Bilt Rewards has appointed Doug Bibby as chairman of the Bilt Rewards Alliance. In the role, Bibby will work with Bilt’s network of multifamily owners and operators representing over 3 million units and growing.
Bilt Rewards is a loyalty program that allows renters to earn Bilt Points on rent while building credit and creating a path toward homeownership. Its network includes Greystar, Asset Living, AvalonBay, Equity Residential, Related Cos., GID, Starwood, Cushman & Wakefield, Bozzuto, Camden, Brookfield, Berkshire Residential, ZRS, Highmark, Beztak, Trammell Crow, PGIM, and many others.
“What drew me to Bilt was their positively disruptive business model that has literally turned the rent payment paradigm on its head,” says Bibby. “This exciting opportunity is a continuation of my passion to make the rental experience intrinsically and financially rewarding for residents as well as drive value for owners through resident retention and engagement.”
On Bibby’s appointment, Bilt CEO and founder Ankur Jain says, “We’re delighted to welcome Doug to the Bilt team. He is a renowned leader in the multifamily housing sector, and his commitment to environmental, social, and governance (ESG) is legendary and will be an important part of his new role.”
With a career spanning senior leadership positions in communications, mortgage finance, and residential real estate, Bibby most recently retired from the National Multifamily Housing Council (NMHC) where he served as president for over 21 years. During his tenure at NMHC, he led the team representing over 1,600 member firms in the $3 trillion multifamily housing sector.
When speaking of his new role, Bibby adds, “The social impact offered by Bilt can now be quantified as these accumulated rewards points can be used to pay rent, take trips, and spread wealth to local communities, all the while building bona fide credit histories. These benefits translate to measurable and significant social contributions, which will catch the attention of investors looking for ESG contributions from apartment companies.”