• Propmodo Exclusive
  • Posts
  • Five Multifamily Communities Leading in Innovation and Sustainability

Five Multifamily Communities Leading in Innovation and Sustainability

Author

Nicholas Pipitone
July 23, 2024

Supported by Elevated Living

Multifamily Innovation Showcase

Multifamily real estate is at a turning point, with high demand but slowing rent growth and rising costs. Nearly half of U.S. markets saw rental prices drop, and inflation and interest rates are squeezing owners. Despite these challenges, the industry is innovating with efficient designs, new services, and impressive amenities. Increased competition and new developments are driving these changes. Our showcase, with the support of Elevated Living, highlights unique multifamily properties addressing current industry challenges.

Five Multifamily Communities Leading in Innovation and Sustainability

Multifamily real estate is at a turning point, marked by a slowdown after decades of rent growth and compressing cap rates. Despite high demand due to a housing shortage, the slowing economy is making renters more price-sensitive, and inflation is driving up operational costs. Higher interest rates add to the challenges, even as more investors enter the space and new apartments flood the market. These pressures have driven the industry to innovate, with developers maximizing space, engineers enhancing building efficiency, and owners introducing new services and amenities. This wave of innovation aims to address current industry challenges while maintaining affordability, sustainability, and resident comfort.

Elevated Living is a transformative 'All-in-One' platform for property management, integrating maintenance, amenities, rent payments, and concierge services into a single app. It uniquely combines software with hardware like smart locks and thermostats, enhancing resident convenience, security, and comfort, while redefining modern living experiences.

Our average client saves money and reduces resident app fatigue & fragmented operations platforms by consolidating over 7+ different resident apps, vendors, and service providers.

Elevated Living is a complete ecosystem of technology and services that saves managers time and delights residents. We manage people and services so your team doesn’t have to! See all the integrations and services we can bring to Elevate life for everyone at your community today.

Featured Communities

A Multifamily Community Designed to Help Tenants Lower Energy Consumption

READ ONLINE: https://propmodo.com/a-multifamily-community-designed-to-help-tenants-lower-energy-consumption/

Tampa Developer Uses Smart Design and Robotic Furniture for Affordable Living

READ ONLINE: https://propmodo.com/tampa-developer-uses-smart-design-and-robotic-furniture-for-affordable-living/

ADVERTISEMENT