Bilt buys Livly, teams with Collective Residential in growth push

Bilt, a company that offers residents a platform to navigate and interact with their buildings and local neighborhoods, has acquired Livly, a smart-building technology provider. This acquisition, paired with a new partnership with Collective Residential, a property management company, marks a significant step in Bilt's growth strategy. By combining property management with smart-building tools, Bilt aims to enhance the resident experience and foster connections between apartments and the surrounding neighborhood economy.

This move is noteworthy in the real estate industry, as it highlights the increasing importance of technology in property management and the desire to create more cohesive and engaging community experiences. The integration of smart-building tools can also lead to increased efficiency and cost savings for property managers. For the paint industry, this trend towards smart buildings and connected communities may lead to new opportunities for innovative coatings and materials that can integrate with these technologies.

As Bilt continues to expand its offerings, it will be interesting to watch how the company balances the needs of residents, property managers, and local businesses. The success of this model will depend on its ability to provide tangible benefits to all stakeholders, such as increased foot traffic for local businesses and improved resident satisfaction. The paint industry should keep an eye on how these developments impact demand for coatings and materials in the multifamily and commercial sectors.

Originally reported by housingwire.com. PaintNews adds analysis for real estate & property readers.