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| 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.
CONTACT:
Lexi Astfalk
(949) 438-6262
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