Fitwel Affiliate Receives Strategic Investment from QuadReal Property Group
Active Design Advisors Inc. (Adai), an affiliate of the Center for Active Design (CfAD), the sole operator of Fitwel, has received a strategic capital investment from QuadReal Property Group (QaudReal), a global real estate investment, operating and development company headquartered in Vancouver, British Columbia.
New York City-based Adai will use the investment to further accelerate Fitwel’s technology infrastructure for ease of use at an enterprise scale and increase its ability to generate benchmark data to underpin operational value creation. Financial terms of the transaction weren’t disclosed.
QuadReal is the latest real estate industry leader to invest in Adai, joining RET Ventures and Kilroy Realty Corp. “As stakeholders increasingly recognize the health and wellbeing of building occupants as a business imperative, they are turning to tools to benchmark and validate data to quantify the value that healthy building strategies are delivering to their properties,” says Joanna Frank, president and CEO, Adai.