News

AWARDS

2019

NAIOP SOUTHERN NEVADA SPOTLIGHT AWARDS

2019 MERIT AWARD – Mixed Use Development
•  Fremont9

NAHB BEST OF 55+ HOUSING AWARDS

2019 GOLD AWARD – Best Independent Living Community
•  Province Springs

2019 SILVER AWARD – Best Independent Living Community
•  Revel Nevada

2019 SILVER AWARD – Best Lifestyle Program
•  Province Springs

2018

THE OLYMPIAN BEST OF SOUTH SOUND

2018 WINNER – Best Retirement Home/Community
•  Revel Lacey

MAYOR’S URBAN DESIGN AWARDS

2018 WINNER – Buildings & Environment
•  Fremont9

NAHB BEST IN AMERICAN LIVING AWARDS

2018 GOLD AWARD – Best Multifamily Development (4-7 Stories)
•  G12

NAHB MULTIFAMILY PILLARS OF THE INDUSTRY AWARDS

2018 WINNER – Best Mid-Rise Apartment Community
•  G12

2018 FINALIST – Best 55+ Multifamily Development
•  Revel Nevada

SENIOR HOUSING NEWS ARCHITECTURE AWARDS

2018 NOMINEES – Best Independent Living
•  Revel Nevada
•  Revel Lacey
•  Province Springs

AIA SEATTLE HONOR AWARDS

2018 HONORABLE MENTION
•  8th & Republican

GOLD NUGGET AWARDS

2018 AWARD OF MERIT– Best Multifamily Housing Community (15-30 du/acre category)
•  Annadel

MULTIFAMILY EXECUTIVE AWARDS (MFE)

2018 BEST MARKETING & ADVERTISING
•  OLiVE DTLA

2017

NAHB PILLARS OF THE INDUSTRY AWARDS

2017 WINNER – Best Mixed-Use Community
•  Pike Motorworks

2017 WINNER – Best Overall Marketing Campaign
•  OLiVE DTLA

2017 FINALIST –  Best Garden Apartment Community  (4 Stories or Less)
•  Gunbarrel Center

NAHB BEST IN AMERICAN LIVING MULTIFAMILY AWARDS (BALA)

2017  SILVER AWARD – 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

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

WASHINGTON AMERICAN SOCIETY OF LANDSCAPE ARCHITECTS PROFESSIONAL AWARDS

2016 HONOR AWARD – Residential Design Multi-Family
•  8th & Republican

NAIOP WASHINGTON – NIGHT OF THE STARS

2016 WINNER – Mixed Use Development of the Year
•  Pike Motorworks

2016 FINALIST – Mixed Use Development of the Year
•  8th & Republican

2016 FINALIST – Multifamily Development of the Year
•  Venn at Main

GOLD NUGGET AWARDS

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 WINNER – Mid-Rise Multifamily Development of the Year
•  Sunset Electric

The Wolff Company Launches Senior Resident Experience Company

Firm will continue partnership with Clearwater Living and seek to co-locate future developments

Scottsdale, Arizona (January 29, 2019) – The Wolff Company, a Scottsdale-based developer, announced plans to launch a Senior Living Resident Experience Company. This spring, the new company, yet to be named, will assume management for all of The Wolff Company’s independent living Communities. First and foremost, the new company will be focused on ensuring a smooth transition, with the long-term goal of creating and delivering Communities that help Residents live longer, happier lives.
“When we set out to enter the senior living space, we wanted to build physical environments and onsite experiences that redefine the meaning of independent living,” said Tim Wolff, Executive Vice President at The Wolff Company. “We’re excited about the opportunity to transform the Resident Experience through innovation, creativity and a focus on providing opportunities for our Residents to be connected, engaged and curious.”

The new company will be a Resident Experience Company, not a traditional property management company. The Wolff Company believes they can be most impactful to each Community by focusing on the Resident Experience at every touchpoint. As an owner/operator, they will have full access and flexibility to focus on the overall success of their Communities.

