A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Bilt is taking its residential property technology out into the neighborhood, announcing the launch of two new platforms designed to help local businesses and event venues attract customers and build loyalty. It is essentially taking the operating system it built for apartment rents and mortgage payments and deploying it across local area businesses, including hospitality, restaurants and sports venues.
The first offering, Neighborhood OS, is an artificial intelligence-driven system that works with restaurants, retail, gyms and other local businesses to attract customers, offer rewards and encourage repeat business. It does this by connecting the business's existing systems, like reservations and payments.
"We're helping local businesses tap into more commerce by being able to reach new customers and accept those reward...