Tampa proptech startup iApartments has formally partnered with UBS Realty Investors after working together for several years.
The partnership expands the company's technology installation in properties across the United States. The two companies started working together in 2020, but the formal partnership represents continued interest from a significant player in the industry, Chief Product Officer Steven Fiske said.
"We've had a really good and long relationship with them, so we're working closely with them and phasing out different deployments across their portfolio," Fiske said.
iApartments is now finalizing a third installation of rollouts for UBS, representing over $7 million in contract value across six states, Fiske said. The Tampa company sells software and hardware that automates and digitizes asset protection and apartment devices, like thermostats and locks.
"The idea of utilizing an enterprise-level smart asset platform was attractive because it enables us to tackle operating efficiency, energy usage, and helped us improve our asset preservation strategy through their automated humidity and leak alerts products at scale," David McCarthy, executive director at UBS Realty Investors, said in a statement.
The partnership is part of the ongoing growth of the company, which launched in 2021. In September 2022, it announced it had grown to 40 full-time employees. Tampa Bay Inno named iApartments as one of the Startups to Watch in 2022, and Fiske was named a 40 Under 40 honoree in 2021 by the Tampa Bay Business Journal.
