Arvida was created in late 2014 by pulling together 10 operators of 17 retirement villages in New Zealand and achieving agreement for them to combine and float the company on the NZ stock exchange. They raised $75 million with Arvida then valued at $210 million.

Their prospectus forecast a profit of $10.6 million for the first financial year to March. They however achieved a profit of $24 million. Their shares have risen from a launch at 95 cent to $1.25 in 17 months.