Renew

Given the recent softening of demand for new leases, it is prudent for executives in the industry to adopt a broader perspective to resident retention. Rather than viewing residents only as customers of one community and one apartment home, operators should view them as customers of their brand.

Renew today announced it has been named a 2024 Influencer in Commercial Real Estate Technology by GlobeSt. The awards program recognizes companies and individuals who provide innovative technology applications for property owners and operators.

It would be fair to surmise that most operators will elect to automate their renewal processes within the next five years. It is still a new concept in the industry, however, and many properties remain stuck using the cumbersome manual process that often leaves both residents and onsite…

The top storylines in multifamily this week are Renew launches, preparing for disasters, fraud prevention in BTR, optimizing access control, replacing social perks with tech tools, unsexy amenities that attract renters, multifamily values drop, the strength of Columbus, Ohio and WOTUS veto.

Renew, a cutting-edge solution that automates and optimizes the entire resident renewal process to drive NOI, today announced its official launch. Founded by Rob Hayden and Kevin Murphy, two veterans of the rental housing industry, Renew has secured more than $8 million in seed funding.