The Wolff Company Purchases Palm Desert Property for Senior Living Apartments

Scottsdale, Arizona and Palm Desert, CA (May 30, 2018) – The Wolff Company—a Scottsdale-based private equity firm and developer—has purchased property in Palm Desert, with plans to develop a refined senior community.

The Wolff Company recently acquired the site, which is centrally located in Palm Desert along the Country Club Drive corridor with several golf clubs nearby.

Recent market projections by Concord estimate an undersupply of 1,864 independent living units in the area.

Outside of this project, The Wolff Company is developing a number of additional senior living apartment communities in California and throughout the western United States. These properties include Revel Lodi, a 142-unit community in Lodi, CA and Revel Southbay, a 185-unit community in Torrance, CA.

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington and Massachusetts. For more than six decades, Wolff has invested in, acquired and developed high-quality, amenities-based multifamily properties. For more information about The Wolff Company, visit 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.