Leading solution provider for owners / operators & residents

SmartRent is the category-leading smart home operating system for residential property owners and managers, home builders, home buyers, and residents. Founded in 2017, SmartRent is a proptech company that provides the real estate industry with fully integrated, brand-agnostic hardware and software solutions. SmartRent’s IoT operating system enables property owners, operators, and developers to decrease the complexities of property management, lower costs, and increase revenue.

SmartRent is a category leader

As a clear industry leader, SmartRent has more residential units installed and states served than all of its competitors combined. Fifteen of the 20 largest, national-footprint residential owners have already selected SmartRent as their enterprise-grade operating system for smart home technology.

Highly visible pipeline of demand

The company has a growing base of recurring revenue and has seen 0% customer churn since inception. SmartRent has an opportunity to generate up to $1.5 billion in annual revenue from existing customers alone.

Large addressable market

Having emerged as the category leader in the U.S., SmartRent is the only company among its peers poised to penetrate the multibillion-dollar smart home management market on a global scale across all asset classes in both retrofit and new development. The company's targeted market opportunity is larger than that of its competitors, since it is looking at a broader universe of markets that currently lack comparable solutions.

Significant growth opportunity

SmartRent intends to leverage Fifth Wall’s investor base of domestic and international real estate owners as the company expands into Western Europe, Japan, Southeast Asia, and more.

Experienced team with deep industry expertise

The SmartRent leadership team has decades of experience in property management and developing innovative technology.

Attractive financial profile

SmartRent expects to achieve positive EBITDA by 2022. Eighty percent of the company’s revenue projections for 2021-2022 come from already committed units, defined as both (i) units that are subject to binding purchase orders from customers and (ii) units that existing customers who are parties to a SmartRent master services agreement have informed SmartRent that they intend to order.