Aviiid has its genesis in the experience, learning and beliefs of its founders, derived through their extensive involvement with investment, development and operational management of retirement village and associated communities.
This involvement has shaped our focus towards addressing many of the existing shortcomings in the senior housing and related market.
Not only has it been abundantly clear that inadequate supply, diminishing quality and suitability of property assets is a looming problem, it has also become apparent that the style and features of these residential assets are likely to be woefully inadequate to meet the aspirations of the upcoming generational wave of those who are better educated, better nourished, healthier, longer-living and more engaged in their Third-age of living.
Further, despite Australia boasting the fourth largest pool of superannuation funds in the world, very few of these financial resources have been allocated to providing tangible benefit for people who have thus far made the largest contribution to those funds: those aged over 55.
Our recognition of these combined factors: impending increased demand; existing supply constraints of appropriately designed and maintained resources, and a growing pool of retirement funding that could be returned to investors both in a conventional financial manner and in an alternative form ensuring superior living choices that encourage ageing in place, led us to develop an integrated solution to address them in a more efficient, transparent and fairly priced manner. This is the origin of the Aviiid Group. An integrated solution.
Aviiid Third-age Living was formed in 2009 with the best available human resources, intellectual property, commercial infrastructure and property development pipelines acquired from a number of previously prominent industry participants.
The establishment of The Aviiid Foundation in November 2009 was an integral first step in a series of long-term initiatives to cultivate benevolence and promote greater engagement in the Third-age of living.
Aviiid is working on behalf of selected wholesale investors to finalise due diligence on a portfolio of assets to form the basis of an early 2010 target release of its flagship Aviiid Australian Fund No 1. We are also foreshadowing subsequent initiatives to finalise joint venture investment mandates of offshore assets in Aviiid Fund No 2 and a complimentary follow-on fund.
The vision and direction of the Aviiid Group is inspired by our core values, including an overriding sense of social responsibility and commitment to fostering greater benevolence. Aviiid believes that it is the moral and economic imperative of our society to offer sustainable and appropriate living options for people at all stages of life, not just for those of working age.