Parks Associates and Cox Communities Host Industry Webinar on Enhancement of Multifamily Housing with Smart Technology
DALLAS , Dec. 11, 2023 /PRNewswire/ — Parks Associates Multifamily Housing Research quantifies that multifamily resident satisfaction increases significantly when properties offer smart home technology. I am. 83% of his MDU residents who own smart home devices provided by the property are satisfied or very satisfied. Along with apartments and condos. Only 66% of people without these devices report the same level of satisfaction.
Connected technology brings new value and revenue to multifamily properties.Smart home technology increases resident satisfaction by 23%
Parks Associates, in partnership with Cox Communities, will present a research webinar, “Investing in Smart Tech: Real Estate Investments,” featuring executives from Level Home, Sunroad Enterprises, and Cox Communications on December 12th at 1:00 pm CT. “Practical Guidance” will be held. This event will explore the impact of smart home technology on the rental value of multifamily properties and how MDU owners and managers can leverage these services to attract high-income residents, improve their satisfaction, and Verify whether you can increase new revenue. Speakers will also share their real-world experiences and provide best practices when implementing these solutions.
“New apartment construction is at historic highs, putting downward pressure on rents,” said Jennifer Kent, vice president of research at Parks Associates. “It could help real estate compete and succeed.”
“We are thrilled to be partnering with Cox Communities,” said Vickie Rodgers, vice president and general manager of Cox Communities. “We are really excited about the solutions we have built for our multifamily customers that address issues such as real estate staff shortages, operational inefficiencies, and manual processes.”
This webinar includes key findings from our recent white paper, “Smart Living: Improving the Occupant Experience.” Parks Associates has found that broadband connectivity and automation technology are in high demand among his MDU residents and that these solutions are popular with residents once they are implemented. Almost 80% of people who use smart home devices and services provided by real estate are satisfied with these services.
This webinar, moderated by Jennifer Kent of Parks Associates, will feature the following speakers:
Guillermo Rivas, VP of New Business Development, Cox Communications Ned Murphy, CRO, Level Home Inc., Keagan Huerta, VP of Asset Management, Sunroad Enterprises
For more information, please contact Mindi Sue Sternblitz-Rubenstein (email protected) or call 972-490-1113.
About Parks Associates
Parks Associates, a woman-founded and certified company, is an internationally recognized market research and consulting firm specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates provides business intelligence and research services through proprietary methodologies developed over decades, including quarterly surveys of 10,000 Internet households.
The company's expertise includes home security and smart homes, streaming video, broadband and pay TV services, digital media and platforms, gaming, Wi-Fi and home networks, connected health, support, consumer electronics, home control systems, and energy. and many other industries. We provide management and technology solutions for the multifamily housing unit (MDU), small and medium-sized business (SMB), and commercial building markets.
Each year, Parks Associates brings together thousands of leaders for our webinars and annual events. The company hosts annual executive research and strategy conferences CONNECTIONS™, Connected Health Summit, Smart Energy Summit, Smart Spaces and Future of Video. https://www.parksassociates.com
contact:
Mindy Sue Sternblitz-Rubenstein
parks associates
972.996.0212
(email protected)
SOURCE Parks Associates
