The Wolff Company Purchases Senior Living Apartments in Wilsonville, OR

The Wolff Company Purchases Senior Living Apartments in Wilsonville, OR

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

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

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

 

About The Wolff Company

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

 

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