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PALM DESERT, Calif. — The Wolff Company, an Arizona-based private equity firm and developer, has acquired property in Palm Desert with plans to build a seniors housing community on the plot.
The property is located near a variety of golf and country clubs. The developer estimates the market features an independent living undersupply of more than 1,800 units.
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.