The new company has already attracted several of the hospitality and independent living industries’ top talent. Leading the team is Niki Leondakis, a veteran of the hospitality and lifestyle industries where she has built award winning company cultures and brands. She spent more than 20 years with Kimpton Hotels and Restaurants, including as the company’s President and Chief Operating Officer and has been a CEO for Equinox Fitness Clubs, Two Roads Hospitality and Commune Hotels and Resorts. Cory Wolfenbarger will lead the company’s operations having most recently overseen The Wolff Company’s Senior Living Portfolio. He brings nearly 20 years of experience in the senior housing and service industries. Nicole Sinclair will lead talent and culture. She brings over 25-years’ experience as a leader across operations and talent in hospitality, including extensive experience with Starwood Hotels and Resorts and most recently as General Manager of Faena Hotel Miami Beach. “Our guiding force will be the joy our Residents experience through the emotional connections created between each other and our team members,” said Niki Leondakis, President of the new organization. “Their sense of belonging to our Communities combined with inspired environments and programming are all designed for our Residents to embrace their independence.”

Through the transition, The Wolff Company will maintain its partnership with its current property management company, Clearwater Living. Both companies will continue working together to develop new, state-of-the-art senior campuses with Clearwater’s Assisted Living and Memory Care communities completing the continuum of care.

“We are excited about our continued relationship with The Wolff Company as we share a mutual passion for operational excellence and dedication to creating environments that invigorate and inspire individuals to achieve their full potential,” said Tony Ferrero, CEO of Clearwater Living. The timing of this transition is well-aligned with both companies’ goals as Clearwater focuses on the growth of its own independent and assisted living communities, and The Wolff Company seeks to develop excellence and innovation in Resident Experience. “We are thankful that our relationship with The Wolff Company enabled Clearwater to build out our operations team,” said Danielle Morgan, President of Clearwater Living. “We’ve enjoyed building the culture and sense of community at Revel and Province properties alongside The Wolff Company and look forward to opportunities to partner in the future.”

The management philosophy of The Wolff Company’s new Resident Experience Company will be to provide a welcoming place that is worthy of being called home. Comprised of leading industry insiders and exceptional talent from world-class hospitality and consumer experience brands, the team will offer fresh perspective in creating Communities with innovative environments and programming that support Residents’ well-being, foster genuine connections and celebrate their independence. The resulting experience-driven approach will be tailored to the new generation of strivers, pioneers and adults who desire to live life on their own terms.

The Wolff Company will also continue its longstanding partnership with Sodexo to deliver quality of life to residents through innovative dining, wellness and hospitality services at all of their locations. Sodexo is a leading provider of integrated food, facilities management and other services that enhance organizational performance, contribute to local communities and improve quality of life for millions of customers throughout the world.

“We’re excited to build a Resident Experience Company alongside great partners like Sodexo that enable us to excel,” said Cory Wolfenbarger, of The Wolff Company’s Resident Experience Company. “By aligning ourselves with top talent, industry experts and the best partners in the business, we are primed to deliver on our promise of ‘Living Perfected.’”

Wolff currently has eight Communities actively leasing, with another ten on the horizon.

Revel Nevada | Henderson, NV | Open
Province Springs | Colorado Springs, CO | Open
Revel Lacey | Lacey, WA | Open
Revel Spokane | Spokane Valley, WA | Preleasing
Revel Vegas | Las Vegas, NV | Preleasing
Revel Rancharrah | Reno, NV | Preleasing
Revel Lodi | Lodi, CA | Preleasing
Revel Eagle | Eagle, ID | Preleasing
Revel Issaquah | Issaquah, WA | Under Construction
Revel Kirkland | Kirkland, WA | Under Construction
Revel Southbay | Del Amo, CA | Under Construction
Revel Amberglen | Hillsboro, OR | Under Construction
Revel Scottsdale | Scottsdale, AZ | Under Construction
Revel Damonte | Ranch Reno, NV | In Development
Revel Palm Desert | Palm Desert, CA | In Development
Revel Folsom | Folsom, CA | In Development
Revel Legacy | Scottsdale, AZ | In Development
Revel Windsor | Windsor, CA | In Development

