Acquisition of Development Site in Broomfield, Colorado

SCOTTSDALE, February 12, 2014 /PRNewswire/ — The Wolff Company announced that it has purchased a 14-acre development site in Broomfield, Colorado. The proposed 360-unit development will consist of 19, three story wood frame buildings with a separate clubhouse facility and leasing office. The site benefits from its location in the Arista Master Planned Community which includes 800,000 square feet of retail and office space, the 6,000 seat 1st Bank Event Center, and various transit lines to both Downtown Denver and nearby Boulder. The property amenity package will include a mix of common areas, fitness centers and an outdoor pool.

“We continue to be very excited about the Denver market. We feel that the strong employment centers and thriving population will provide a very healthy environment for multifamily housing for years to come,” explained Tim Wolff, Head of Development and a Managing Partner of The Wolff Company.