New York, NY, June 5, 2024 - Bilt Rewards (“Bilt”), the leading real estate payments and rewards platform, today announced a strategic partnership with Thrive Communities, a major real estate and property management firm. This collaboration will redefine the resident experience for Thrive Communities across the Pacific Northwest, offering rewards and benefits on rent and everyday spend in the neighborhood. 

Thrive Communities, known for its commitment to exceptional living experiences, joins the Bilt Rewards Alliance, a network of the nation’s largest residential owners and operators. This partnership will drive resident loyalty and incentivize key resident behaviors.

Thrive residents can now earn rewards and get access to exclusive benefits on their rent and spend in the neighborhood on dining, rideshare, and more. The Bilt Points they earn can be redeemed for travel across hundreds of airlines and hotels, fitness classes, shopping, and even future rent payments. Additionally, Bilt’s new partnership with Alaska Airlines allows Thrive residents to convert Bilt Points at a 1:1 ratio into Alaska Airlines Mileage Plan miles. With all Thrive properties located in close proximity to the airports Alaska Airlines serves, this comes as a major benefit to residents. This new partnership with Bilt also allows Thrive residents to enroll in free on-time rent payment reporting to the three major credit bureaus: Equifax, Experian, and TransUnion. This gives renters an opportunity to build their credit scores at no cost.

“Thrive is committed to creating a sense of home for our communities, from leasing to resident experiences,” said William Jarrell, Chief Financial Officer at Thrive Communities. “Through our partnership with Bilt, we’re excited to offer residents rewards and benefits both at home and in the neighborhood. We’re thrilled to share that since launching, over 24 million points have been earned, and almost a quarter of our residents have already enrolled in rent reporting to the three major credit bureaus. Plus, nearly four million points have already been redeemed by residents for travel experiences, Amazon purchases and more.” 

Jarrell added, “Our partnership with Bilt aligns well with our initiative to transition to digital payments. With Bilt, Thrive is on track to reach 100% online payments by incentivizing residents with additional rewards, following a model used by major airline and hotel loyalty programs. This improves the rent payment experience for residents and streamlines operations for Thrive staff, all while boosting payment security.” 

“At Bilt, we’re dedicated to transforming the resident experience through rewards and benefits that help our members love where they live,” said David Wyler, Chief Commercial Officer at Bilt Rewards. “We’re excited to not only unlock rewards for Thrive’s residents but also ensure their team benefits from resident loyalty and cost savings.” 

About Bilt Rewards 

Bilt Rewards is the first program for consumers to earn rewards on payments and daily neighborhood spend. The Bilt Rewards Alliance was developed in partnership with the nation’s largest residential owners and operators, including companies such as Greystar, Asset Living, Willow Bridge Property Company, AvalonBay, Equity Residential, Related Companies, GID, Starwood, Cushman & Wakefield, Bozzuto, Camden, Brookfield, Berkshire Residential, ZRS, Invitation Homes, Highmark, Beztak, Nuveen, Trammell Crow, PGIM, and more. Bilt Rewards enables its members in millions of units across the country to earn Bilt Points just by paying monthly charges, while owners and operators benefit from resident loyalty and cost savings. For more information on Bilt Rewards, visit BiltRewards.com, and visit BiltAlliance.com. 

About Thrive Communities 

Established in 2008, Thrive Communities is a leading property management company. Thrive operates 23,000 units in the greater Pacific Northwest, from Seattle high-rises to garden-style properties in the Portland suburbs, and everything in between. Thrive offers full-service multi-family management and supports developer partners throughout the entire process. Thrive’s purpose is to create a community where people feel seen, because when people feel seen, they thrive. Additional information about Thrive Communities can be found at https://thrivecommunities.com/