About The Wolff Company

The Wolff Company is a private equity firm and developer headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

About Clearwater Living

Clearwater Living® is committed to providing the most superior customer service and living experiences that celebrates individual relevance, from our residents and their families to our family of associates. Recently certified as a “Great Place to Work”, Clearwater is growing through strategic acquisitions, development and operational management of senior living communities throughout the western United States. Every Clearwater Living community includes cutting-edge technologies and care practices that improve the daily lives of residents. To learn more about Clearwater Living, visit ClearwaterLiving.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 Breaks Ground on New Senior Living Community in Scottsdale

Revel Scottsdale sets new benchmark for senior living amenities in Washington as demand for quality senior housing options continues to outpace market-wide development

Scottsdale, Arizona (November 26, 2018) – The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Scottsdale, a new independent living apartment community at 8225 E. Indian Bend Road in Scottsdale. Characterized by celebrity chef-driven dining options, personalized amenities and spectacular spaces, Revel Scottsdale is expected to open in late 2020 and will set a new standard of quality and service in the senior living sector.

In 2017, the CBRE Senior Housing & Care Market report indicated that nationwide there had been a 50% decrease in new senior housing projects since the peak in 2015. This is problematic for Scottsdale, which according to the U.S. Census Bureau is part of the fourth-fastest growing metropolitan area in the United States.

“Nationwide, and in places like Scottsdale, there is an underserved and growing market of renters aged 55+ looking for a convenient, upscale, lock-and-leave lifestyle,” said Danielle Morgan, President of Clearwater Living, management partner at Revel Scottsdale. “Revel Scottsdale will give prospective residents a higher quality senior living option where choices have previously been limited.”

Once completed, the property will offer 157 studio, one-, and two-bedroom independent living residences. Built in the vicinity of the future Paradise Valley Ritz Carlton and near to Talking Stick Resort, Salt River Fields, and the McCormick Ranch Golf Club, Revel Scottsdale offers easy access to some of Arizona’s most high-value amenities. Additionally, the community boasts amenities unique to the Revel group, including a full-service salon and spa, an outdoor swimming pool, and a fitness studio. The lifestyle at Revel Scottsdale is further enhanced by celebrity chef-driven dining experiences including multiple restaurants with innovative seasonal menus from acclaimed chef and Food Network star, Beau MacMillan.

“This community will fill a gap in the market and set a new benchmark for senior living rental communities,” said Morgan. “Revel Scottsdale will offer the resort-style amenities and experiences that make resort-style living something to look forward to and celebrate.”

Revel Scottsdale is the 15th senior living community that The Wolff Company has developed since 2016. In 2018, the company has continued to broaden its portfolio of market-leading communities with plans to invest $300-$400 million annually in the development of new independent and assisted living communities, in addition to the purchase and renovation of existing communities.

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

About Clearwater Living

Clearwater Living is committed to providing the most superior customer service and living experiences that celebrates individual relevance, from our residents and their families to our family of associates. Clearwater is growing through strategic acquisitions, development and operational management of senior living communities throughout the western United States. Every Clearwater Living community includes cutting-edge technologies and care practices that improve the daily lives of residents. To learn more about Clearwater Living, visit ClearwaterLiving.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.

Henderson to Celebrate Grand Opening of Revel Nevada, a Refined Senior Community

The Wolff Company marks milestone opening in November 28th community celebration

Scottsdale, Arizona and Henderson, Nevada (November 21, 2018) – The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Revel Nevada, a new, refined senior community located 1525 Wigwam Pkwy, Henderson, NV 89074, across from Cornerstone Park. The community will celebrate its grand opening on November 28th, 2018 from 4pm – 7pm with festivities to include an official ribbon cutting, tours and a menu tasting with Food Network star and acclaimed chef, Beau MacMillan.

“The opening of Revel Nevada marks a shift in the way that people think about independent living, and how they live their lives after 55,” said Danielle Morgan, President of Clearwater Living, management partner at Revel Nevada. “We are proud to lead the way in refined senior living with the official unveiling of this community during our grand opening festivities.

