News

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.

Revel Eagle, a Refined Senior Community in Eagle River, Now Pre-leasing

Scottsdale, Arizona and Eagle, Idaho (June 25th, 2018) – The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Eagle. Located within the prestigious Eagle River development adjacent to Reid Merrill Park, Revel offers exclusive and personalized wellness services and amenities, including celebrity chef-driven dining options. The community is currently accepting resident deposits in anticipation of spring Winter 2018 move-ins.

Chuck Faylor, a Boise native, has been appointed Executive Director of Revel Eagle, Treasure Valley’s premier senior living community. Faylor has served as executive director, general manager, regional director and other leadership roles within the senior living industry for the past sixteen years.

“This is an excellent time for residents to hand select their perfect apartment,” said Faylor. “Revel is set to transform the way people think about life after 55, creating access to both new and exclusive, and familiar, experiences amongst stunning landscapes.”

The three-story property offers 146 studio, one-, and two-bedroom independent living apartment homes. Focused on building and maintaining a culture of wellness, Revel offers a lifestyle platform that keeps residents connected, engaged and curious. Highlights of the property include unique amenities like a full-service salon and spa, a state-of-the-art fitness center, a heated indoor saltwater pool, and celebrity chef-driven dining options designed by renowned Southwest restauranteur, Beau MacMillan. Set amongst the exclusive Eagle River community, life at Revel is augmented by access to more than 90 acres of mixed-use community amenities, including picturesque landscapes, resort-style shops and restaurants.

Revel Eagle will be managed by the independent living experts at Clearwater Living. “Revel is all about enhancing life through the six pillars of wellness, and providing lifestyles and experiences that help people to remain connected to their physical, social, intellectual, spiritual, emotional and occupational wellbeing,” said Danielle Morgan, President of Clearwater Living. “Partnering with The Wolff Company to bring this lifestyle to Idaho is going to make a big difference in the community.”

The Eagle River development is located in the heart of the of the Boise River Valley, set amongst pristine landscapes undisrupted by the careful addition of retail shops, homes, and apartments. Revel Eagle borders the Greenbelt and the Boise River within this exclusive community.

“Revel Eagle offers active adults additional exclusivity in an already rare setting. People want a lifestyle that is focused on all areas of wellness, but they also want it to meet their unique needs,” said Faylor. “At Revel, we’re offering that lifestyle in a truly one-of-a-kind, beautiful setting.”

The Revel pre-leasing office is located at 745 East Riverside Drive, Eagle, Idaho, 83616. “Here, future residents can take a virtual tour of the community, preview finishes and features of the apartment homes, meet the Revel team and place a deposit on their new apartment,” said Faylor.

More information about pre-leasing options at Revel Eagle is available at RevelEagle.com.

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.

About Clearwater Living

Clearwater Living is committed to providing the most superior customer service and living experiences that celebrate 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.

Revel Vegas, a Refined Senior Community in Las Vegas, Now Pre-Leasing

Revel Vegas, a Refined Senior Community in Las Vegas, Now Pre-Leasing

Scottsdale, Arizona and Las Vegas, NV (June 6, 2018) – The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Vegas. Located just five minutes from the Siena Golf Course, Revel offers exclusive wellness services and amenities. The community is currently accepting resident deposits and will open in Winter 2018.

“This is a fantastic opportunity for residents to hand-select their perfect apartment home,” said Michael Fountain, Executive Director, Revel Vegas. “Revel will change the way people think about their lifestyle after 55, opening doors for new, refined experiences, while keeping the familiar accessible.”

The three-story property offers 132 studio, one-, and two-bedroom independent living apartment homes. Focused on building and maintaining a culture of wellness, Revel offers a lifestyle platform that keeps residents connected, engaged and curious. Highlights of the property include unique amenities like a full-service salon and spa, a theatre room, a state-of-the-art fitness center, and celebrity chef-driven dining options from renowned restauranteur, Beau MacMillan.

Revel Vegas will be managed by the senior living experts at Clearwater Living. “Revel is all about enhancing life through the six pillars of wellness, and providing lifestyles and experiences that help people to remain connected to their physical, social, intellectual, spiritual, emotional and occupational wellbeing,” said Danielle Morgan, President of Clearwater Living. “Partnering with The Wolff Company to bring this lifestyle to Las Vegas is going to make a big difference in the community.”

