DS News

DS News December 2022

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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Page 45 of 99

44 Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month. SVN|SFR CAPITAL MANAGEMENT SIGNS MOU WITH SMARTRENT SVN|SFR Capital Management, a private commercial real estate investment firm dedicat- ed to the single-family Build-for-Rent (BFR) housing sector, has announced its partnership with property technology solutions provider, Smar- tRent. SmartRent's smart home solutions aim will assist SVN|SFR reduce costs and increase operational efficiencies within its dedicated rental communities while enhancing resident quality of life, safety, and retention. "Smart home tech has become a critical piece in today's dedicated rental communities and the majority of renters are willing to pay an increased price for homes with integrated smart technology," said Jeff Cline, CEO of SVN|SFR Capital Management. "With SmartRent's daily operational process solutions, both SVN|SFR and single-family rental tenants will benefit through tenant technology automation and asset protection." As the BFR housing market alternative re- mains hot within commercial real estate's (CRE's) investment asset segments, SVN|SFR plans to acquire and aggregate approximately 35,000 new construction BFR homes over the next five to seven years, depending on economic conditions and tenant demand, through an initial capital raise of $12 billion in equity and debt capital, for eventual disposition at stabilization as a large-scale institutional rental home portfolio. "Today's operators and renters are looking for the modernization, optimization, and conve- nience that technologies bring, and we're pleased to partner with SVN|SFR to usher in the smart solutions era for their properties," said Lucas Haldeman, CEO of SmartRent. "Implementing SmartRent's hardware, software, and monitoring tools will further empower SVN|SFR's teams to focus on enhancing resident experience and satisfaction, all while boosting operational and financial efficiencies across communities." SmartRent's suite of products and services promotes a convenient and modern living expe- rience to residents. Supported smart hardware includes, but is not limited to, keyless locks, Ring doorbells, switches, dimmers, plugs, lightbulbs, thermostats, voice assistants, along with leak, motion and door sensors. Prospective residents/ tenants can also enjoy the ease of self-guided tours and can select to add monitoring services to their residences via Ring devices for added security.

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