According to CNBC, Bilt launched two platforms that extend its rewards technology beyond residential properties to local businesses, hospitality companies and sports franchises. Neighborhood OS uses artificial intelligence to connect businesses’ existing systems and help them attract customers, offer rewards and encourage repeat visits. Bilt’s initial partners include Altamarea Group, AM Parking, Lowe’s and Thumbtack; the company says its rewards can be used at 50,000 merchants.

The second platform lets organizations such as sports teams, property companies, hotels and financial institutions offer branded membership programs linked to participating merchants. Initial members include the Houston Rockets, Phoenix Suns, Sacramento Kings, Related Companies, Hyatt, Constellation Brands and Bozzuto. Bilt launched in 2021 as a rewards program for rent and mortgage payments and later added credit cards. The company reports 8.2 million members and says it powers one out of every four apartment buildings.