Cortland Partners Brings Luxury to Active Living

Atlanta-based full-service multifamily investment and management firm
grows footprint in senior housing with launch of Attiva

ATLANTA–(BUSINESS WIRE)–Cortland Partners has announced the launch of “Attiva,” its new active
living community platform, which will specifically address the
housing needs of Baby Boomers seeking a high-end, purpose-built active
living community.

“Baby Boomers are the fastest growing demographic of renters; however,
our research shows that many of the communities built for this
demographic are out-of-date and do not enable the convenient, flexible
and active lifestyle many older adults want,” said Steven DeFrancis,
Cortland Partners CEO. “Through the launch of Attiva – which fittingly
means ‘active’ in Italian – Cortland Partners is addressing the lack of
purpose-built rental products for this key demographic by providing
communities that offer a luxury feel at a reasonable price, with
convenience and a sense of community.”

The Attiva brand solidifies Cortland’s growing portfolio of active
living communities, which includes properties in the Dallas-Fort Worth
metro area, with plans to expand into other markets. As with all
Cortland properties, these communities undergo significant renovations
meant to deliver a superior living experience through well-informed
interior design, high-end amenities and community spaces that promote
connectivity, flexibility and convenience. Legacy Senior Residences in
Fort Worth is the first community to be rebranded with the Attiva name
and is now rebranded as “Attiva Park.” The renovation process is well
underway with the apartment homes, resort-style swimming with cabanas,
and clubhouse undergoing renovations to bring the upscale design and
functionality residents of a Cortland owned and managed community have
come to know.

Compared to previous generations who favored traditional senior housing
options, many of today’s Baby Boomers are choosing active living and
rental communities. These communities are increasingly attractive as
they empower residents to connect with like-minded neighbors and enjoy
high-end amenities such as granite countertops, resort-style cabana
pools and luxurious finishes. Additionally, communities like the Attiva
properties reduce concerns and stress around home maintenance and
provide activities that support active lifestyles, such as exercise
classes, academic or spiritual programs and excursions.

“We have found that older adults aren’t just looking for a place to
live, they are searching for a community that they can call home and
make their own,” said Michael Hartman, Director of Investments at
Cortland Partners. “With our proven track record of creating value by
acquiring and renovating well-located communities and our in-house team
that includes construction, interior design, and manufacturing, we are
confident that we can create communities that provide the living
experience that helps older adults truly enjoy the next chapter in their
lives.”

Active living communities will remain a key component of Cortland
Partners’ growth strategy in the coming years and will include
additional property acquisitions in key markets. For additional
information on Attiva – Active Living by Cortland and Cortland Partners,
please visit www.cortlandpartners.com.

About Cortland Partners:

With a mission of “Creating Value for a Better Life,” Atlanta-based
Cortland Partners, is a full-service multifamily real estate
acquisition, development, and operating entity focused on providing
superior product offerings and customer service to its residents and
producing high-quality NOI performance that generates outsized,
risk-adjusted returns for its investors. Cortland Partners owns almost
35,000 apartment homes in 17 markets throughout seven states, primarily
in the Southeast and Texas. Cortland Partners has been recognized as a
National Multifamily Housing Council (NMHC) Top 50 Company (2016) and
one of Atlanta’s “2016 Top 50 Midsize Workplaces.” For more information,
visit www.cortlandpartners.com.

Contacts

Edelman
Eleni Herrington, 404-460-9673
Eleni.herrington@edelman.com