AvalonBay Communities

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

EliseAI (previously called MeetElise) is an artificial intelligence (AI)-powered leasing agent (named Elise) that handles tedious communications with prospective tenants. EliseAI can be integrated with clients’ existing property management software. The tool has been adopted by more than 650,000 multi-family communities across the country, as well as large real estate investment trusts (REIT), such as AvalonBay (managing 86,000 apartments) and Equity Residential (managing 80,000 apartments). As of November 2021, the number of apartments that used the platform had increased by 275% over the previous 12 months.The company stated that EliseAI can save clients’ leasing teams around 2-3 hours per day. The tool can answer texts, emails, and calls 24/7 regarding availability, promotions, floor plans, tour scheduling, and many other topics. The tool also benefits prospective tenants because they do not have to wait for hours or even days to receive a response about properties from the agents. Many renters have experienced faster and friendlier responses from MeetElise when they search for apartments.In April 2024, EliseAI launched an advanced AI platform for real estate operators, serving over 60% of the top 50 in the industry. This platform, which managed more than 30 million conversations, enhances AI comprehension, privacy, and security. It supports various communication methods, integrates with major industry systems, and caters to different housing models. Key features include a ResidentAI suite, expanded Voice AI, and customizable AI personalities, aiming to improve operations, employee effectiveness, and resident satisfaction.

Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. With an alliance of the U.S.' largest real estate owners, Bilt Rewards will enable renters in more than two million units across the country to earn points just by paying rent. Launched in June 2021, Bilt Rewards boasts one of the highest value rewards programs on the market today, including one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country’s top boutique studios; limited-edition and exclusive collections of art and home decorations through the Bilt Collection, and the ability to use points for rent credits or towards a future down payment. Bilt has also partnered with Mastercard and Wells Fargo to create the Bilt Mastercard - the first and only credit card that can be used to pay rent with no fees. In October 2022, Bilt announced a valuation of $1.5 billion following a $150 million growth round to advance its loyalty program and credit card for renters.

EliseAI is an AI company developing a conversational platform for business automation. The platform tracks and instantly responds to new inquiries, schedules viewings, and consistently follows up with each and every prospect to make sure no lead is lost. Its virtual leasing assistant for rental housing helps real estate management companies of all sizes provide exceptional customer service, maximize revenue, and enable apartment managers to reduce property management costs.

CoreLogic is a provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations.  Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion.

AvalonBay Communities is a real estate company that offers property management, development, redevelopment, construction, and customer service.

<div>
 
 AvalonBay Communities is an equity real estate investment trust (REIT) company that is engaged in the development, re-development, acquisition, and management of multi-family communities mainly in New York, New Jersey, New England, the Pacific Northwest, the mid-Atlantic, and Northern and Southern California. As of September 2020, AvalonBay has direct and indirect ownerships in 294 apartment buildings (19 under development; 1 under redevelopment), comprising 86,676 units. 
 
</div>

AvalonBay

AvalonBay Communities, Inc. Named 2024 Regional Sector Leader by GRESB

Tools for automating property lease management workflow processes. Some startups handle the entire leasing process while others only handle part of the process (e.g., rent collection). Leasing tools for agents are included here.

These tools automate the property appraisal process. Appraisals are generally required by lenders before originating mortgages to buyers.

Tools for title and escrow, as well as transaction management;
1) Title and Escrow: These platforms provide settlement and closing services. They cover a variety of tools, such as, title search and examination, automated generation of closing disclosure, online notarization, automated fund disbursements using electronic cheques, etc. 
2) Transaction Management: These platforms generally enable various users (agents, buyers, sellers) to manage real estate transactions more efficiently. They bring all users and tools together onto a single platform to complete tasks like electronic signatures, seller disclosure forms, etc.

These tools essentially help agents in buying and selling activities, such as generating and managing leads, getting referrals, and searching for suitable homes for clients.

These platforms handle activities related to home maintenance and improvements. They either provide the services themselves or simply connect clients to vendors.

Companies that offer tools that allow renters or buyers to view homes without visiting the sites.

Companies that offer an online platform to match buyers and sellers of residential real estate properties.

AvalonBay

Featured Industries

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless