LODI, Calif. — The Wolff Company has broken ground on Revel Lodi, a 142-unit independent living community in Lodi, located south of Sacramento and east of San Francisco.
The project is located within the Reynolds Ranch master-planned community in California’s wine country. The property is scheduled for completion in mid-2018.
Once completed, the two four-story buildings will offer 134 apartments and 8 single-story cottages in a variety of studio, one- and two-bedroom floor plans.
Revel Lodi will be the fourth senior living community Wolff has developed since 2016. The Scottsdale, Ariz.-based private equity firm intends to invest between $300 million and $400 million annually in the development of independent and assisted living communities, in addition to purchasing existing communities.