Bilt has acquired Livly for an undisclosed amount, integrating a comprehensive property management software provider into its operations. Livly specializes in delivering cost-effective, user-friendly tools and analytics designed to simplify property management, enhance resident satisfaction, and increase net operating income for landlords.
Livly's platform includes several key components. Its Portfolio Management system unifies properties under one intuitive system, aiming to boost efficiency and brand consistency. The Livly Resident App focuses on community features and drives high engagement metrics linked to increased resident satisfaction and renewals. For daily operations, the Property Hub simplifies tasks with AI and automation, while Livly Connect integrates with most hardware systems. Additionally, Livly offers Resident Events Powered by Circuit, providing fitness and lifestyle services to enrich resident experiences.
This acquisition represents a strategic move to deepen engagement within the rental housing ecosystem. Livly's robust suite of tools, which spans operational efficiency, resident engagement, and community building, complements efforts to create a more integrated and valuable experience for both property managers and residents. The combination of Livly's technology with Bilt's existing framework is anticipated to streamline property operations and elevate the resident journey through enhanced services and connectivity.
The combined entity is poised to offer a more holistic solution to the rental market. This integration is expected to provide property managers with advanced tools for efficiency and resident retention, while simultaneously enriching the living experience for residents through a unified platform that addresses both operational needs and lifestyle amenities.