A new generation of residential technology is reshaping expectations across the real estate sector, pushing developers, owners and operators to integrate smart-home functionality and connected-building systems that support efficiency, resident retention and long-term asset value. Features once viewed as premium amenities are increasingly being treated as baseline infrastructure by residents and investors alike.
Though the early benefits of smarter and faster technology look promising, these are still objections to overcome from many investors and managers. “While technology and AI are showing great potential, we’re not broadly adjusting our underwriting assumptions just yet,” notes Carly Stevenson, executive vice-president of property management at Avanath Capital. “The results have to prove out.”