News

AWARDS

2017

NAHB PILLARS OF THE INDUSTRY AWARDS

2017 BEST MIXED-USE COMMUNITY FINALIST
  • Pike Motorworks
2017 BEST GARDEN APARTMENT COMMUNITY FINALIST (4 Stories or Less)
  • Gunbarrel Center
2017 BEST OVERALL LEASING CAMPAIGN FINALIST (Multifamily Community)
  • OLiVE DTLA

NAHB BEST IN AMERICAN LIVING MULTIFAMILY AWARDS (BALA)

2017 BEST DEVELOPMENT FOR RENT – (Up to 4 Stories)
  • Gunbarrel Center

MULTIFAMILY EXECUTIVE AWARDS (MFE)

2017 BEST GARDEN-STYLE WALK-UP – (1-4 Stories)
  • Gunbarrel Center

NAHB GOLD NUGGET AWARDS

2017 AWARD OF MERIT – Mixed Use Project
  • Venn at Main
2017 AWARD OF MERIT – Best Multifamily Housing Community (18-30 du/acre)
  • Gunbarrel Center

ACG BUILD WASHINGTON AWARDS

2017 CONSTRUCTION EXCELLENCE AWARD – Private Building $50M-$100M
  • Venn at Main

2016

BEST IN AMERICAN LIVING – PROFESSIONAL BUILDER

2016 PLATINUM AWARD – Best Rental Development up to Four Stories
  • Capitol Yards

AMERICAN SOCIETY OF INTERIOR DESIGNERS (ASID)

2016 DESIGN EXCELLENCE AWARD WINNERS
  • Capitol Yards
  • Katella Grand

NAIOP WASHINGTON – NIGHT OF THE STARS

2016 MIXED USE DEVELOPMENT OF THE YEAR WINNER
  • Pike Motorworks
2016 MIXED USE DEVELOPMENT OF THE YEAR FINALIST
  • 8th & Republican
 2016 MULTIFAMILY DEVELOPMENT OF THE YEAR FINALIST
  • Venn at Main

NAHB GOLD NUGGET

2016 AWARD OF MERIT HONOREE – Best Multifamily Housing Community
  • 4730 California

NORTH BAY BUSINESS JOURNAL

TOP REAL ESTATE PROJECTS – Multifamily, Sonoma County
  • Annadel

2014

NAIOP WASHINGTON – NIGHT OF THE STARS

2014 MID-RISE MULTIFAMILY DEVELOPMENT OF THE YEAR WINNER
  • Sunset Electric

The Wolff Company Takes Home Two Gold Nugget Awards

SCOTTSDALE, Arizona – June 30, 2017 – Judges for the 2017 Gold Nugget Awards have named two developments from The Wolff Company, a Scottsdale-based private equity real estate firm, as Award of Merit honorees at their annual competition. The event recognizes architectural design and planning excellence and draws entries from throughout the United States and internationally. Award winners were announced on June 29 as a feature highlight of PCBC®, the nation’s largest regional conference and trade show for the real estate development field.

  • Gunbarrel Center, a garden-style community in Boulder, Colorado, earned an Award of Merit in the Best Multifamily Housing Community (18-30 du/acre) category.
  • Venn at Main, a podium development in Bellevue, Washington, earned an Award of Merit in the Mixed Use Project category.

“Gold Nugget Award winners and honorees reflect our industry’s best, brightest and most innovative architects, planners and builder/developers,” said Judging Chairman and Gold Nugget ceremonies administrator Lisa Parrish. “We applaud them all, and were thrilled to recognize them on June 29 with a celebration of Merit and Grand Award winners.”

Now in it’s 54th year, GNA is the largest and most prestigious competition of its kind in the nation. It honors design and planning achievements in community and home design, green-built housing, site planning, commercial, retail, mixed-use development and specialty housing categories. Winners this year were chosen from 630 entries from around the world.

 

About The Wolff Company

Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Revel Announces Market-Leading Dining Experiences, Wellness Services and Amenities

HENDERSON, Nevada – May 15, 2017 – Revel Nevada, a new, refined senior community, announces plans to offer innovative dining experiences, best-in-class amenities and unsurpassed wellness services when it opens later this year.

