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DENVER–(BUSINESS WIRE)–UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that the Company was named the Smart Buildings Innovator of the Year for the second consecutive year by smart building developer, integrator and services provider Logical Buildings.
UDR continues to lead the Multifamily industry in technology innovation and has expanded its Smart Building policies and procedures to over 80% of the Company’s high-rise portfolio. Through utilizing Logical Buildings’ smart building mobile solution platform, SmartKit AI, the Company can monitor energy, equipment operations, and control HVAC temperatures from a single centralized real-time dashboard to lower energy costs, extract new streams of revenue, and reduce carbon emissions. This technology enables the Company’s buildings to reduce their annual common area energy consumption by over 10% compared to pre-installat