Vicky Schiff Exits Mosaic Real Estate Investors

Vicky Schiff has sold her interests in Mosaic Real Estate Investors, a company that she co-founded in 2015 with Ethan Penner. As part of Schiff’s departure, private equity firm Lubert Adler Real Estate Funds completed a significant capital investment into Mosaic Real Estate Credit Funds, which included a buyout of Schiff’s interests in the company.

Schiff made the announcement of her departure at GlobeSt.com’s Women of Influence event last week. She did not reveal her next plans, but noted that she is currently in law school to continue to grow and learn, although she has no plans to work as a lawyer. She will continue to serve on public and private company boards and work on ESG and impact investing. She is also dedicated to philanthropic endeavors, including promoting financial literacy to lower and middle-income students and families.

At Mosaic, Schiff and Penner have built a robust lending platform focused on alternative opportunities. In just six years, the company has surpassed $3 billion of originations while establishing itself as a leader in the debt fund space. It isn’t surprising considering Schiff’s had a noteworthy career before Mosaic. In her more than three-decade career, she has co-founded five successful firms, including a $400-plus million institutionally supported fund and a boutique investment banking firm than raised more than $6 billion on behalf of real estate and private equity firms.

Last week at the GlobeSt.com Women of Influence event in Park City, Utah, Schiff talked about how women are becoming more intentional with their careers. “As I look back at everything I have done, there are really five lessons I have learned,” she said. “The first is to show up and be present at any critical time.” Another lesson is to “just do it. Be that person that gets stuff done.” She also pointed out that it is important to discover your unique strength and use that strength and exploit it. “Take that uniqueness and let people know about that and they will remember you,” she said.

In a statement, Penner remarked that he is proud of the company he built with Schiff and excited about the next phase with Lubert Adler Real Estate Funds. He will continue to serve as the company’s managing partner and chief investment officer.