Revel is partnering with Sodexo, world leader in Quality of Life services, and acclaimed chef and Food Network star, Beau MacMillan to offer an unparalleled dining program. Residents will be able to choose from innovative seasonal menus in the modern-American restaurant and classic favorites with a twist in the pub. In addition to inspired dishes and exceptional service, Revel will also have a liquor license so residents can unwind with their favorite drink after an active day. Both the restaurant and the pub can be enjoyed as part of an inclusive monthly meal plan. For the ultimate in flexibility, residents can also choose when and where they want to eat. Whether that’s in their apartment, in either of the restaurants, or even in a private dining room.

Before or after a good meal, residents can take part in maintaining an active and healthy lifestyle, which is an integral part of being a resident at Revel. The community will offer a dual-zoned fitness center with a Zen Zone designed for low impact exercise and an Active Zone focusing on cardio and strength training. Other wellness-oriented amenities include a full-service salon, a relaxing spa and a heated saltwater pool and spa.

Revel is being developed by The Wolff Company and will offer 146 one- and two-bedroom independent living residences. In addition to groundbreaking dining and wellness services, the community will feature strikingly sophisticated amenity spaces include resort-style outdoor living areas, an arts studio, a multi-purpose room and a grand living room for interacting with friends, family and neighbors. Through ISL’s award-winning Vibrant Life® program, residents can experience an expanded active lifestyle with projects and activities that contribute to their overall health and well-being.

The Revel preleasing office is located at 43 S Stephanie Street, Suite 140 in Henderson and is open 7 days a week from 9 am to 6 pm. For more information, visit revelnevada.com or call (702) 564-6000.
About Revel
Located in Henderson, NV Revel is scheduled to open later in 2017. It will provide the finest in independent living for residents over 55 and older in the area. It is operated by Integral Senior Living, which manages senior living communities. ISL is founded on a care philosophy that fosters dignity and respect for residents and promotes their independence and individuality. For more information visit http://www.revelnevada.com.

About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

About Sodexo
Sodexo delivers more than 100 services across North America that enhance organizational performance, contribute to local communities and improve quality of life. The Fortune Global 500 company is a leader in delivering sustainable, integrated facilities management and foodservice operations.

Bernards Announces Completion of Multifamily Project, G12

Like its Recently Completed Sister Development OLiVE DTLA, G12 Brings New Apartments and Retail Options to Fast-Evolving, Vibrant South Park Community

LOS ANGELES, California – April 20, 2017 – Bernards, a leading commercial builder in Los Angeles, has completed the construction of G12, located at 1200 S. Grand Avenue, a major multifamily project in downtown Los Angeles’ increasingly popular South Park district.

Bernards was selected to build G12 based on the company’s track record as a specialist in successful mixed-use apartment and condominium projects. Vibrant South Park has become a magnet for young, millennial professionals. The evolving entertainment and tourist area includes attractions such as the LA Convention Center, Seventh Street Restaurant Row, the Grammy Museum, the vibrant L.A. Live entertainment complex, and Staples Center, home to the Los Angeles Lakers, Kings and Clippers¬.

G12 is adjacent to OLiVE DTLA, a “sister” project recently completed by Bernards for the same developer, The Wolff Company. TCA Architects designed both communities. “These two important development projects are vital in helping to meet the urgent need for additional housing in downtown Los Angeles,” said Carl Vizcarra, Project Executive with Bernards. “Every Bernards employee shares in the excitement of playing a role in the “building boom” that is transforming Downtown LA,” he added.

The seven-story, more than 456,000-square- foot, mixed-use G12 complex comprises 347 units and 19,000 square feet of ground floor retail and amenity space. Apartments range from studios and lofts to one- and two-bedroom units, built over two levels of subterranean parking. Interior finishes are superior in quality, on-trend and designed to set G12 apart. Across the alley to the east is OLiVE DTLA, a seven-story, mixed-use complex with 293 apartment units, 7,000 square feet of amenity space for residents, and approximately 17,300 square feet of ground floor retail.

Bernards, established more than 40 years ago, is one of the most active construction firms in the resurgence of Southern California’s multifamily development. The company is currently constructing Park Fifth, a seven-story project by MacFarlane Partners, which includes 313 apartments and 7,000 square feet of retail. Bernards’ landmark mixed-use projects include:
• The award-winning One Santa Fe, a $110-million transit-oriented, mixed-use project with 438 apartments and 78,000 square feet of office and retail space in the Downtown LA Arts District;
• Wilshire LA Brea, which consists of 480-unit luxury apartments and ground-level retail;
• The Camden, is $76-million development with 287 residential units and retail and office space at Selma and Vine in Hollywood;
• Camden Glendale, a seven-story, millennial project with 303 apartments, 16 live-work units and six retail spaces in Glendale;
• Playa Del Oro West, a $67-million project with 260 apartments and 5,000 square feet of retail in Playa del Rey; and
• The award-winning 8500, an ultra-luxury, contemporary project with 88 rental units and 14,000 square feet of ground-level retail at 8500 Burton at the gateway to Beverly Hills.

