Tuesday, June 16, 2020

Apartment Owner Avanath Capital Managemnt Gifts 9,000+ Wellbeats Virtual Gym Memberships

Daryl J. Carter
IRVINE, CA — With many renters struggling due to the current pandemic, apartment owners are thinking outside the box. Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S. on behalf of institutional investors, has announced a special gift: in partnership with Wellbeats, the firm is offering free virtual gym memberships to its 9,000+ renters throughout the U.S.

This announcement comes on the heels of Avanath’s rent relief efforts – the company proactively gave all its residents a 10% discount on rent payments in April 2020.

“This pandemic has certainly altered the way we all live and work. However, the foundational element of our business remains the same: help residents live better lives,” says Daryl J. Carter, Founder and CEO of Avanath Capital Management.

“The April rent initiative alleviated some rental obligations and the launch of this new initiative gives our residents the opportunity to maintain their health and wellness while our on-site fitness amenities remain closed for safety.”

Avanath’s virtual gym membership gifts are aligned with the firm’s over-arching strategy to proactively invest in the health and wellness of its residents.

“As impact investors, we approach each investment holistically, with a focus on delivering the highest quality of life possible,” says Carter. “By integrating on-site wellness programs and community activities at no extra cost to renters, we are able to help residents access the services and amenities they need to live their best life.”

In 2019, Avanath launched Activate, a program that offers on-site health education classes and wellness services to senior housing residents. The firm also offers a wide array of on-site services in its family communities, including after-school programs, financial literacy courses, basketball clubs, and more.

“A focus on wellness is more important now than ever,” says Carter. “As we navigate this public health crisis, we are all reminded that our physical and mental health is a gift that must be nurtured. 

"The Avanath team is proud to have the opportunity to share these virtual memberships with our residents, fostering good health for many years to come.”
Avanath’s 9,000+ free virtual gym memberships  became available to residents on June 4 through Wellbeats virtual fitness.


Lexi Astfalk
(949) 438-6262


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