Integrating smart property technology (proptech) into multifamily properties — including co-ops, condos and gated communities — doesn’t have to break the bank. Newer systems and technologies can consolidate and streamline services by using smartphones.

Nimbio, a patented, low-cost cellular solution allowing every electronic gate and buzzer door to be opened with a cell phone, announces a partnership with Alfred International Inc., a leading manufacturer of residential, commercial and industrial grade door hardware.

The smart home tech industry was valued at more than $79 billion last year and is forecast to eclipse $537 billion by 2030. Given the numbers and outlook, smart homes — and the use of smart technology — will continue to rapidly transform residential living.

At its 27^th annual CONNECTIONS™ Conference today, Parks Associates released the white paper "Gating Access: Challenges in Multifamily Properties," in partnership with research sponsor Nimbio, analyzing the current state of access control adoption in the US multifamily housing market. At least 70% of multifamily property managers and owners are interested in each of the top four use cases for smart door locks.