Multifamily

Virtual fitness and lifestyle events are not just about staying active; they’re about creating a vibrant and connected community without requiring physical presence, effectively replacing traditional in-person resident events. Imagine embarking on a wellness journey with access to a variety of engaging challenges right at your fingertips.

By participating in these challenges, you’ll not only prioritize your well-being but also build meaningful connections and have fun with your fellow residents. It’s about coming together, supporting each other, and embracing a healthier and more fulfilling lifestyle from anywhere you are.

Property managers, through their investment in these programs, are not just creating a healthier community; they are fostering an environment where residents feel valued and supported in their well-being journey. It’s about offering residents a premium amenity that saves them time and helps them lead a more fulfilling life right where they live. These events are a powerful retention tool, making residents more likely to stay and attracting new ones with the promise of a vibrant and engaging community

In the rental housing industry,

Communities with wellness initiatives saw resident retention improvements in the 6% to 8% range.

Here are some key benefits of wellness programs for resident retention in the multifamily industry:

Higher Tenant Satisfaction

Wellness programs can contribute to a healthier and more positive living environment, leading to increased tenant satisfaction and a greater sense of community.

Improved Resident Health

By promoting physical, mental, and emotional well-being, these programs can help residents lead healthier lives, reducing absenteeism and healthcare costs.

Enhanced Community Engagement

Wellness initiatives such as fitness classes, health workshops, and social activities can foster a sense of belonging and community among residents, leading to higher retention rates.

Statistical Evidence

According to the RAND Corporation's research, wellness programs have been shown to have a positive impact on health and cost outcomes, making them a valuable investment for the multifamily industry.

By implementing wellness programs, property managers can create a more attractive and engaging living environment, ultimately leading to higher resident retention and a stronger sense of community.