KING OF PRUSSIA, PA — Morgan Properties, one of the nation's largest private multifamily owners, announced a partnership with Kairos to launch Bilt Rewards, the first and only rewards program that allows residents to earn points on rent. Morgan Properties will introduce the program at select properties this fall.
Once available, residents at participating Morgan Properties communities will have the opportunity to join the free program and earn points through monthly rent payments and rent-related activities such as signing a lease or referring a new resident. Points can be redeemed as credit towards rent or a future down payment through Fannie Mae and the Federal Housing Administration
Through its program, Bilt Rewards points can be redeemed for travel across over 100 major airlines and hotels via 1:1 transfer partnerships with American Airlines AAdvantage, Emirates Skywards, KLM-Air France FlyingBlue, World of Hyatt loyalty program and more; fitness classes including SoulCycle, Rumble and Y7; limited-edition and exclusive collections of art and home decor through the Bilt Collection, and can even be used for rent credits or towards a future down payment on a home.
“At Morgan Properties, we are always looking for unique and innovative ideas and technology to provide our residents with the best and most convenient experience possible,” said Amy Weissberger, senior vice president of Corporate Strategy for Morgan Properties. “By partnering with Bilt Rewards, our residents not only get to “Experience More with Morgan’' and enjoy living in our great communities, but can also earn rewards for it as well. We look forward to officially rolling out the Bilt Rewards program to select communities this fall.”
In tandem with the launch of Bilt Rewards, Bilt has also partnered with Mastercard to develop a first-of-its-kind co-brand credit card that not only enables renters to pay rent and earn points with no fees, but also meets the digital needs and expectations of today's consumers. Renters who enroll in Bilt Rewards and pay with their Bilt Mastercard can pay rent at any apartment or rental unit in the U.S with no fee, and can earn up to 2x points on rent and 1x points for every non-rent purchase. The Bilt Mastercard will be issued by Evolve Bank & Trust.
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