 

About Bernards
Founded in 1974, Bernards is a nationally ranked, multidisciplinary commercial builder that provides technical expertise and professional services to a wide variety of private and public sector clients. Areas of expertise include comprehensive preconstruction, general contracting and construction management services, each of which integrate sustainable building practices and are supported by Bernards advanced technological tools. The company’s project experience includes healthcare facilities, mixed-use/multi-family residential complexes, detention projects, sports and entertainment venues and a variety of educational and civic facilities. Bernards maintains a continual focus on safety, quality, sustainability, diversity and community involvement. Headquartered in Los Angeles, Bernards also has four regional offices throughout California and employs more than 250 professionals, many of them LEED® accredited. For more information, visit www.bernards.com.

 

About The Wolff Company

Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

OLiVE DTLA Launches Artist-In-Residence Search

Selected Artist to Receive Rent-Free Loft Apartment during Six-Month Residency

LOS ANGELES, California – March 10, 2017 – OLiVE DTLA, a newly developed, art-inspired leasing community in Downtown Los Angeles (1243 S. Olive Street), announced today the launch of the OLiVE DTLA Artist-in-Residence Project (AiR), a first-of-its-kind program for a Los Angeles-area apartment building. OLiVE and a panel of art industry experts, begin their search today for a painter, muralist, mixed media, or graphic artist who will receive a six-month residency, which includes: a brand new two-story loft apartment with free rent during the residency; interior and public-facing exterior wall opportunities to feature artwork; monthly showcase exhibits in communal spaces; and up to $2,000 per month in art supplies.

“The OLiVE DTLA Artist-in-Residence Project is an opportunity for us to further celebrate and contribute to the vibrancy of the DTLA art scene,” said Matt Perrin, Executive VP of Asset Management at The Wolff Company, developers of OLiVE. “The culture of DTLA is defined, in large part, by the extraordinary art you see in public spaces and on the exterior walls of buildings across the city. We’ve embraced this from the beginning at OLiVE, with many of our walls featuring commissioned work from celebrated local artists like David Flores, Hauser and Dave Kinsey.”

Partnering with OLiVE for the search is Street Art House, an experiential event producer that creates curated experiences, mural commissions and content, showcasing the works of artists from around the world.

“We’re excited to join OLiVE DTLA Artist-in-Residence Project as a curation partner,” shared Justin Fredericks, Co-founder of Street Art House. “Our collaboration reflects a shared vision of supporting and showcasing artists, in public and private spaces. The building’s beautiful interior and exterior architecture – including the airy loft – provides a great canvas for participating artists and a ‘living gallery’ for residents and visitors.”

Artists interested in applying to become the AiR can submit an application at OLiVEDTLAair.com. Deadline for submissions is April 7, 2017. Three finalists will be announced on April 17, 2017, with each artist showcased in a short documentary film and featured prominently online and at OLiVE in its common spaces.

The winning artist will be named on May 18, 2017, at the OLiVE DTLA AiR Show. The event will feature portfolio pieces from each of the three finalists, including art made specifically for the project. The OLiVE DTLA AiR Show will also activate the community’s array of amenity spaces, including its pool and spa area, rooftop sun decks, clubhouse and expansive mezzanine courtyard.

Please visit OLiVEDTLAair.com for more information.

 
About OLiVE DTLA
OLiVE DTLA is a brand-new apartment community located at the corner of Olive and Pico in the South Park district of downtown LA. Developed by The Wolff Company, a Scottsdale-based private equity real estate firm, it is a 293-unit mixed-use, 7-story podium building comprised of approximately 17,300 square feet of ground-floor retail and 7,000 square feet of amenity space. The building features large scale murals and sculptural art from celebrated local artists and includes amenities such as a mezzanine-level pool, edgy lounge spaces and multiple sun decks. OLiVE DTLA opened for leasing in November, 2016.

