein. Aaron Klein is listed as a Property Manager at Read Property Group. The actual owner of the golf course appears to be the Read Property Group’s President, Robert Wolf.
Read Property Group (RPG) is a privately held real estate development company. As of 2013 it was 100% owned by Robert Wolf of New York City, who was “focused heavily on Multi Family properties”.
RPG was a sponsor for the 2022 Multi Family Owners Summit which described them as “a real estate investment firm providing equity and joint venture capital for multi-family deals” and ” As President of RPG, Robert [Wolf] takes a leading role in all the company’s projects and investments. From complex rezoning and ground-up construction to repositioning of existing properties, Robert’s vision is the guiding force behind every transaction.” 2022 MFO National Summit
In 2013, in documentation regarding Jasmine Cay Apartments, Naples; RPG represented that its Florida residential holdings (by unit count) consisted of 66% at market price with the remainder subsidized by Low Income Housing Tax Credits.(LIHTC)
The largest subsidized RPG holding in Florida (2013) was the 235 units at Villas of Capri, Naples. https://affordablehousingonline.com/housing-search/Florida/Naples/The-Villas-of-Capri-Apartments/10026352
The actual location of RPG offices appear to be in Lakewood, NJ. Their website readprop.com requires an access code. We believe their phone number to be: 718-972-7878