SOURCE: AegisLiving

May 16, 2008 14:11 ET

ÁegisLiving Opens Its Newest Senior Retirement Living Community

Varenna Is Setting the Industry Standard for the Ultimate in Five Star Signature Living Communities

SANTA ROSA, CA--(Marketwire - May 16, 2008) - ÁegisLiving (www.aegisliving.com) has opened its 33rd senior living community. Varenna, the new resort-style senior living community developed by Oakmont Senior Living and professionally managed by ÁegisLiving, is open for residents. With its rolling vineyards, whispering oaks and grazing deer surrounding Varenna, the new 29-acre community is destined to transform retirement into the luxurious culmination of a cultured life. Varenna takes senior retirement living to a whole new level by bringing together an amazing location, beautiful architectural designs and the highest standards in services and amenities for people of all ages of retirement.

ÁegisLiving is a national leader in retirement and assisted living, and Varenna represents its top-tier Signature Living Community, comparable to a five-star hotel. It offers residents all the luxury of an exclusive Italian vacation in their everyday lives.

"This isn't just living -- it's luxury living. It is a testament of how retirement living is changing in America today," says Dwayne Clark, chairman and CEO of ÁegisLiving. "Varenna residents will enjoy what was previously only available in world-class hotels -- the highest level of service and care, but instead of being a vacation it occurs everyday."

Varenna doesn't look like most retirement communities. In the 162-dwelling community it has two neighborhoods that are within a short walking distance of the main building. The neighborhoods contain casitas, duplexes and more intimate buildings housing between 12-20 apartments. In the main community there are 103 apartments and a wide variety of on-site amenities including: spa and exercise facilities, indoor and outdoor swimming pools, movie theater, cocktail lounge, wine cave, business center, wellness center, community garden, library, pet parks, First Community Bank branch, country store, salon and spa, an art studio and card rooms.

Entrance fees, which are 90 percent refundable when residents move out, begin at $345,000 peaking at 1.3 million. Monthly rent, which starts at $2,724, includes all utilities except phone, and a broad range of services.

"We've created a place where active adults can enjoy both the perks of vacation and the comforts of home," Clark said. "They have gourmet dining, cultural events and the knowledge that they are surrounded by friends, neighbors and a caring, attentive staff."

Numerous floor plans accommodate a variety of styles, needs and living arrangements. From one-bedroom apartments to six-room casitas with garages, decks and yards, Varenna offers options for independent adults who need no or little assisted care now, but who want to have those services available in the future. Varenna is a continuing care retirement community (CCRC) and is state licensed. On-site there is an assisted living building, for seniors who may need more care.

ÁegisLiving has plans to build additional Signature Living Communities in California and Western Washington. Prospective residents can visit www.varennaccrc.com or call 707-526-1226.

Oakmont Senior Living

Led by William P. Gallaher, Oakmont Senior Living LLC is a real estate development and construction company headquartered in Santa Rosa, California. Often partnering with ÁegisLiving, Oakmont has built more than 30 senior communities over the last three decades.

ÁegisLiving

ÁegisLiving is a national leader in retirement and assisted living, offering a progressive selection of senior residences to meet the growing needs of today's aging population. Founded in 1997 and headquartered in Redmond, Washington privately held ÁegisLiving operates 33 communities in Washington, California and Nevada. More information is available at www.AegisLiving.com.

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