Related Rentals, the luxury apartment rental division of Related Companies, today announces a partnership with Bilt Rewards to offer the first and only rewards program tailored specifically for residents to earn points on rent. Throughout the coming months, Bilt Rewards will roll out at Related’s luxury rental buildings across the country.
Residents at any Related Rentals property are invited to join the free program. Once enrolled, members can start earning points by paying rent through the Bilt app and collecting bonus points through property and Bilt Rewards-specific promotions.
Related Rentals residents across New York, Boston, Chicago, Los Angeles, San Francisco, South Florida and Washington, D.C. will also be among the first to 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 fee. With the card, renters will earn points on all purchases, enabling them to maximize rewards potential.
“At Related, we believe in finding the most innovative ways to serve our residents and provide unparalleled services,” said Christopher Schmidt, senior vice president at Related Companies. “We are thrilled to be partnering with Bilt Rewards to offer our residents a new, convenient way to earn points and rewards while paying rent.”
“Rent is the single largest expense for the vast majority of Americans,” says Bilt CEO and Founder Ankur Jain. “Until today, the only way for renters to be rewarded for paying rent has come with significant fees. With the launch of the new Bilt Rewards program, renters will now be able to travel, shop or even start thinking about purchasing a future home just by paying their rent. We’re excited to work with industry leader Related to continue to enhance the residential experience by bringing valuable rewards to their rental residents.”
Points earned through Bilt Rewards and Bilt Mastercard are redeemable for a variety of rewards, including: one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country’s top boutique studios including SoulCycle, Rumble and Y7; and limited-edition and exclusive collections of art and home decor through the Bilt Collection. They can also be used towards rent credits or a future down payment on a home.
To learn more about Bilt Rewards and the Bilt Mastercard, visit www.BiltRewards.com.
About Related Companies:
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States with over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Grand and Related Santa Clara in California and The 78 in Chicago. Formed over 45 years ago, Related is the largest private owner of affordable housing and a fully-integrated, highly diversified industry leader with experience in virtually every aspect of design, development, acquisitions, management, finance, hospitality, sustainability, and sales. Related’s mixed-use, residential and commercial office properties have been consistently heralded for their placemaking vision – bringing together iconic design, arts and culture, dynamic programming, and innovative wellness programs. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. Related was named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information about Related, please visit www.related.com.
About Bilt Rewards:
Bilt Rewards is the first-ever rewards program that allows renters to earn points on rent and builds a path towards homeownership. Through a June 2021 launch partnership with the nation’s largest real estate owners including The Related Companies, Equity Residential, Starwood Capital Group and more, Bilt Rewards will enable renters in more than two million units across the country to earn points just by paying rent. Bilt Rewards boasts one of the highest value rewards programs on the market today, including one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country’s top boutique studios including SoulCycle, Rumble and Y7; limited-edition and exclusive collections of art and home decor through the Bilt Collection, and the ability to use points for rent credits or towards a future down payment. Bilt has also partnered with Mastercard to create the Bilt Mastercard - the first and only credit card that can be used to pay rent with no fees. Bilt Rewards is a Kairos company. For more information, visit www.biltrewards.com.
Jon Weinstein[email protected]
Lauren Doyle[email protected]