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Livly hits record unit sales for multifamily software

Company says July's 22,513 apartment unit sales marks 70% increase of June's previous sales record

Livly, an enterprise-level resident experience and property management software provider for multifamily, today announced a 70% monthly increase in apartment unit software sales during July, according to a press release.

The company says its software sales expanded its platform to 22,513 units in July 2022, a record-breaking volume for the company and a 70% increase compared to the previous all-time record of over 13,000 units set last month. Livly says these sales records highlight continued momentum in the multifamily market, and believes the growth is driven by the advancement of its apartment app, LivlyOS.

“Livly has become the preferred PMS solution by Property Managers. We don’t take that lightly and will continue to evolve and innovate to best serve the needs of multifamily professionals and their residents,” stated Brian Duggan, co-CEO of Livly, in the release.

In addition to unit growth, the company also noted the expansion was spread across 14 states and 54 cities, and says its growth strategy has led the company to 38 states this year alone.

It says it now provides its digital property operations services to multifamily communities across 137 U.S. cities, with services including its Livly Resident Mobile App, online Livly Property Hub and resident events. Through these tools and services, the company says that it has created a “one-stop-shop” for multifamily property managers “who are looking for a cost-effective way to elevate resident experiences and increase revenue.”

This sales and geographic expansion comes almost two months after the company hired two multifamily industry veterans, Jon Wyant and Greg Toomey, to lead its growth. Livly also recently announced partnerships with SALTO Systems and ButterflyMX in order to integrate smart access and video intercom technologies into its platform, highlighting its application expansion.

“Property managers and residents are the foundation of the multifamily industry, and the impressive amount of growth we saw in July goes to show that more and more apartment communities want to use simple, modern technology,” stated Alex Samoylovich, Livly co-CEO and founder.

“Livly’s focus is to set up our property managers for success, especially against rising resident expectations. That’s why we provide them with tools, services, and functionality to confidently grow their communities and produce stellar event experiences for their residents. The results from this year thus far propel us forward to keep making apartment living better for everyone,” Samoylovich said.

In other recent proptech news, a new TREPP commercial sentiment survey found the office sector as most likely to see delinquencies. Stoa USA also secured another $100 million funding round from Cantor Fitzgerald.

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