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Conventional Multifamily

Modernizing Multifamily: Retrofitting Smart Technology for Efficiency and Competitiveness

Smart technology is reshaping multifamily performance. This new white paper may change the way you think about operating and upgrading existing properties.

As operating costs rise, rent growth slows, and competition intensifies, owners and operators are under increasing pressure to improve performance. RealPage®, in collaboration with the insights and research team at Parks Associates, has released a comprehensive analysis of smart technology retrofits within the multifamily housing sector. Drawing on primary research and industry insights, this white paper explores how leading operators are approaching retrofits, where they are seeing the greatest returns, and which technologies are delivering the most impact.

This research examines how retrofitting smart technologies—such as managed Wi-Fi, access control, smart locks, and connected thermostats—helps properties reduce operational friction, centralize workflows, and build a foundation for long-term efficiency and competitiveness.

Download this white paper to gain actionable insights that multifamily owners, operators, and investors can use to prioritize upgrades, deploy solutions effectively, and compete more successfully in a rapidly changing market.

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