 

About The Wolff Company

Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Preleasing Begins at Revel, a Refined Senior Living Community

Showroom Gives Glimpse at Future of Senior Living

HENDERSON, Nevada – February 17, 2017 – Preleasing has started at Revel Nevada, a highly anticipated senior living community with market-leading amenities and wellness services. The preleasing office, located at Stephanie Beltway Plaza, has been transformed into a showroom that includes a full-scale kitchen and stylish lounge spaces with the same quality finishes that can be expected at Revel when it opens later this year. Future residents will have the opportunity to preview the floor plans, learn more about the services and amenities, and be among the first to reserve their new home.

“We are excited to welcome guests into the new preleasing office for a glimpse at the quality level and attention-to-detail that they can expect at Revel,” said Rob Kravitz, Executive Director at Revel Nevada. “The first 25 residents to reserve their home will also become part of the Revel Charter Club, which will offer a host of perks such as an exclusive dinner party hosted by our Executive Chef, Beau MacMillan.”

Revel is being developed by The Wolff Company and will offer 146 one- and two-bedroom independent living residences. The groundbreaking community will feature best-in-class wellness services and strikingly sophisticated amenity spaces such as a fitness and yoga studio, a full-service salon, a relaxing spa, an arts studio and multi-purpose rooms for interacting with friends, family and neighbors. The heated saltwater pool and spa anchor resort-quality outdoor living areas. Revel will offer unparalleled dining experiences in partnership with Sodexo, world leader in Quality of Life services, and acclaimed chef and Food Network star, Beau MacMillan. Residents can choose from innovative seasonal menus in the modern-American restaurant and classic favorites with a twist in the pub. Through ISL’s award-winning Vibrant Life® program, seniors can experience an expanded active lifestyle with projects and activities that contribute to their overall health and well-being.

The Revel preleasing office is located at 43 S Stephanie Street, Suite 140 in Henderson and is open 7 days a week from 9 am to 6 pm. For more information, visit revelnevada.com or call (702) 564-6000.

 

About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

About Sodexho
Sodexo delivers more than 100 services across North America that enhance organizational performance, contribute to local communities and improve quality of life. The Fortune Global 500 company is a leader in delivering sustainable, integrated facilities management and foodservice operations.
Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended. This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance. A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

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Pike Motorworks Takes Home NAIOP Night of the Stars Award

November 16, 2016 – Pike Motorworks, a Weber Thompson project, earned the NAIOP Night of the Stars award for Mixed-Use Development of the Year.

Pike Motorworks is a 243-unit mixed-use residential project in Seattle’s Capitol Hill neighborhood that was developed by The Wolff Company. A large driver for this urban infill project was pulling the lobby, office use, and retail into the center of the site, and running cross-block connectors into a central courtyard. The project is split into a north building, which features hip, auto-inspired interiors, and a south building, which contains modern, high-end finishes and appliances. Weber Thompson provided architecture and interior design services on the project. Exxel Pacific was the contractor, Hewitt was the landscape architect, and Graham Baba was the consulting/retail architect.

Winning Night of the Stars projects were judged by a panel of real estate professionals and were evaluated based on impact on the community, market adaptability, ingenuity and local contributions. NAIOP Washington State is a trade association for developers, owners and investors in the industrial, office and related commercial real estate industries. The chapter, founded in 1976, is the fifth-largest and one of the fastest growing chapters nationally.

Other team members for Pike Motorworks include: Patrinely Group; Gibraltar; Magnusson Klemencic Associates; Bush, Roed & Hitchings, Inc; Coughlin Porter Lundeen; Hart Crowser; Ecotope; The Transpo Group; Travis Fitzmaurice; Ground Support; SSA Acoustics; O’Brien & Co; Morrison Hershfield; and Turnstyle Studio.

To learn more about the design of Pike Motorworks, please visit: www.pikemotorworks.com

To learn more and view all the winners, please visit: http://bit.ly/2eg2MRO

 


 

About Weber Thompson Seattle-based Weber Thompson is a full service, West coast design firm specializing in architecture, interior design, landscape architecture and community/urban design. This award winning company has a staff of 70 design and construction professionals, housed in the celebrated Terry Thomas, a LEED NC Gold certified office building in South Lake Union. Since 1988, Weber Thompson has developed a diverse practice with projects that include high-rises, high-density urban infill, residential, commercial office, hospitality, and affordable housing projects. Weber Thompson seeks effective results through a thoughtful and collaborative design process. For more information go to www.weberthompson.com or contact Weber Thompson at (206) 344-5700 or info@weberthompson.com.
About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

 

Groundbreaking Development Planned for Popular Carson Intersection

CARSON, California – October 27, 2016 – The Wolff Company has announced plans to develop a groundbreaking mixed-use multifamily project at a prominent intersection in downtown Carson called the Union South Bay. The proposed 4- and 5-story wrap-style buildings will include 357 residential units as well as more than 30,000 square feet of retail space fronting Carson St. and Avalon Blvd.

