On this weblog submit, we present you easy methods to construct an event-driven and serverless resolution for property leasing and search that’s scalable and resilient. This resolution was created for AvalonBay Communities, Inc.—a number one residential Actual Property Funding Trusts (REITs). It permits:
- Greater than 150,000 multi-parameter searches per day
- The processing of greater than 3,500 lease functions and 85,000 particular person hire funds monthly
AvalonBay is an fairness REIT. The corporate has a protracted monitor file of creating, redeveloping, buying, and managing residence houses in prime U.S. markets. AvalonBay builds long-term worth for patrons utilizing progressive know-how options.
The corporate understands that data-driven insights contribute to focused enterprise development. However AvalonBay discovered that managing the complicated interdependencies between a number of knowledge units—from actual property and property administration methods to monetary and cost methods—required a brand new resolution.
The problem
AvalonBay owned or held a direct or oblique possession curiosity in 293 residence communities containing 88,405 residence houses in 12 states and Washington, D.C., as of September 30, 2022.
Of those, 18 communities have been beneath growth and one was beneath redevelopment. This offered a singular problem to each inner and exterior customers seeking to search and lease residence models based mostly on multi-parameter choice standards in geographically dispersed areas. For instance, discovering models in buildings with particular facilities,…