The Wolff Company is currently developing numerous senior living communities throughout the US with plans to broaden its portfolio by investing $300-$400 million annually in the development of additional market-leading communities

The 3-story Revel Nevada property offers 146 one- and two-bedroom independent living residences, and two guest suites. Focused on the six pillars of wellness, Revel Nevada aims to keep residents connected and engaged with their neighbors, their communities, and themselves. Highlights of the property and its unique amenities include a full-service salon and spa, state-of-the-art fitness center, movie theatre, and chef-driven dining experiences in a modern-American restaurant and pub created by Chef Beau MacMillan.

“We are thrilled to partner with The Wolff Company to bring refined senior living to Henderson and to celebrate the opening of this community together,” said Morgan. “Revel Nevada is all about improving the lives of residents by keeping them connected and engaged, from the food they eat to the activities they enjoy and the people they meet. Combining our strengths with The Wolff Company brings a fresh perspective to living well and that makes all the difference for residents.”

Revel Nevada, which opened to residents in April 2018, provides those 55+ with the options that make aging well a reality, and not just a dream.

“Revel Nevada opened at an ideal time as the need and desire for flexible lifestyles focused on all areas of wellness is growing. People want a lock-and-leave home that gives them the freedom to live life on their terms,” said Morgan. “The lifestyle choices offered by Revel Nevada are our way of making Henderson a great place to age.”

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

About Clearwater Living

Clearwater Living is committed to providing the most superior customer service and living experiences that celebrates individual relevance, from our residents and their families to our family of associates. Clearwater is growing through strategic acquisitions, development and operational management of senior living communities throughout the western United States. Every Clearwater Living community includes cutting-edge technologies and care practices that improve the daily lives of residents. To learn more about Clearwater Living, visit ClearwaterLiving.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 Breaks Ground on New Senior Living Community in Folsom

Revel Folsom sets new benchmark for senior living amenities in California as demand for quality senior housing options continues to outpace market-wide development

Scottsdale, Arizona and Folsom, CA (November 13, 2018) – The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Folsom, a new independent living apartment community at 2075 Iron Point Road in Folsom. Characterized by celebrity chef-driven dining options, personalized amenities and spectacular spaces, Revel Folsom is expected to open in 2020 and will set a new standard of quality and service in the senior living sector.

In 2017, the CBRE Senior Housing & Care Market report indicated that nationwide there had been a 50% decrease in new senior housing projects since the peak in 2015. This is problematic for Folsom, where total housing vacancy rates for homes are below two-percent and total vacancy rates for rentals hover just above seven-percent.

“Nationwide, and in places like Folsom, there is an underserved and growing market of renters aged 55+ looking for a convenient, upscale, lock-and-leave lifestyle,” said. Mike Milhaupt, V.P. of Senior Development for The Wolff Company, “Revel Folsom will give prospective residents a higher quality senior living option where choices have previously been limited.”

Once completed, the property will offer 166 studio, one-, and two-bedroom independent living residences. The community boasts amenities unique to the Revel portfolio, including a full-service salon and spa, an indoor saltwater pool, and a fitness studio. The lifestyle at Revel Folsom is further enhanced by celebrity chef-driven dining experiences including multiple restaurants with innovative seasonal menus from acclaimed chef and Food Network star, Beau MacMillan.

“This community will fill a gap in the market and set a new benchmark for senior living rental communities,” said Milhaupt. “Revel Folsom will offer the resort-style amenities and experiences that make senior living something to look forward to and celebrate.”

Revel Folsom joins a portfolio of 21 senior living communities the Wolff Co. began developing in 2016. In 2018, the company has continued to broaden its portfolio of market-leading communities with plans to invest $300-$400 million annually in the development of new independent living communities, in addition to the purchase and renovation of existing communities.

