The Lure of the Smart Apartment
News Article
March 31, 2016
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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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.
For entire article, click View More below.