How technology can serve as an amenity
BY KALI PERSALL
Institutional Real Estate Inc.
As larger garden-style and mid-rise operators search for the next “it” amenity in new construction, small-scale apartment assets of less than 50 units, which comprise the majority of apartment properties in the United States, are often limited by space or resources constraints.
For all the attention given to resident preferences, there is relatively little addressing how technology can be leveraged as a resident-facing amenity and a tool to achieve scale, among other benefits. A recent paper by Veritas Investments, an owner/operator of smaller, classically styled buildings in irreplaceable locations across the San Francisco Bay Area and Los Angeles, explains how smaller assets can compete by utilizing proptech, which places innovation at the center of the resident experience and enables operational scale.
To read the full report, click here.