With a red rock mountain backdrop, Revel offers easy access to the I-215 corridor, leading to world-class restaurants, museums, and shopping experiences on the Las Vegas Strip, but feels far enough away to enjoy the view. “People want a lifestyle that is focused on all areas of wellness, but they want it to meet their unique needs,” said Fountain. “At Revel, we’re offering that lifestyle in a truly exclusive setting.”

The Revel Vegas pre-leasing office is located 10140 W Tropicana Ave., Suite 124 Las Vegas, NV 89147. Here, future residents can take a virtual tour of the community, preview finishes and features of the apartment homes, meet the Revel team and place a deposit on their new apartment.

More information about Revel Vegas is available at RevelVegas.com.

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.
About Clearwater Living
Clearwater Living is committed to providing the most superior customer service and living experiences that celebrate 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.

Revel Rancharrah, a Refined Senior Community in Reno, Now Pre-Leasing

Revel Rancharrah, a Refined Senior Community in Reno, Now Pre-Leasing

Scottsdale, Arizona and Reno, NV (May 31st, 2018) – The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Rancharrah. Located within Reno’s prestigious Rancharrah master-planned community, Revel offers exclusive wellness services and amenities set within the unique landscapes and lifestyles of the former estate of casino magnate, Bill Harrah. The community is currently accepting resident deposits and will open in late Spring 2019.

“This is an excellent time for residents to hand select their perfect apartment,” said Mark Schulz, Executive Director, Revel Rancharrah. “Revel will change the way people think about their lifestyle after 55, opening doors for new, refined experiences, while keeping the familiar accessible.”

The four-story property offers 146 studio, one-, and two-bedroom independent living apartment homes. Focused on building and maintaining a culture of wellness, Revel offers a lifestyle platform that keeps residents connected, engaged and curious. Highlights of the property include unique amenities like a full-service salon and spa, a state-of-the-art fitness center, heated indoor saltwater pool, and celebrity chef-driven dining options from renowned Southwest restauranteur, Beau MacMillan. Set amongst the unique and exclusive background of the Rancharrah master-planned community, life at Revel is augmented by access to a gated community rich in history and characterized by sprawling landscapes. Residents have unlimited access to the famed Rancharrah mansion, miles of walking and horseback riding trails, and resort-style shops and restaurants.

Revel Rancharrah will be managed by the senior living experts at Clearwater Living. “Revel is all about enhancing life through the six pillars of wellness, and providing lifestyles and experiences that help people to remain connected to their physical, social, intellectual, spiritual, emotional and occupational wellbeing,” said Danielle Morgan, President of Clearwater Living. “Partnering with The Wolff Company to bring this lifestyle to Reno is going to make a big difference in the community.”

The Rancharrah master-planned community began as the private estate of casino magnate Bill Harrah in 1957. Acquired in 2016 by Reno Land Inc., the sprawling 141-acre property has become an oasis in the desert, and one of the most highly-esteemed communities in Reno.

“Revel Rancharrah offers older adults additional exclusivity in an already unique and rare setting. People want a lifestyle that is focused on all areas of wellness, but they want it to meet their unique needs,” said Schulz. “At Revel, we’re offering that lifestyle in a truly exclusive setting.”

The Revel pre-leasing office is located in the Whole Foods shopping center at 6015 S. Virginia St. #F, Reno, NV 89502 (Del Monte Plaza). “Here, future residents can take a virtual tour of the community, preview finishes and features of the apartment homes, meet the Revel team and place a deposit on their new apartment,” said Schulz.

More information about Revel Rancharrah is available at RevelRancharrah.com.

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.
About Clearwater Living
Clearwater Living is committed to providing the most superior customer service and living experiences that celebrate 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.

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.

The Wolff Company Announces Development of Second Modern Senior Living Community in Reno

Revel Damonte Ranch to offer resort-style amenities and flexibility to senior living

Scottsdale, Arizona and Reno, Nevada (March 21, 2018) – The Wolff Company—a Scottsdale-based private equity firm and senior living developer will soon break ground on Revel Damonte Ranch, a contemporary active senior living apartment community located in the Damonte Ranch, just south of Reno. The Damonte Ranch master plan is an upscale mixed-use community located at the base of the beautiful Sierra Nevada mountains, with stunning views.

