2019 Multifamily Innovation Digital Magazine

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Artificial INTELLIGENCE AI HAS A LONG WAY TO GO IN MULTIFAMILY DESPITE THE HYPE BY: MATTHEW OHLMAN, CTO, SHADOW VENTURES IT’S NO SECRET that technology adoption in Multifamily has historically lagged behind other industries. Even though multifamily construction spending has experienced double-digit growth over the past decade (one of the highest growth rates across all types of construction), the industry is still slow to adopt new technology. Construction, in general, has a massive labor and productivity problem on the job site. Millennials and Gen-Z aren’t interested in manual labor and are instead drawn to professional jobs or less labor-heavy sectors. Productivity (measured as output per worker) for the Construction sector has remained flat while other industries, such as Manufacturing, have increased significantly over the past few years. But in Multifamily, design and construction problems are only the beginning. After delivery, properties have an unprecedented amount of competition and have to deal with sky-high expectations from younger renters. The challenges across the building lifecycle are cutting into margins and making workers busier than ever. cases for Artificial Intelligence. As a seedstage investor in Real Estate and Construction Tech startups, I get a unique first look at the technology innovation happening to solve these problems (and more) in the industry. Many startups are indeed claiming to use Artificial Intelligence – so many that it seems to be an unwritten rule that every startup pitch deck must now mention Artificial Intelligence, Machine Learning, or other related buzz-words. But while it may seem like Artificial Intelligence is a recent trend, it is in fact not new and has been heavily researched for decades. In 1950, Alan Turing wrote a now-famous paper describing what has since been named The Turing Test – still the standard today to judge if a machine can exhibit human-like thought. Yet in the 69 years since Turing published his paper, no computer has been able to pass the Turing Test. These problems sound like the perfect use Alan Mathison Turing was an English mathematician, computer scientist, logician, cryptanalyst, philosopher and theoretical biologist. 1 5 6
SUPER HERE Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Integer ac turpis euismod, consequat eros quis, porta est. posuere cubilia Vivamus augue sem. SUPER TEXT FLEXIBILITY° Achieve a whole new degree of flexibility with LG Air Conditioning Technologies • Compact and light-weight design reduces space and structural requirements • Minimally invasive to the building’s envelope • Industry-leading energy efficiency contributes to achieving LEED® certification Discover why LG Air Conditioning Technologies give architects and designers greater design flexibility. lghvac.com/flexibility ©2019 LG Electronics U.S.A., Inc., Englewood Cliffs, NJ. All rights reserved. LG Life’s Good is a registered trademark of LG Corporation. 1 5 7
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MULTIFAMILY INNOVATION SPECIAL EDIT
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12 Seeds of Innovation 16 2020 Best
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The Future of Multifamily Join us a
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RECOGNIZING GREATNESS IN MULTIFAMIL
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How does your company compare? Chec
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Multifamily Women The annual Multif
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(and yourself) is that the “win
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Patrick Antrim, Rosevelt Rawls, Eli
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2020 Company Profiles 1 7
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Live Life Well WHAT MAKES THEM GREA
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Passion and Experience WHAT MAKES T
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Taking Care of the Way You Live WHA
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Integrity, Honesty, Fairness WHAT M
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Talent Runs Deep WHAT MAKES THEM GR
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Invested WHAT MAKES THEM GREAT CORE
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More Than Just a Place To Live WHAT
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Living, On Your Terms WHAT MAKES TH
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A Better Outcome WHAT MAKES THEM GR
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Building Value WHAT MAKES THEM GREA
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Balance, Passion, and Drive WHAT MA
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Culture Starts at the Top WHAT MAKE
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Smooth Move Guaranteed WHAT MAKES T
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Opportunity, Expertise, Sustainabil
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Your Story Starts Here WHAT MAKES T
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Enhancing Lives WHAT MAKES THEM GRE
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Putting You First WHAT MAKES THEM G
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Pioneering Housing First WHAT MAKES
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Exceeding Expectations WHAT MAKES T
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Keep it Simple WHAT MAKES THEM GREA
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Building Community WHAT MAKES THEM
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Genuine Care for Everyone WHAT MAKE
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Going Beyond, Creating Value WHAT M
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Investing With Knowledge WHAT MAKES
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Building Better Living WHAT MAKES T
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MC Life Rocks WHAT MAKES THEM GREAT
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Investment & Management Foresight W
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Live the RMK Way WHAT MAKES THEM GR
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Building Community WHAT MAKES THEM
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Excellence and Passion WHAT MAKES T
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The Fogelman Difference WHAT MAKES
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Be Local. Live Local. WHAT MAKES TH
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Reputation Speaks for Itself WHAT M
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People, Process, Performance WHAT M
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A Clear Vision for Trust WHAT MAKES
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Break Boundaries Together WHAT MAKE
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Built To Be Home WHAT MAKES THEM GR
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Live Well, Live Weller WHAT MAKES T
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A Better Way to Home WHAT MAKES THE
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Authentic Experiences WHAT MAKES TH
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Management With a Purpose WHAT MAKE
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Growth, Innovation, People WHAT MAK
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Experience More WHAT MAKES THEM GRE
Page 105 and 106: Truly Feel at Home WHAT MAKES THEM
Page 107 and 108: The Mark of Excellence WHAT MAKES T
Page 109 and 110: Delivering Value WHAT MAKES THEM GR
Page 111 and 112: Your Lifestyle. Our Mission. WHAT M
Page 113 and 114: Boundless Ambition WHAT MAKES THEM
Page 115 and 116: Performance, Perfection, Integrity
Page 117 and 118: Above and Beyond WHAT MAKES THEM GR
Page 119 and 120: High Performance Results WHAT MAKES
Page 121 and 122: In the Center of Everything WHAT MA
Page 123 and 124: Into the Next Generation WHAT MAKES
Page 125 and 126: Making a Difference WHAT MAKES THEM
Page 127 and 128: More Than Just a Home WHAT MAKES TH
Page 129 and 130: Long-Term Success WHAT MAKES THEM G
Page 131 and 132: Ultimate Student Experience WHAT MA
Page 133 and 134: Innovative Leaders WHAT MAKES THEM
Page 136 and 137: BEST PLACES TO WORK MULTIFAMILY ®
Page 158 and 159: So why has AI now become the latest
Page 160 and 161: Digital Inclusion WHAT MULTIFAMILY
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Page 164 and 165: End of the Trade Show EDUCATION-BAS
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Page 168: Operations Simplified. The SmartRen
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2019 Multifamily Innovation Digital Magazine

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