The Lure of the Smart Apartment

Thursday, March 31, 2016 | Kayla Devon

Smart home technology is an alluring proposition for the apartment industry: Provide renters with a home that integrates with and responds to their lifestyle, and ­increase rents, save on energy, and collect useful resident population data in return.

That’s the idea, at least, and a property owner in Portland, Ore., is betting it can make it happen. ­Almost two years ago, IOTAS, a start-up tech firm, partnered with local developer Capstone Partners to install smart home technology as a pilot program at the latter’s then-new property Grant Park Village. The program outfitted about half of the 210 apartments with wireless connected outlets; lights; locks; and ­water, motion, and temperature sensors.

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