Expected to open in 2020, Revel Damonte Ranch will be the second Wolff Company property to break ground in Reno, after Revel Rancharrah, and will offer amenities unique to the Revel family of properties, including celebrity chef-driven dining options.

Recent reports from the National Investment Center (NIC) indicate that while the number of senior housing options in development nationwide rose by 4.5% in 2017, the growth is too slow for demand.
This is especially true in Washoe County, where the 60+ population rose from 76,000 in 2010 to 89,000 just three years later in 2013 and is predicted to hit 100,000 by 2020. These growth rates are further compounded by U.S. Census Bureau projections indicating Nevada will remain the third fastest aging state through the year 2050. The increasing demand for 55+ rental options in Washoe County and throughout Nevada is marked by an increased demand for contemporary amenities.

“Nationwide, and in places like Washoe County, there is an underserved and growing market of renters aged 55+ looking for a convenient, upscale, lock-and-leave lifestyle,” said Mike Milhaupt, Vice President of Senior Housing for The Wolff Company. “Revel Damonte Ranch, along with sister community, Revel Rancharrah, will provide residents a contemporary senior living option with flexible, quality food options and wellness as keystones of their experience”.

Once completed, the four-story property will offer 156 studio, one-, and two-bedroom independent living residences. Built in a natural setting, Revel Damonte Ranch is characterized by views of the adjacent Steamboat Creek wetlands and nearby mountains, complete with walking paths that lead to nearby trails and other outdoor amenities offered in Reno only by Revel properties. The property offers other amenities unique to the Revel family of properties, including a private-use full-service salon and spa, yoga studio, and state-of-the-art fitness studio. Community amenities at Revel Damonte Ranch are further enhanced by celebrity chef-driven dining experiences, including multiple restaurants, flexible meal plans, and seasonal menus prepared by acclaimed chef and Food Network star, Beau MacMillan.

“Alongside Revel Rancharrah, Revel Damonte Ranch will continue to expand senior living flexibility and features in Reno,” said Milhaupt. “Revel Damonte Ranch will offer resort-style amenities like an indoor heated saline pool, multiple dining venues and access to natural outdoor spaces that make resort-style living something to look forward to and celebrate.”

Revel Damonte Ranch is the 13th senior living community that The Wolff Company has developed since 2016. In 2018, the company will continue 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.

The Wolff Company Announces Development of Modern Senior Living Community in Kirkland

Revel Kirkland to offer resort-style amenities and flexibility to senior living

Scottsdale, Arizona and Kirkland, Washington (March 12, 2018) – The Wolff Company—a Scottsdale-based private equity firm and senior living developer will soon break ground on Revel Kirkland, a contemporary active senior living apartment community located on the 12-acre former LifeBridge Church site in the Juanita area. Expected to open in 2019, Revel Kirkland will offer amenities unique to the Revel group of properties, including celebrity chef-driven dining options.

Recent reports from the National Investment Center (NIC) indicate that while the number of senior housing options in development nationwide rose by 4.5% in 2017, the growth is too slow for demand. This is especially true in King County, where population estimates from Aging and Disability Services show that residents aged 60+ will represent 23.8% of the local population by 2020, with no indicators that this growth will slow any time soon. The increasing demand for 55+ rental options is marked by an increased demand for contemporary amenities.

“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, Vice President of Senior Housing for The Wolff Company. “Revel Kirkland will give residents a contemporary senior living option with flexible, quality food options and wellness as keystones of their experience”.

Once completed, the five-story property will offer 152 studio, one-, and two-bedroom independent living residences. Built in a natural setting, Revel Kirkland is characterized by mature trees and landscaping, incorporated throughout the property, providing a serene environment complete with walking trails and other outdoor amenities. The property offers amenities unique to the Revel group, including a private-use full-service salon and spa, yoga studio, and fitness studio. Community amenities at Revel Kirkland are further enhanced by celebrity chef-driven dining experiences, including multiple restaurants, flexible meal plans, and seasonal menus prepared by acclaimed chef and Food Network star, Beau MacMillan.

“This community will set a new benchmark for senior living flexibility and features,” said Milhaupt. “Revel Kirkland will offer resort-style amenities like an indoor heated saline pool, multiple dining venues and access to natural outdoor space that make resort-style living something to look forward to and celebrate.”

Revel Kirkland is the 10th senior living community that The Wolff Company has developed since 2016. In 2018, the company will continue 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.