April 19, 2024 7:52 pm
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SmartRent launches $31M partnership with Lennar

(Disclosure: Rose Law Group represents Lennar.)

By Andy Blye | Phoenix Business Journal

Scottsdale-based SmartRent, an apartment and home technology company, announced a strategic investment led by Lennar Corp. worth $31 million to help expand its line of products for homebuilders.

SmartRent offers products such as leak-detecting sensors, cloud-based access control panels, software to enable self-guided tours and in-ground sensors for parking management. The company has traditionally integrated this tech into apartments and rentals, so the new homebuilder and homebuyer vertical will come under the Alloy SmartHome brand.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.