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

The Wolff Company Breaks Ground on New Senior Living Community in Kirkland

Revel Kirkland sets new benchmark for senior living amenities in Washington as demand for quality senior housing options continues to outpace market-wide development

Scottsdale, Arizona and Kirkland, Washington (October 31, 2018) – The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Kirkland, a new independent living apartment community located on the former LifeBridge Church site in the Totem Lake neighborhood. Characterized by celebrity chef-driven dining options, personalized amenities and spectacular spaces, Revel Kirkland is expected to open in 2019 and will set a new standard of quality and service in the senior living sector.

Recent population estimates from Washington’s Aging and Disability Services show that residents aged 60+ will present nearly 24% of the population in King County by 2020, while housing options currently in development are rising at a much slower pace of 4.5% nationwide.

“Nationwide, and in places like Kirkland, there is an underserved and growing market of renters aged 55+ looking for a convenient, upscale, lock-and-leave lifestyle,” said Mike Milhaupt, V.P. of Senior Development at The Wolff Company. “Revel Kirkland will give prospective residents a higher quality senior living option where choices have previously been limited.”

Once completed, the five-story property will offer 151 studio, one-, and two-bedroom independent living residences. Built in a 12-acre natural setting, Revel Kirkland will be surrounded by mature trees and landscaping replete with walking trails and other outdoor amenities. The community will include a full-service salon and spa, an indoor saltwater swimming pool, and a fitness studio. The lifestyle at Revel Kirkland is further enhanced by celebrity chef-driven dining experiences including multiple restaurants with innovative seasonal menus from acclaimed chef and Food Network star, Beau MacMillan.

“This community will fill a gap in the market and set a new benchmark for senior living rental communities,” said Milhaupt. “Revel Kirkland will offer the resort-style amenities and experiences that make senior living something to look forward to and celebrate.”

Revel Kirkland joins a portfolio of 20 senior living communities The Wolff Company began developing in 2016. In 2018, the company has continued to broaden its portfolio of market-leading communities with plans to invest $300-$400 million annually in the development of new independent living communities, in addition to the purchase and renovation of existing communities.

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

The Wolff Company Breaks Ground on New Senior Living Community in Hillsboro

Revel Amberglen sets new benchmark for senior living amenities in Oregon as demand for quality senior housing options continues to outpace market-wide development

Scottsdale, Arizona and Hillsboro, OR (October 29, 2018) – The Wolff Company—a Scottsdale-based private equity firm and senior living developer—has broken ground on Revel Amberglen, a new independent living apartment community within the Amberglen Business Park mixed-use masterplan in Hillsboro. Characterized by celebrity chef-driven dining options, personalized amenities and spectacular spaces, Revel Amberglen is expected to open in 2020 and will set a new standard of quality and service in the senior living sector.

In 2017, the CBRE Senior Housing & Care Market report indicated that nationwide there had been a 50% decrease in new senior housing projects since the peak in 2015. This is problematic for Hillsboro, where the population of those aged 55+ increased nearly 20% between 2013 and 2016.

“Nationwide, and in places like Hillsboro, there is an underserved and growing market of renters aged 55+ looking for a convenient, upscale, lock-and-leave lifestyle,” said Mike Milhaupt, V.P. of Senior Development at The Wolff Company. “Revel Amberglen will give prospective residents a higher quality senior living option where choices have previously been limited.”

Once completed, the five-story property will offer 143 studio, one-, and two-bedroom independent living residences. Built adjacent to Amberglen Park, Revel Amberglen offers amenities unique to the Revel portfolio, including a full-service salon and spa, an indoor saltwater pool, and a fitness studio. The lifestyle at Revel Amberglen is further enhanced by celebrity chef-driven dining experiences including multiple restaurants with innovative seasonal menus from acclaimed chef and Food Network star, Beau MacMillan.

“This community will fill a gap in the market and set a new benchmark for senior living rental communities,” said Milhaupt. “Revel Amberglen will offer the resort-style amenities and experiences that make senior living something to look forward to and celebrate.”

Revel Amberglen joins a portfolio of 19 senior living communities from the Wolff Co. currently open or under construction. In 2018, the company has continued to broaden its portfolio of market-leading communities with plans to invest $300-$400 million annually in the development of new independent and assisted living communities, in addition to the purchase and renovation of existing communities.

