Bilt buys Livly to build all-in-one multifamily platform
What's the deal? Bilt Rewards has acquired the technology platform of Livly, a smart-building software provider, and formed a partnership with property operator Collective ResidentialDealroom has a profile for this one. Try Dealroom →. Financial terms were not disclosed.
What each side brings: Livly supplies access control, package management and smart-home technology. Bilt runs a residential platform covering leasing, payments, engagement and renewal across more than 7 million homes.
The details: The combined platform will span leasing, housing payments, access control, smart thermostats, leak detection, EV charging, self-guided tours, amenity management and service requests. Under the partnership, Collective Residential will use Bilt to run the resident experience across its communities.
What's the endgame? Bilt wants to replace the many disconnected systems multifamily operators use with a single technology layer built around the resident. Livly adds the in-building infrastructure to link that software with day-to-day operations.
The strategy reaches beyond the building. Bilt aims to connect residential communities with nearby restaurants, fitness providers, travel services and other merchants, creating commercial opportunities around properties.
Why this matters to Bilt: "Most property management software was built to run buildings, not grow businesses," founder and chief executive officer Ankur Jain said. "We're giving operators a merchant network that drives real demand from the neighborhood economy around the property, and AI agents that work across the systems they already have."
What changes for customers? Current Livly customers will move onto Bilt through an integration plan meant to preserve their building-management tools while adding housing payments, AI-powered concierge services, rewards and neighborhood experiences.
The backstory: Livly was originally built by multifamily operator FLATSDealroom has a profile for this one. Try Dealroom →, now part of Collective Residential, to solve recurring operating problems at apartment communities.
The signal: The deal reflects a push to consolidate fragmented proptech into fewer platforms, tying property operations to the wider neighborhood economy around residential buildings.
Read more: citybiz.co
Image credit: Generated with Gemini
