A 32-acre land at 1525 and 1545 Wigwam Parkway (at Stephanie Street and I-215) in Henderson, Nevada, was recently purchased by the Arizona-based real estate private equity firm, The Wolff Company.
"Henderson is a fantastic community that lacks amenity-rich, lock-and-leave housing for renters aged 55+," said Mike Milhaupt, Vice President of Senior Housing for The Wolff Company. "This project's on-site dining options, top-of-the-line activity centers, and highly detailed residences will set a new benchmark for senior living rental communities in Nevada."
According to their press release in PR NewsWire, The Wolff Company plans to develop market-rate multi-family housing and high quality senior living communities on the property, which is closely located to a number of schools and has parks and transit options, to address the current shortage of quality for-rent housing in the area.
"This site is in an ideal location for families and individuals seeking convenient access to Las Vegas while enjoying the high quality of life that Henderson offers," said Nate Carlson, Vice President of Development for The Wolff Company.
Jorant Commercial/Sunbelt Development & Realty Partners represented The Wolff Company in the acquisition of the property, while Coldwell Banker Premier Realty represented the seller. The people behind the transaction include Brian Krueger, Senior Vice President of Strategic Services with CBPR, Ron Opfer of CCIM, who managed the listing for CBPR, Tom Mangione, Vice President of Business Development, David Ober of Jorant Commercial, and Bill Lenhart of Sunbelt Development & Realty Partners.
"We are extremely pleased with a sale of this magnitude in the Las Vegas market and the scope of service our team at CBPR is capable of," said Krueger.
The Wolff Company is a fully-integrated, middle market, real estate private equity firm that was founded in 1949, and now is headquartered in Scottsdale, Arizona as well as maintains offices in Washington, Massachusetts and California. The firm focuses on investing, acquiring, and developing high-quality multi-family assets.