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

Colorado Springs to Celebrate Grand Opening of Province Springs, a Refined Senior Community

The Wolff Company marks milestone opening in October 24th community celebration

Scottsdale, Arizona and Colorado Springs, CO (October 22nd, 2018) – The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Province Springs, a new, refined senior community located at 2960 Tutt Blvd in Colorado Springs, across the street from First & Main Town Center. The community will celebrate its grand opening on October 24th, 2018 with from 3pm – 6pm with festivities to include tours, a menu tasting with Food Network star and acclaimed chef, Beau MacMillan, and a ribbon-cutting ceremony led by the Colorado Springs Chamber of Commerce at 4pm. Residents, members of the media and the community are invited to attend the festivities.

“The opening of Province Springs marks a shift in the way that people think about independent living, and how they live their lives after 55,” said Danielle Morgan, President of Clearwater Living, management partner at Province Springs. “We are proud to lead the way in refined senior living with the milestone opening of the first of our senior living communities.”

The Wolff Company is currently developing numerous senior living communities throughout the US with plans to broaden its portfolio by investing $300-$400 million annually in the development of additional market-leading communities

The 4-story Province Springs property offers 160 studio, one-, and two-bedroom independent living residences, and two guest suites. Focused on the six pillars of wellness, Province Springs aims to keep residents connected and engaged with their neighbors, their communities, and themselves. Highlights of the property and its unique amenities include a full-service salon and spa, state-of-the-art fitness center, movie theatre, and chef-driven dining experiences in a modern-American restaurant and pub created by Chef Beau MacMillan.

“We are thrilled to partner with The Wolff Company to bring refined senior living to Colorado Springs and to celebrate the opening of our first location together,” said Morgan. “Province Springs is all about improving the lives of residents by keeping them connected and engaged, from the food they eat to the activities they enjoy and the people they meet. Combining our strengths with The Wolff Company brings a fresh perspective to living well and that makes all the difference for residents.”

The National Investment Center (NIC) reports that the nationwide growth rate of senior housing options—4.5% in 2017—is too slow for the demand. This has been especially true in Colorado, where estimates predict a 77% spike in the 65+ population by 2030. While Colorado may be one of the fastest aging states in the country, it’s also been ranked by US News and World Report as the best place to experience the years following age 65, with better overall physical health, mental health, emotional health, and healthcare contributing to the ranking.

“The addition of Province Springs to our community is one that we welcome with open arms,” said —- of the Colorado Springs Chamber of Commerce. “Province Springs represents a fabulous new senior living option for Colorado Springs residents and those who are considering moving here.”

Province Springs, which opened to residents in February 2018, provides those 55+ with the options that make aging well a reality, and not just a dream.

“Province Springs opened at an ideal time as the need and desire for flexible lifestyles focused on all areas of wellness is growing. People want a lock-and-leave home that gives them the freedom to live life on their terms,” said Morgan. “Colorado is the best state for aging, and the lifestyle choices offered by Province Springs are our way of keeping it that way. While we’re excited to engage with many other communities as well, we’re thrilled to call Colorado Springs our first home.”

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

About Clearwater Living

Clearwater Living is committed to providing the most superior customer service and living experiences that celebrates individual relevance, from our residents and their families to our family of associates. Clearwater is growing through strategic acquisitions, development and operational management of senior living communities throughout the western United States. Every Clearwater Living community includes cutting-edge technologies and care practices that improve the daily lives of residents. To learn more about Clearwater Living, visit ClearwaterLiving.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.

Lacey to Celebrate Grand Opening of Revel Lacey, a Refined Senior Community

The Wolff Company marks milestone opening in October 3rd community celebration

Scottsdale, Arizona and Lacey, Washington (September 27, 2018) – The Wolff Company—a Scottsdale-based private equity firm and multifamily developer—today announced the grand opening of Revel Lacey, a new, refined senior community located at 211 Hoh St. SE in Lacey across from Hawks Prairie Village Mall. The community will celebrate its grand opening on October 3rd, 2018 from 3pm – 6pm with festivities to include tours, and a menu tasting with Food Network star and acclaimed chef, Beau MacMillan. Residents, members of the media and the community are invited to attend the festivities.

