The Wolff Company today announced it has started construction on Revel Rancharrah, a new independent living apartment community within Reno’s prestigious Rancharrah master-planned community. The development is expected to be complete in 2018 and will offer a new level of wellness services and amenities in the senior living sector.
This project is the fifth senior living community Wolff has developed since 2016 and will continue to broaden their portfolio of market-leading communities nationwide. The Scottsdale-based private equity firm intends to invest $300-$400 million annually in the development of premium caliber independent living communities in addition to purchasing existing communities.
“We are determined to set the bar higher with each new senior living community we develop,” said Mike Milhaupt, Vice President of Senior Housing for The Wolff Company. “Revel Rancharrah will offer resort-style living to an underserved market of renters aged 55+ looking for a no-hassle, maintenance-free community.”
Once completed, the four-story property will offer 146 studio, one- and two-bedroom independent living residences designed with upscale style and impressive quality. In addition to outstanding wellness services, Revel Rancharrah will feature strikingly sophisticated amenity spaces such as a fitness studio, a spa, a state-of-the-art, multi-function event space, an indoor pool, and an art studio. Outstanding dining experiences will include a modern-American restaurant and a spirited pub with innovative seasonal menus from acclaimed chef and Food Network star, Beau MacMillan.
More information about Revel Rancharrah can be found at revelrancharrah.com.
About The Wolff Company
Wolff has invested in, acquired and developed high-quality multifamily assets for more than six decades. The Company is headquartered in Scottsdale, Arizona and maintains offices in Washington, Massachusetts and California. Contact us at 480.315.9595 or visit us online at www.awolff.com.