COLUMBUS, Ohio, May 20, 2021 /PRNewswire/ -- A new
investment relationship has been finalized between
Welltower® Inc. (NYSE: WELL) and Treplus
Communities, a Columbus,
Ohio-based developer of upscale, innovative, 55+ active
adult rental communities. The relationship will expand the
best-in-class Treplus product offering into Welltower's senior
living portfolio.
The Treplus Communities' brand offers an important for-lease,
lifestyle option for a growing segment of active adults age 55+ in
an unprecedented, low-inventory real estate market. Active adult
communities offered by the brand include spacious, single-story
residences with designer finishes, attached garages and private
entrances to ensure comfort, safety, and freedom for residents and
their guests. Active adults are savvy, socially-engaged consumers
who understand the advantages of renting over buying.
"We are pleased to partner with Welltower, the leader in health
care real estate, and share with Welltower an understanding of what
baby boomers desire in downsizing options. Treplus Communities'
partnership with Welltower will strengthen our ability to offer
luxury communities that provide premium amenities and encourage an
active, social and maintenance-free lifestyle to this
rapidly-growing demographic," says Jane
Arthur Roslovic, Treplus' Managing Partner. Roslovic along
with her partners, Ann Arthur Cook
and Geoffrey Arthur, bring strong
vision, leadership, and extensive management experience to this new
relationship.
Treplus Communities develops, holds, and manages a growing
portfolio of Housing for Older Persons Act ("HOPA")- compliant
active adult communities in the Midwest. HOPA compliance eliminates
the requirement of age 55+ communities to offer senior care
services.
Treplus is 'Redefining 55+ Living' for active adults with an
award-winning design in desirable communities consisting of 90 –
150 units that range from 1,200 to 1,600 square feet. Each
community is built as suburban infill with integrated Universal
Design principles for accessibility including, but not limited to,
wider hallways, task lighting, elevated electrical outlets, no-step
showers, and entry into the apartment home. Every community offers
premium amenities and maintenance-free living that provides baby
boomers the opportunity to age-in-place comfortably in an
environment of peers.
Active adult communities appeal to a varied audience of
downsizing, renter-by-choice, "empty nester" couples and singles,
who are engaged, active and want to live in a community with
opportunities for meaningful resident-directed social
engagement. Treplus offers a rich social experience in The
Commons, a resort-quality clubhouse that is central to
community-life and houses a fully equipped gym, Wi-Fi café,
business center, billiards, liquor lockers, and catering
kitchen.
Currently, three Treplus Communities are established in
Central Ohio with additional
Ohio locations planned for 2021 as
well as expansion into other Midwest states. Growth will be
accelerated by the Welltower relationship and will provide the
necessary momentum for a material roll-out.
About Treplus Communities
Treplus Communities is a
premier, multi-family development company that is focused on
meeting the needs of active adults age 55+. Our beautiful
communities offer single-story, condo-quality luxury apartments
with attached garages and private entrances that incorporate
Universal Design principles and feature designer finishes. We offer
amenity-rich, maintenance-free communities that allow residents to
age-in-place and enjoy a carefree lifestyle with great
opportunities for social engagement.
About Welltower
Welltower
Inc. (NYSE: WELL), an S&P 500 company
headquartered in Toledo, Ohio, is driving the
transformation of health care infrastructure. The Company
invests with leading seniors housing operators, post-acute
providers, and health systems to fund the real estate
infrastructure needed to scale innovative care delivery models and
improve people's wellness and overall health care
experience. Welltower™, a real estate
investment trust (REIT), owns interests in properties concentrated
in major, high-growth markets in the United
States, Canada, and the United Kingdom, consisting
of seniors housing and post-acute communities and outpatient
medical properties. More information is available
at http://welltower.com/.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/new-investment-relationship-finalized-between-welltower-inc-and-treplus-communities-301296219.html
SOURCE Arthur Partners LLC dba Treplus Communities