6B — September 29 - October 12, 2017 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers

Including YARDI, a property management software platform Castle Lanterra incorporating energy, security, connected home upgrades to its multifamily props. S

CLP. For property owners look- ing to attract millennials, it is essential to have cutting-edge electronic controls, environ- mentally friendly climate sys- tems and lifestyle amenities.” Improving Security through Access Control Residential communities with commercial tenants pose a specific challenge when it comes to ensuring the security of tenants and their guests. For instance, CLP’s 369-unit class A Regatta Sloan’s Lake multifamily complex in Den- ver, CO has multiple retail

tenants. Facilities including the community’s fitness center, co-working space, and parking garage that offers first-floor access to the public must be access controlled. CLP invested in System Gal- axy, an electronic security program that improves security and offers cost savings by elimi- nating the need to change locks or replace keys. Centralized in YARDI , a property management software platform, the keyless “smart lock” fob system allows the prop- erty manager to remotely limit access to the community’s build- ings and amenities 24/7. Ten- ants must use programmable key fobs to enter their buildings and apartments as well as all common areas and resident-only floors in the garage. Investing in Energy- Saving Automation Smart home automation is gaining popularity as an amenity in multifamily resi- dences as sophisticated renters demand the ability to control their living spaces remotely. For instance, CLP offers the Nest Learning Thermostat as part of its value-add packages with select property renova- tions. The smart thermostat can help reduce energy costs as much as 30%. Smart technology has evolved into energy management plat- forms specifically designed for the multifamily industry. CLP recently went online with the Dwelo smart apartment platform at Villas Tech Ridge, a 350-unit luxury apartment complex in Austin, TX. This community was developed as part of the Austin Energy Green Builder Program, the na- tion's most successful sustain- able building program. The Dwelo platform allows CLP’s property management team to better understand and control energy consumption and security at the property. The ability to remotely man- age thermostats and lighting as well as locks throughout the complex saves tens of thou- sands of dollars annually in areas ranging from managing temperature fluctuations in va- cant apartments to key control. CLP is also using one of the most advanced building management systems on the market, Rentlytics, to capture, maintain and analyze data that can provide valuable insights into its property and portfolio performance. n

UFFERN, NY — For Castle Lanterra Prop- erties (CLP) , adding “smart home” elements to its multifamily properties is a ne- cessity in order to attract and retain tenants of all ages. The NY based, privately-owned real estate company sees the wealth of benefits smart technology offers ranging from enhancing the resident experience to im- proving operational efficiencies as integral to its investment strategy. “What began as a conve- nience that allowed homeown-

“Smart” property management systems benefit tenants and bottom lines at class A Regatta Sloan’s Lake multifamily complex.

ers to control their living envi- ronment via smartphones has evolved into an essential tool

for multifamily property and portfolio managers,” said Elie Rieder , founder and CEO of

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