CASE STUDY

Envoy Creates New Revenue Stream

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Empire

Luxury apartment building in Henderson, NV increases revenue through car sharing amenity.

This Las Vegas area luxury apartment community outshines competitors with unique on demand service and creates new property revenue stream. 

WestCorp

Management Group

$1750/mth

Average Rent 2B/3B

536

Units

May 2020

Envoy launch onsite

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Mobility and Charging as an Amenity

As of May 2021 (in-service 12 months)

117 Residents

Registered with Envoy

3,180

Hours Booked

565 

Bookings

$2,600

Monthly Usage Revenue

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ECO metrics

Tesla Model X

Vehicle

26,000 e-miles

Driven by residents

7

Carbon Emissions Saved

(Metric Tons)

113

Trees Planted

ENVOY TESTIMONIALS

An amenity to brag about

“I love the convenience. Best car sharing in the business. ”

Gabriel V., Resident at Empire

"I love having car sharing as an amenity because it allows me the freedom to have a second car when I need it and if there is a time when my car is in the shop I know I have an option to still get around affordably."

Tara F., Resident

"I think Envoy is an amazing concept and a huge selling point for our building."

Kelli V., Property Manager

BOOKING COUNT

Empire, Luxury Apartment — Henderson, NV

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EMPIRE Case Study
SUMMARY

Westcorp's Empire apartment community in the Las Vegas area is a great example of a property with consistently high usage and very happy residents and property staff. Because of the success of this property Westcorp is expanding Envoy into their portfolio. Westcorp decided to leverage their cap ex budget to prepay for the vehicle reducing their monthly amenity fee from $2,050 to $500. Avg usage revenue is $2,600 / mo, 50% of which is shared with the property covering their monthly fee and generating ~$800 /mo positive net revenue.