Intelligent Home Technology Provider Adds Key Partners, Leadership Hires to Support Growing Demand
TAMPA, Fla., Sept. 14, 2022 /PRNewswire-PRWeb/ -- Today, iApartments, leader of intelligent home technology for multifamily communities, is sharing notable momentum that firmly positions the company as one to watch in the proptech space. Founded in 2018, the company has seen explosive growth over the past year, including a more than 450 percent increase in properties served and a 585 percent increase in units served year-over-year. The increased demand for its solution has caught the eye of several key players in the multifamily space, spurring key partnership integrations with property management software leaders like Yardi, RealPage and Entrata.
"Smart home technology for multifamily is a proven and booming market - and as veterans in this industry, we know what it means to serve the evolving needs of apartment owners and managers and are doing so again as second movers with iApartments," said Dave Magrisso, CEO of iApartments. "Instead of making a decision based on their only option, multifamily owners and managers now have the luxury of evaluating for the best option when it comes to smart home technology. As a result, we are seeing explosive growth for our approach that helps communities evolve from smart homes to intelligent homes to improve the living experience for residents, as well as NOI for operators."
Despite a slowing economy, proptech continues to be one of the fastest growing sectors in venture capital funding - in the first half of this year, a record $13.1 billion was invested in real estate and proptech ventures, according to a recent report from the Center for Real Estate Technology & Innovation - which is a $700 million increase compared to the first half of 2021. With so much investment in the space, proptech companies are learning it's sink or swim - and with an astounding 93 percent resident adoption rate for their technologies, iApartments is proving itself a strong swimmer. And it's not just residents that are enjoying the benefits; management teams are enjoying the benefits of asset preservation, as well.
"From an asset preservation perspective, iApartments has made a huge difference in our business, especially our proactive maintenance support package," said John Carlson, President of Mark-Taylor Residential. "iApartments has become a trusted partner we simply could not do without."
To keep pace with demand, iApartments appointed two hires to its leadership team including Scott Stamillo as Chief Revenue Officer, and Gina Johnson as Vice President of Institutional Sales. Stamillo brings more than 15 years of multifamily experience having served in executive sales roles for ePremium Insurance and eSupply Systems. Johnson, a 20-year veteran of the property management industry, previously worked at Valet Living and Pacific Living Properties, among others.
iApartments plans to continue its high-growth trajectory including doubling the number of full-time employees and doubling installed units by the end of this year. For more information, visit https://www.iApts.com/.
About iApartments
iApartments transforms multifamily properties into intelligent apartment communities. Founded by multifamily and smart home trailblazers, iApartments combines its next-gen automation technology with a disruptive approach that removes the upfront challenges for new and retrofit communities so they can leverage the power of an enterprise-level platform, with the simplicity they need. From its turnkey smart home solution that improves asset protection to smart access and self-guided tours, iApartments enhances the living experience for residents, maximizes operational efficiencies for property managers and increases NOI for property owners, while delivering on ESG goals. iApartments is trusted by the world's largest apartment operators - for more information, visit https://www.iApts.com/.
Media Contact
Aimee Eichelberger, Superior PR, 312-952-1528, [email protected]
SOURCE iApartment
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