Investment integrates Smart Apartment capabilities in upcoming Las Vegas developments
IOTAS, an innovator in premier smart apartment technology, announced today it has engaged in a portfolio engagement deal with multifamily apartment ownership group, TRU Development out of Las Vegas, Nevada. IOTAS’ smart apartment technology platform allows property managers and developers to bring a cohesive, connected Internet of Things (IoT) experience to residents.
In partnership with IOTAS – a Portland-based technology company – TRU Development is integrating a total Smart Home Technology Package in their upcoming Kaktus projects and will represent some of the first communities in Las Vegas to contain IOTAS’s distinctive technology. Each apartment will boast smart lights, thermostats, outlets, sensors, door locks and more that can all be controlled from a simple smart phone app, with Smart Stories automation, as well as voice control.
“Integrating smart tech is all about understanding the tenants needs within the multifamily mixed use environment. Having a better understanding of what creates a unique tenant experience will enhance the desirability of the project and will create a sense of ownership in a rental environment,” said Tim Deters, President of TRU Development.
Kaktus Life is a lifestyle brand that is promised to transcend the luxury apartment market in Las Vegas, Nevada. Kaktus Life promotes sustainability and leverages technology to enhance the tenants experience in all areas of the community. Silver LEED certification, SOLAR energy, Technogym fitness center designed by Amanda Barton, and the IOTAS Smart Home technology is how Kaktus Life is establishing this brand unlike anything that is currently available in the Las Vegas market today.
Tim Deters added, “My relationship and decision to choose IOTAS started with the CEO Sce Pike. Having an opportunity to meet her at her headquarters and walk through her business model helped me to have a better understanding of her as a business woman, what she values, our mutual desire for technology and creating a unique tenant experience that promotes sustainability and connectivity.”
TRU Development Company is comprised of a group of professionals based in Las Vegas, Nevada specializing in retail, office and residential real estate development and strives to build quality projects that exceed expectations while building strong relationships along the way. TRU is committed to excellence and to the success of its client in every project. The staff is pledged to uphold the highest financial, legal, ethical and environmental standards and are a trusted partner to their clients and investors.
“We’re excited to take our partnership with TRU Development to the next level for smart and connected communities,” said Sce Pike, founder and CEO of IOTAS. “The team of TRU Development is fantastic to work with, very forward thinking, and they also have a vast array of properties in Nevada and California. We are happy to continue to assist in adding substantial benefits for their residents as well as their property management teams.”
IOTAS delivers a fully-connected, smart home experience for residents and property managers that integrates IoT technology directly into multifamily units. IOTAS-enabled apartments support a wide variety of connected devices, including popular products like Honeywell, Google Home and Amazon’s Alexa. The IOTAS platform can currently be found in multifamily housing communities across 35 national markets in 25 states and in several regions of Canada by end of 2018. For more information, please visit: www.iotashome.com
IOTAS, which stands for IoT as a Service, is a Portland, Ore.-based developer of a smart home platform for the rental market. The company enables property developers to easily and quickly install smart outlets, switches, thermostats, door locks, sensors and more by streamlining the set-up and deployment process. With this premium offering, building owners and operators can attract new tenants and premium rents, while lowering utility and management costs. Residents have smart home technology as they move in that can be managed from an app, through voice control, and with automation. IOTAS has launched their technology in multifamily communities in 35 markets across the US and Canada. For more information, visit www.iotashome.com.
About TRU Development
Founder Tim Deters has over 20 years of development experience throughout the western United States, including vast experience in low, mid, and high-rise residential product. In addition to owning and developing nearly 7,000 multifamily units in Nevada, Arizona, and California he has also developed more than 3 million square feet of an urban village, mixed use, restaurant, retail, and professional space. During his career, Tim has assembled and developed two master planned communities and has worked with local, regional, and national companies on expansion and development projects. While serving on the Board of Directors for Integrated Financial Associates he oversaw a $600MM portfolio of loans and assets in 10 different states throughout the US. Tim is extremely well versed and experienced in all aspects of project entitlement, design-build, development, asset stabilization, asset disposition, and finance. Visit www.trudevco.com
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