“The opening of Revel Lacey marks a shift in the way that people think about independent living, and how they live their lives after 55,” said Danielle Morgan, President of Clearwater Living, management partner at Revel Lacey. “We are proud to lead the way in refined senior living with the milestone opening of one of the first of our senior living communities.”

The Wolff Company is currently developing numerous senior living communities throughout the US with plans to broaden its portfolio by investing $300-$400 million annually in the development of additional market-leading communities

The 3-story Revel Lacey community offers 135 studio, one-, and two-bedroom independent living residences, and two guest suites. Focused on the six pillars of wellness, Revel Lacey aims to keep residents connected and engaged with their neighbors, their communities, and themselves. Highlights of the community and its unique amenities include a full-service salon and spa, state-of-the-art fitness center, movie theatre, and chef-driven dining experiences in a modern-American restaurant and pub created by Chef Beau MacMillan.

“We are thrilled to partner with The Wolff Company to bring refined senior living to Lacey and to celebrate the opening of this community together,” said Morgan. “Revel Lacey is all about improving the lives of residents by keeping them connected and engaged, from the food they eat to the activities they enjoy and the people they meet. Combining our strengths with The Wolff Company brings a fresh perspective to living well and that makes all the difference for residents.”

Revel Lacey, which opened to residents in July 2018, provides those 55+ with the options that make aging well a reality, and not just a dream.

“Revel Lacey opened at an ideal time as the need and desire for flexible lifestyles focused on all areas of wellness is growing. People want a maintenance-free home that gives them the freedom to live life on their terms,” said Morgan. “The lifestyle choices offered by Revel Lacey are our way of making Lacey a great place to age. While we’re excited to engage with many other communities as well, we’re thrilled to call Lacey home.”

About The Wolff Company

The Wolff Company is a private equity firm headquartered in Scottsdale, Arizona, with offices in Washington, Massachusetts, and California. 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.

About Clearwater Living

Clearwater Living is committed to providing the most superior customer service and living experiences that celebrates individual relevance, from our residents and their families to our family of associates. Clearwater is growing through strategic acquisitions, development and operational management of senior living communities throughout the western United States. Every Clearwater Living community includes cutting-edge technologies and care practices that improve the daily lives of residents. To learn more about Clearwater Living, visit ClearwaterLiving.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.

Arizona developer buys Folsom land for $5 million for senior housing project

Arizona developer buys Folsom land for $5 million for senior housing project

Scottsdale, Arizona-based The Wolff Co. has bought bare land in Folsom for a senior housing project in pre-development.

Escrow closed in recent weeks for the 6-acre property on Iron Point Road, less than a mile east of Oak Avenue Parkway. The Wolff Co. bought the property, under the name KIW Folsom Venture LLC, for $5 million. Because it’s undeveloped, the site doesn’t have an assigned address. Folsom Bridge Partners LLC was the seller.

The Wolff Co. is planning a 166-unit project on the property called Revel Folsom, said Amber Huntley-Ruiz, the firm’s marketing director.

“Once completed, the community will offer independent living apartment homes, best-in-class wellness services and sophisticated amenity spaces including multiple dining experiences from celebrity chef, Beau MacMillan,” Huntley-Ruiz said in an email.

She did not share details about the project’s expected timing, and Folsom city officials said they had not received a formal application for the site, though two other senior care/living facilities are under review on neighboring parcels.

Nearly 1,000 multifamily units are under construction in Folsom at the moment, many of them on or near Iron Point Road.

Senior housing projects are also increasingly proliferating in the region, fueled by demographics. Among others, Roseville planners are reviewing a 72-bed memory care facility at 1260 Pleasant Grove Blvd., and Elk Grove has an application for a 151-unit project, including a three-story senior living center and another 71-room, single-story care facility. Both would be at the southwest corner of Laguna Springs and Civic Center drives.