22
Properties
8%
Annualized Adj. EBITDAre*
9
Operators
The increased priority on holistic wellness has become a driving force within the fitness and wellness industry.
In recent years, consumers have begun to spend more time and money on their wellbeing. From relaxing spas to intense spin classes, the diverse offerings of fitness centers and wellness destinations have caught the interest of many in our culture, driving an expansion of both fitness and more broadly, the wellness industry.
Commercial fitness centers have stayed at the forefront of the industry by offering personalization within congregate settings. Similarly, climbing gym facilities provide a unique, challenging physical fitness experience with programming designed to improve strength, flexibility, and mindfulness. By allowing participants to focus on their individual passions and goals in a community setting, operators gain loyalty and retention—essential elements in the ongoing success of a facility.
Consumers are seeking immersive wellness experiences that offer both relaxation and rejuvenation, with hot springs resorts becoming especially popular for their natural healing properties, stress relief, and restorative environments. Our tenants make it their goal to motivate, educate, and ultimately to help consumers look and feel better than ever before.
*See Supplemental Operating and Financial Data for definition and calculation of this non-GAAP measure.