Morgan Properties, the nation’s largest private multifamily owner, announced today a partnership with Kairos to launch Bilt Rewards, the first and only rewards program that allows residents to earn points on rent. Morgan Properties will introduce the program at select properties this fall.
Once available, residents at participating Morgan Properties communities will have the opportunity to join the free program and earn points through monthly rent payments and rent-related activities such as signing a lease or referring a new resident. Points can be redeemed as credit towards rent or a future down payment through Fannie Mae and the Federal Housing Administration
Points can also be redeemed for travel across over 100 major airlines and hotel partners; fitness classes at the country’s top boutique studios including SoulCycle, Rumble and Y7; and limited-edition and exclusive collections of art and home decor through the Bilt Collection.
“At Morgan Properties, we are always looking for unique and innovative ideas and technology to provide our residents with the best and most convenient experience possible,” says Amy Weissberger, Senior Vice President of Corporate Strategy for Morgan Properties. “By partnering with Bilt Rewards, our residents not only get to “Experience More with Morgan’’ and enjoy living in our great communities, but can also earn rewards for it as well. We look forward to officially rolling out the Bilt Rewards program to select communities this fall.”
“Housing is the single largest expense for the vast majority of Americans,” says Bilt CEO and Founder Ankur Jain, “And until today, rent has been the only major expense you couldn’t earn points through. Over a renter’s lifetime, that’s thousands upon thousands of dollars that they’ve never been able to earn something back on. With the launch of the new Bilt Rewards program, renters will now be able to travel, shop, or even start thinking about purchasing a future home just by paying their rent.”
Additionally, Morgan Properties’ residents will be among the first to receive an invitation to apply for the Bilt Mastercard – an extension of Bilt Rewards and the first credit card that allows users to pay their rent with no fees. With the card, renters can also earn points on non-rent purchases, enabling them to maximize rewards potential.
To learn more about Bilt Rewards and the Bilt Mastercard, visit BiltRewards.com.
About Morgan Properties:
Established in 1985 by Mitchell Morgan, Morgan Properties is a national real estate investment and management company headquartered in King of Prussia, Pennsylvania. Jonathan and Jason Morgan represent the next-generation leaders growing the platform and overseeing the business operations. Morgan Properties and its affiliates currently own and manage a multifamily portfolio comprised of 357 apartment communities and over 90,000 units located in 20 states, primarily in the Mid-Atlantic and the Northeast Region. The Company is the nation’s largest private multifamily owner and the second largest apartment owner in the country. Morgan Properties is the largest multifamily owner in Pennsylvania, Maryland, and New York. With over 2,500 employees, Morgan Properties prides itself on its quick decision-making capabilities, strong capital relationships and proven operational expertise.
Learn more about Morgan Properties at www.morganproperties.com.
Kairos is a portfolio of brands across healthcare and financial services that focuses on making life simpler and more affordable for our generation. We start by identifying the toughest problems and build products to solve them. We have built five Kairos solutions to date: Rhino replaces the security deposit, Cera provides affordable care from the comfort of the home, and Little Spoon is a modern parenthood brand to help keep your kid healthy. Bilt is the first rewards program that lets you earn points on rent. Alloy is a healthcare platform for women over 40. Kairos’ five brands have a collective market cap of nearly $1 billion.