Partners & Investors
Wellness Lifestyle Real Estate Industry is Growing
One of the leading ways that global companies invest in their employees’ health and well-being is through corporate workplace wellness programs. Effective, comprehensive, and measurable corporate wellness programs is the next big strategic opportunity for organizations to manage risk and increase financial value. In today mobile economy, travelling employee and/or travelling professional contractor are normal business practices; companies pay for the per diem expenses and operate as just-in-time needs. It only makes sense for those employee and contractor stay at wellness living corporate housing, it’s good for companies who pay the expenses and good for employee who need to adjust at ease, be productive upon arrival and not dragged by the tedious task of getting familiar with local custom, culture, and environment.
Corporate Housing is “Home Away from Home.” We believe high demand for workplace wellness will accelerate market demand for wellness living residential market opportunities.
Corporate Housing is “Home Away from Home.” We believe high demand for workplace wellness will accelerate market demand for wellness living residential market opportunities.
According to the Global Wellness Institute (GWI), the global wellness real estate industry has increased 6.4% annually since 2015 and is headed toward being a $180 billion industry by 2021. A growing body of evidence supports the notion that chronic health conditions can be improved through lifestyle changes, and the buildings where people live, work and play can have a positive effect.
GWI stated that homes designed to improve people’s wellness are now commanding 10-25% higher price premium due to more market demand and supply availability. On the hospitality industry, MGM Grand wellness rooms are currently realizing 25% higher premiums on those rooms, and they broke even on the investment within 6 weeks of introduction.
GWI stated that homes designed to improve people’s wellness are now commanding 10-25% higher price premium due to more market demand and supply availability. On the hospitality industry, MGM Grand wellness rooms are currently realizing 25% higher premiums on those rooms, and they broke even on the investment within 6 weeks of introduction.
Wellness Lifestyle Real Estate Recognition and Certification
International WELL Building Institute developed the first standard for the physical environment, addressing a number of factors: air, water, nourishment, light, fitness, comfort and mind. Following years of research and input from the medical, scientific and real estate communities, WELL certification is aimed at influencing the health of building occupants both physical and mental whilst also reducing an organizations financial liability through sick employees. The growing importance and potential business prioritization of this subject has now given rise to other wellness certification programs. Although, the initial implementation is focused on commercial office buildings; it has been adopted for both residential and hospitality market.
Fitwel is a building rating system for commercial interiors and both multi-tenant and single-tenant existing buildings that provide guidelines on how to design and operate healthier buildings. Fitwel can also be used as a roadmap to aid the design of new buildings being constructed. Fitwel is cost effective alternative to the WELL Building Standard. It was originally created as a joint initiative led by the U.S. Centers for Disease Control and Prevention (CDC) together with the General
Fitwel is a building rating system for commercial interiors and both multi-tenant and single-tenant existing buildings that provide guidelines on how to design and operate healthier buildings. Fitwel can also be used as a roadmap to aid the design of new buildings being constructed. Fitwel is cost effective alternative to the WELL Building Standard. It was originally created as a joint initiative led by the U.S. Centers for Disease Control and Prevention (CDC) together with the General
Services Administration (GSA), Fitwel provides guidelines for designing, constructing, and operating healthier buildings. The Center for Active Design (CfAD) is the operator of Fitwel and responsible for the third-party certification.
Upgrade Existing Condo, Apartment, and Residential to Wellness Lifestyle Real Estate
Our journey on Wellness Lifestyle Real Estate started with 2nd home purchase in 2017. We took the WELL Building and Fitwell ideas and upgraded our unit to create Wellness Living Home. When we are not staying there, we make it available as Wellness Living Executive Condo. It has been a successful venture.
We spend 90% of our live indoor; therefore, it makes sense to focus on indoor environment improvements. Factors that can improve wellness range from air quality, water quality, nourishment, light, fitness, comfort and mind. A healthy resident is a happy resident, which in turn could translate into greater wellness real estate demands. 10% of our effort is rooted in selecting the right kind of property with wellness DNA; things that are important including but not limited to high walkability index, nearby public transportation, farmer markets/whole foods markets, walking and biking trail, on-site fitness center and swimming pool, pet friendly, and non-smoking complex. We call this 10-90 Pro Livings® process which is scalable globally.
We spend 90% of our live indoor; therefore, it makes sense to focus on indoor environment improvements. Factors that can improve wellness range from air quality, water quality, nourishment, light, fitness, comfort and mind. A healthy resident is a happy resident, which in turn could translate into greater wellness real estate demands. 10% of our effort is rooted in selecting the right kind of property with wellness DNA; things that are important including but not limited to high walkability index, nearby public transportation, farmer markets/whole foods markets, walking and biking trail, on-site fitness center and swimming pool, pet friendly, and non-smoking complex. We call this 10-90 Pro Livings® process which is scalable globally.
What are the potential benefits of investing in Wellness Lifestyle Real Estate?
Opportunity for attractive total return, inflation protection, and low-to-moderate correlation to other asset classes.
Potentially attractive total return – combination of current income and capital appreciation.
Potentially hedge against inflation – Real estate lease contracts commonly include CPI or fixed upward lease escalators. Thus real estate, whose value typically rises in an inflationary period, can be purchased as a potential inflation hedge.
Diversification – Historically, Real Estate displayed low correlation relative to stocks and bonds.
Potentially attractive total return – combination of current income and capital appreciation.
Potentially hedge against inflation – Real estate lease contracts commonly include CPI or fixed upward lease escalators. Thus real estate, whose value typically rises in an inflationary period, can be purchased as a potential inflation hedge.
Diversification – Historically, Real Estate displayed low correlation relative to stocks and bonds.
What is Pro Livings approach to investing?
Alignment with the corporate housing demand in term of location and growth.
Buy traditional condo at wholesale price, implement 10-90 upgrade, operate the rental units and timing the sell at premium Wellness Lifestyle Condo.
10-90 upgrade: 10% relies on sourcing property with built-in communities’ wellness infrastructure including but not limited to high walkability index, availability of on-site swimming pool, Jacuzzi, fitness center, social outdoor BBQ patio, nearby walking/bike trails and pet walking park; 90% interior and furnishing upgrades including but not limited to Air, Water, Light, Nourishment, Fitness, Comfort, and Mindfulness.
Buy traditional condo at wholesale price, implement 10-90 upgrade, operate the rental units and timing the sell at premium Wellness Lifestyle Condo.
10-90 upgrade: 10% relies on sourcing property with built-in communities’ wellness infrastructure including but not limited to high walkability index, availability of on-site swimming pool, Jacuzzi, fitness center, social outdoor BBQ patio, nearby walking/bike trails and pet walking park; 90% interior and furnishing upgrades including but not limited to Air, Water, Light, Nourishment, Fitness, Comfort, and Mindfulness.
Wellness Real Estate Investment Trust (wREIT).
The ideal funding platform for investors to participate in Wellness Lifestyle Real Estate is via private or public Real Estate Investment Trust (REIT). We are looking for founding partner to put together the investment platform. It may start with Real Estate Syndication LLC; then, private REIT and eventually IPO when there is significant number of investors participated.