“We’re happy to welcome The Wolff Company to Carson, and believe the Union South Bay development will be a vibrant addition to our city,” said Carson Mayor Albert Robles. “The population of Carson is growing and the addition of this premium rental housing will help to meet the area’s demand.”

The development will complement the Southern California lifestyle with planned amenities that include a fitness center, pool and spa, community lounge, rooftop courtyard, dog park and bike areas. Located in a prime spot directly across from Carson City Hall and rear the Carson Civic Center and South Bay Pavilion Mall, the Union South Bay will offer easy access to the 405 and 110 freeways for convenient commutes in and around Los Angeles County.

“Residents at the Union South Bay will have a front row seat to the best of the South Bay area,” said Nate Carlson, Vice President of Development for The Wolff Company. “Its location across from city landmarks and less than a mile from Carson’s dining, shopping and entertainment centers are unparalleled.”

The Union South Bay is scheduled to begin pre-leasing in late 2018. The Wolff Company will be joining the City of Carson in a groundbreaking ceremony for the development on November 3rd.  Members of the media and the local community are invited to join in the ceremony and learn more about the property.

 

About The Wolff Company

Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

The Wolff Company Purchases Senior Living Apartments in Wilsonville, OR

SCOTTSDALE, Ariz., August 19, 2016 – The Wolff Company is pleased to announce the purchase of Portera at the Grove, a 112-unit, 55 and older, age-restricted community located in Wilsonville, OR. The Class A, podium-style property is within The Grove, a new master-planned development just outside of Portland, and offers market-leading amenities and apartment finishes.

Completed in 2015, Portera offers 15 floor plans with an average size of over 1,200 square feet. The apartments feature best-in-class finishes including stylish kitchens with tile backsplashes and quartz countertops, vaulted ceilings, balconies and electric fireplaces. Attached and detached garages are also available. The unparalleled amenity package at Portera includes a fully-equipped fitness center, a sky deck with an outdoor kitchen, a bocce ball court and putting green, a community garden, a library, a theater room, a card room with poker and bridge tables, billiards, a hobby room and more. An inspired community lounge offers residents a chic space to relax and entertain with a fireplace and demonstration kitchen.

“This property offers market-leading community amenities and interior finishes,” said Matt Perrin, Executive VP of Asset Management at The Wolff Company, a Scottsdale-based private equity firm. “We are proud to add this to our portfolio of outstanding senior living communities, which includes several new independent living developments.”

 

About The Wolff Company

Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

 

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

CBRE Facilitates Sale of Trail Creek Apartments to The Wolff Company

SCOTTSDALE, Ariz., June 7, 2016 – The Wolff Company is pleased to announce the purchase of Trail Creek Apartments (“Trail Creek”), a 300-unit, Class A community located in Hampton, VA. CBRE, Inc. facilitated the sales of Trail Creek to the Scottsdale-based private equity firm from Preferred Apartment Communities.

Built in two phases in 2006 and 2012, the Property is in proximity to many retail stores, restaurants and employment opportunities, including Langley Air Force Base, Sentara CarePlex Hospital, Naval Station at Norfolk and multiple universities.

Trail Creek offers spacious two and three level floor plans with nine-foot ceilings and refined finishes in each unit. Community amenities include dual resort-style pools, a fitness center with an upscale clubhouse, abundant green space with a pristine natural setting, garages, and gated access.

“This Property stands out in the Hampton Roads market due to the scarcity of new product and the all townhome-style community,” said Andy Boyer, Executive Vice President, CBRE. “The Property has a combination of strong revenue trends, stable occupancy, and superior amenity package, providing an ideal investment to the Purchaser.”

About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Any release contained herein should not be construed as a solicitation and no solicitation is hereby made or intended.  This release may contain forward-looking statements that are based on management’s current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. Forward looking statements can be identified by the use of words such as “believe,” “expect,” “plan,” “estimate,” “project,” “target,” “anticipate,” “intend,” “may”, “will,” “continue,” and other words of similar meaning in connection with a discussion of future operating or financial performance.  A number of important factors could cause actual investment results to differ materially from the forward-looking statements that may be contained in this release. Forward-looking statements in this release speak only as of the date on which such statements were made, and management undertakes no obligation to update any such statement or statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.