[June 20, 2017]

Vivint Smart Home Introduces Vivint Smart Properties for Property Developers and Managers

Vivint Smart Home, the leading smart home services provider in North America, today announced Vivint Smart Properties, the first comprehensive smart home solution designed for rental properties. Available across the U.S. and Canada, Vivint Smart Properties enables property developers and managers to increase the value of their properties by adding smart home technology as an amenity for residents, while lowering costs with more efficient property management.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170620005503/en/

Renters can manage their smart apartment from a single app. (Photo: Business Wire)

Vivint currently manages more than 18 million smart home devices for homeowners across North America. New research from the NAA and NMHC shows that demand for apartments is on the rise. Whether it's young professionals, couples, families or empty nesters, the country will add 4.6 million new apartment households by 2030.

Under the Vivint Smart Properties program, property managers of single-family rentals and multi-family apartments can select from a suite of professionally installed smart home products for their units, including smart locks, lights, doorbell cameras, indoor cameras, and thermostats. Using Vivint Site Manager, an interactive dashboard, property managers can manage tenant service requests and vacant units from anywhere. With remote control of unoccupied units, they can provide keyless entry for staff or contractors, as well as monitor energy use to save money.

Property managers can easily onboard new residents by transferring control of a unit's smart home system. Once a unit is occupied, privacy of the resident is paramount. While occupied, property managers can only access smar locks, and cannot regain full access of the system until the unit is vacated. Residents can then use smart home technology such as the Vivint Doorbell Camera to see, hear and talk to anyone on their front porch, as well as simultaneously unlock the front door or arm/disarm their security system.

"We anticipate smart home technology will rapidly become a staple for rental properties throughout the country," said Tom Few, vice president of business development at Vivint Smart Home. "With Vivint Smart Properties, property managers can enhance property value to attract residents, while residents get instant access to a smart home experience they can manage from a single app."

Vivint offers always-on cellular connection, maintaining constant connectivity regardless of the reliability of a resident's Wi-Fi. Through its smart assistant, Sky, Vivint leverages artificial intelligence to learn the rhythms and activities of a resident's home to provide intelligent recommendations and take action to streamline the home experience.

Recently named the No. 1 smart home services provider in the U.S. by Strategy Analytics, Vivint Smart Home is also on Fast Company's list of the World's 50 Most Innovative Companies for 2017.

For more information about Vivint Smart Properties, stop by the Vivint Smart Home booth #1731 at the 2017 NAA Education Conference & Exhibition this week in Atlanta or visit www.vivint.com/smart-properties.

About Vivint Smart Home

Vivint Smart Home is the leading provider of smart home services in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than one million customers throughout the U.S. and Canada. For more information, visit www.vivint.com.

Note on Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements concerning Vivint Smart Properties. These statements are based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially from those contained, anticipated, or implied in any forward-looking statement, including, but not limited to, the risk that users of Vivint's products and technology may not realize the expected benefits, and such other risks set forth in the annual report on Form 10-K of APX Group Holdings, Inc., Vivint's indirect parent, for the fiscal year ended December 31, 2016, filed with the U.S. Securities and Exchange Commission, or SEC (News - Alert), as such factors may be updated from time to time in APX Group Holdings, Inc.'s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Vivint Smart Home undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170620005503/en/

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