New Investment Relationship Finalized Between Welltower® Inc. and Treplus Communities
A new investment relationship has been finalized between Welltower® Inc. 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.