Press releases & articles - December 2024

Transformational Esusu and Avanath Partnership Drives $162 Million in Financial Impact, Empowering Renters Towards Wealth Creation
Morning Star

Today, Esusu, a pioneering company revolutionizing rent reporting and financial health solutions, and Avanath Capital Management, an industry-leading multifamily owner and operator focused on affordable and workforce housing, proudly announce the transformative outcomes of their partnership, offering on-time rent reporting to over 20,000 residents nationwide. The partnership has delivered measurable financial empowerment, with 63% of residents improving their credit scores and $162 million in financial opportunity unlocked for renters.

Senior Housing’s Affordability Problem: As the Population Ages and the demand for Senior Housing Continues to Grow, Affordability has Emerged as a Concern
Institutional Real Estate Americas

Renter demand is strong, Avanath founder Daryl Carter says, in part because seniors are underserved with affordable options in those markets. Another reason occupancy is so high is that residents rarely leave by choice. “A top concern is keeping residents healthy and supported so they do not have to transfer to assisted living or skilled nursing communities,” Carter notes. “When they do move out, it is typically because they require a greater level of care.”

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