Security Systems News

NOV 2018

Security Systems News is a monthly business newspaper that reaches 25,100 security installers, product distributors, central stations, engineers & architects, and security consultants. Our editorial coverage focuses on breaking news in all major se

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meet Belle ® LTE designed for Verizon 4G LTE up to 30-day battery life smaller and lighter than ever learn more: ® Vivint's Smart Properties smart-home experience for their community." Vivint is working with communi- ty developers like Christopher Todd Communities, a Phoenix-based developer of rental smart home communities that recently signed a four-year agreement with Vivint to provide integrated smart home systems for its residents. "We chose Vivint Smart Proper- ties because it's the only solution that gives us all the technology, tools and customer service we were look- ing for in a single package from a trusted brand," Chad Bowman, vice president of operations at Christo- pher Todd Communities, told SSN. "We pride ourselves on offering our residents an innovative, luxurious way of living, and we now consid- er Vivint Smart Properties vital in doing that." Todd Wood, CEO of Christopher Todd Communities, said in the announcement of the Vivint agree- ment, that the ability to control cli- mate, lighting and door access from a single app on a mobile device was a key consideration. "Technology gives them peace of mind, package delivery to the door and saves up to 12% on heating and cooling costs," he said. Christopher Todd Communities noted that additional benefits of offering Vivint smart home services have included: • Faster lease-up velocity: Homes in the Greenway commu- nity lease more than three times faster than comparable market rate communities in the same market. • Higher acceptable rental and amenity rates: The Greenway units with the technology package rent for 30 percent more per square foot than average. • Increased property value: Installing Vivint Smart Home packages with other key technol- ogy enhancements has increased the valuation per unit, with some valued at $16,000 more than com- parable rental units. • Improved operational effi- ciency: Vivint Site Manager has reduced time spent on administra- tive and maintenance tasks by 10 percent. "The advantages of smart home technology are no longer exclusive to homeowners—multi-family and rental communities are the next evolution of smart home," Thom- as Few, vice president of business development at Vivint, said in a prepared statement. "Christopher Todd Communities is ahead of the curve and its residents will benefit." Jenkins continues to see growth within multifamily units and rental properties, extending the reach of the smart home. "There is some macroeconom- ic data that is pretty compelling around home ownership rates declining and rental population growing over the next few years," he explained. "Plus, there are microeconomic factors such as this generation of millennials who are going to be expecting smart home tech wherever they live. So it is the market for smart home combined with the macroeconomics com- bined with the fact that we are just tapping into the early adopters right now in this space." SSN Continued from page 1 CSG Continued from page 20 new brand can give dealers more confidence to talk about the breadth of Alert 360's offer- ings. "If you're not evolving with the times as a company, I think it's really difficult to prosper." Alert 360 has more than 220,000 customers and around $9 million in recur- ring monthly revenue. The company grows organically and by acquisition, complet- ing about 14 acquisitions in the past three to four years, and it is on the look out for more acquisition opportuni- ties, Ginsburg said. Eighty percent of the com- pany's business is residential, with 20 percent commercial. "Commercial has been steadily growing every year. The company was about 95 percent residential about four years ago. That's gone up quite nicely," Ginsburg said. SSN novembe R 2018 S e CURITY SYST em S ne WS Residential s ystems 22

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