LEWISVILLE, TX — Vitalis Smart Communities advised the ownership of Halcyon Castle Hills, a 324-unit multifamily property in Lewisville, Texas, converting an existing exclusive marketing agreement (EMA) into a bulk internet program. The conversion generates approximately $160,000 in additional net operating income annually.

The opportunity was uncovered through a systematic portfolio audit conducted by Vitalis. With six years remaining on the incumbent provider’s EMA, most operators would have considered the agreement untouchable. Vitalis identified the conversion as a high-priority opportunity and structured a path forward that replaced a zero-revenue agreement with a bulk program delivering 1 Gig speeds to residents.

The conversion required navigating an active agreement with an established provider, a scenario that demands both market knowledge and negotiating precision. Vitalis managed the process end to end, benchmarking the market, structuring the terms, and executing the conversion without disrupting residents or operations.

“Portfolio audits consistently surface deals that ownership groups didn’t know were available to them. Telecom agreements are one of the most underleveraged assets in multifamily real estate, and most owners don’t have the market visibility to know what they’re leaving behind,” said Meaghan Peek, Vice President.

The bulk program delivers both a reliable revenue stream and a meaningful amenity upgrade, giving residents a future-ready living experience.

About Vitalis Smart Communities

Vitalis Smart Communities is the nation’s leading telecom advisory firm specializing in connectivity solutions for multifamily communities, HOAs, COAs, and developers. The firm designs and negotiates bulk internet, managed Wi-Fi, and smart building infrastructure that increases property value and enhances resident experience.

Media Contact: Abigail Kind 802.881.9278