AvalonBay Communities, Inc. Partners With Bilt Rewards to Introduce First Program for Residents to Earn Points on Rent
June 22 2021 - 7:00AM
Business Wire
AvalonBay Communities, Inc. will offer
residents a no-fee way to pay and earn points on rent with Bilt
Rewards and the Bilt Mastercard
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) today announces a
partnership with Bilt Rewards to offer the first and only rewards
program for residents to earn points on rent. Bilt Rewards will
roll out at AvalonBay communities later this year. Residents at all
AvalonBay communities will be invited to join the free program
where they can start earning points when paying rent through the
Bilt Rewards app. Additionally, AvalonBay residents will receive an
invitation for the Bilt Mastercard, an extension of Bilt Rewards
and the first credit card that allows users to pay their rent with
no annual fee and without burdening the building owner with ongoing
fees. With the card, AvalonBay residents can also earn points on
non-rent purchases, enabling them to maximize rewards
potential.
“Rent is the single largest expense for many Americans, so we
are always looking for opportunities to enhance the value our
customers derive from living at an AvalonBay community," says
AvalonBay COO Sean Breslin. "With the Bilt Rewards program, our
residents will not only earn points for travel and retail
purchases, but also accrue financial benefits to support their
purchase of a home just by paying their rent. We are proud to serve
as a launch partner and look forward to providing new value to our
residents in the future.”
Points earned through the Bilt Rewards and Bilt Mastercard will
be redeemable for a variety of rewards, including towards a down
payment on a home, supporting the desire of many Americans to
purchase a home at some point in their lives. In addition, points
can transfer one-to-one for travel with over 100 major airline and
hotel partners as well as be redeemed for fitness classes at
leading boutique studios, home décor and other products.
About AvalonBay Communities, Inc.
As of March 31, 2021, the Company owned or held a direct or
indirect ownership interest in 290 apartment communities containing
85,787 apartment homes in 11 states and the District of Columbia,
of which 15 communities were under development and one community
was under redevelopment. The Company is an equity REIT in the
business of developing, redeveloping, acquiring and managing
apartment communities in leading metropolitan areas in New England,
the New York/New Jersey Metro area, the Mid-Atlantic, Southeast
Florida, Denver, Colorado, the Pacific Northwest, and Northern and
Southern California. More information may be found on the Company’s
website at http://www.avalonbay.com.
Copyright © 2021 AvalonBay Communities, Inc.
All Rights Reserved
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Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
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