Cortland Partners Grows Footprint in Senior Housing with Launch of Active Living Community Platform

ATLANTA, GA – 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growing demographic of renters; but, our research shows that many of the communities built for this demographic are out-of-date and do not enable the convenient, flexible and active lifestyle many older adults want,” said Steven DeFrancis, Cortland Partners CEO.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 delight in 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 making 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 make communities that provide the living experience that helps older adults truly delight in the next chapter in their lives.”

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Consumers Continue to Complain about Servicer Issues

Servicer Issues
(RECAP: Mortgage servicing remains a sore spot for consumers, especially those having problems paying their loans. The Consumer Financial Protection Bureau (CFPB) has released its latest monthly consumer complaint snapshot, putting a spotlight on mortgage complaints. Since CFPB launched its Consumer Complaint Database in June 2012, it has handled over 850,000 complaints across all financial products. As of April 1, 223,100 of those complaints were mortgage related. The Bureau has grouped mortgage complaints into three categories – problems when consumers are unable to pay; confusion over loan transfers, and communication issues involving servicers. “Today’s report shows that consumers are still running into too many dead ends and obstacles in resolving issues with their mortgage servicer,” said CFPB Director Cordray. “The Bureau will continue to press to make sure that people can get the right information and the timely help they need.”)

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Altís Sand Lake Luxury Apartments Becomes Largest Green Certified Multifamily Community in Orlando

ORLANDO, FL – The Altman Companies has a lot to celebrate in Orlando. It just finished up construction on the 315-unit Altís Sand Lake in the Dr. Phillips neighborhood.  A ceremony was held Wednesday, April 13 at Altís Sand Lake and at the same time, the company was awarded the National Green Building Standard (NGBS) Green Certification by Michael Luzier, president and CEO of Home Innovation Research Labs.  

Altís Sand Lake is the largest NGBS Green Certified multifamily community in Orlando, in terms of number of certified buildings. The development has 13 separate buildings.

The NGBS is an ANSI-approved national rating system used to gauge the performance of residential construction based on six key categories: energy efficiency; water efficiency; resource efficiency; lot development; operation and maintenance; and indoor air quality.

NGBS Green Certification is provided by Home Innovation Research Labs, an accredited third-party testing and certification agency and an independent subsidiary of the National Association of Home Builders.

Altís Sand Lake is an amenity-rich, luxury rental community with one-, two-, and three-bedroom homes. Some of the key green features include programmable thermostats with humidistats, high-efficiency water heaters, individual unit electric meters and sub-meters, 100 percent energy-efficient designer lighting, and ENERGY STAR refrigerators.  All of these features allow renters to use less energy and save money on their power bills.

Altís Sand Lake saves enough energy to power 41 homes per year, saves enough water to fill 60 swimming pools per year and diverts 159 tons of waste from landfills per year.

“We are very proud that our company has achieved its first NGBS Green Certification,” said Joel Altman, chairman of The Altman Companies. “We at Altman are committed to see that our residents have an Exceptional Living Experience, and we are also environmentally conscious and care about a sustainable lifestyle. At Altís Sand Lake, we are able to give our residents both.”

“Attaining our third-party ‘seal of approval’ allows quality-minded builders like The Altman Companies to distinguish their properties from the competition,” according to Luzier. “Earning NGBS Green Certification means going beyond what’s simply required by code, to provide consumers with a better place to call home – an energy cost-saving, healthier, and more comfortable place to live. I applaud Altman for making this commitment at Altís Sand Lake for the benefit of its renters and the larger community.” 

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