In order to reduce many of these costs, we had to embrace technology more than we ever have.”īut reducing costs wasn’t AvalonBay’s only priority. So really, the only variables we could modify were amenities, elevator, utilities and staffing. Taxation doesn't change based on how you build a property. “It's really hard to reduce the price of land. “To provide lower-cost housing, we really had to look at every cost that is part of a development and where we could reduce them,” said Hollinger. But, with many real estate development costs as fixed expenses, the team had to critically evaluate where they could lower their overhead to pass those cost-savings onto their renters. With Kanso Twinbook, AvalonBay set out to reduce their operating costs while still delivering a modern and affordable resident experience. Instead of simply rolling out their existing approach, AvalonBay closely partnered with Latch to develop a holistic solution that turned their vision into a reality. But to make their idea come to life, the AvalonBay team needed a technology solution that could bring down their costs-without diminishing the resident experience. “AvalonBay built Kanso Twinbrook and created a new brand to focus on the idea that new development can actually be both higher tech and lower cost to the consumer,” said Karen Hollinger, Senior Vice President of Strategic Initiatives at AvalonBay Communities. By putting technology first, they have elevated the renter experience to keep residents comfortable-and connected-without the sky-high price tag of traditional luxury developments. Designed to offer the highest quality apartments at the most competitive price points, Kanso Twinbrook is the first development of its kind. With upwards of 90,000 apartment units across the country, they own and develop multifamily buildings in both urban and suburban environments to appeal to many types of renters.ĪvalonBay’s newest development, Kanso Twinbrook, is situated in Rockville, Maryland.
AvalonBay Communities is one of the largest real estate investment trusts in the world, and NMHC’s third largest apartment owner in the United States.
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