As technology continues to infiltrate the wide range of property verticals, from single-family rentals all the way to large commercial builds, property owners are still faced with one big question: how do you efficiently integrate and service proptech innovations?
One company that is working to answer this question is Allbridge, a self-described “trusted partner” for property technology solutions.
The company installs these utilities and technologies into properties based on the needs of clients, and says that its proptech solution can help mitigate project risk, increase property value and improve end-user experiences for hospitality, mixed-use, multifamily and senior living properties.
FinLedger spoke with Todd Johnstone, CEO of Allbridge, to discuss the company’s role in property technology, how it helps service these assets and its future goals in the sector. Johnstone was hired as CEO in late 2020, following executive roles at Convergys, Avaya and General Electric (GE).
Joe Burns: Can you describe Allbridge and the services you offer?
Todd Johnstone: I think what we’re doing at Allbridge is fairly unique. We coined it property technology, but if you think about a building — whether the high-end hotel, a branded hotel or multifamily units, senior living — what we do is upfront planning. We design, engineer, install and support the full technology in that property. So everything from the cable that comes in to the networking, WiFi access points, door locks, garage, HVAC, voice, video — we’ll design the end-to-end technology solution for the property.
We do that really targeted today in hospitality and multifamily. As far as growth opportunities, the solutions are generally transferable, even though the industries maybe at various stages of maturity.
JB: What have you seen as far as adoption and innovation, and what are people looking for going forward?
TJ: I think one thing to note is historically, even up until today, things like the electrical and mechanical are planned upfront, but early technology has been an afterthought in the building space. What people are looking for is, first, to understand how to make their technology interoperability better.