Xeal, the only smart EV charger solution with a 100%
Xeal, the only smart EV charging solution with a 100% uptime guarantee powered by its patented self-reliant computing technology, has announced a major expansion of its partnership with JVM Realty. JVM Realty, a vertically integrated multifamily real estate investment and property management firm, has committed to deploying Xeal’s EV charging stations across its properties to support the growing demand for electric vehicles.
Initially piloted in 2023, JVM Realty is now significantly expanding EV charging accessibility across its portfolio of 22 properties located in Illinois, Indiana, Kansas, Missouri, and Wisconsin. This move supports the increasing adoption of electric vehicles in the Midwest while enhancing convenience and sustainability for residents. As of Q3 2024, more than 188,700 EV chargers have been registered in these states, reflecting a broader shift toward electrification. By implementing Xeal’s technology, JVM Realty aims to position its communities as future-ready, sustainable, and tech-forward, ensuring they remain attractive in a competitive rental market.
JVM Realty’s investment in EV infrastructure aligns with its broader commitment to innovation and providing seamless digital-first living experiences. EV charger The company integrates a range of smart property technologies, from managed Wi-Fi and controlled building access to pet-friendly services and essential parking infrastructure. These investments reflect JVM Realty’s focus on staying ahead of market trends and catering to the evolving expectations of modern renters.
“As we strive to be the best place to live, work, and invest in multifamily real estate, JVM continually invests in innovative services for our residents,” EV charger said Steve Boyack, Chief Operating Officer at JVM Realty. “We’re committed to anticipating what today’s renters need and tomorrow’s renters will demand, always focusing on seeing things through the lens of the customer. Partnering with Xeal ensures our communities offer innovative, tech-forward amenities that support sustainable growth and set us apart in a competitive market.”
Today’s renters seek seamless, frictionless experiences, prompting property owners to integrate value-added amenities that enhance both appeal and resident satisfaction. Xeal’s EV charging infrastructure is designed to meet these expectations with a 100% uptime guarantee, EV charger ensuring reliability, operational efficiency, and maintenance-free charging. These enhancements not only improve the resident experience but also contribute to higher leasing velocity and long-term property value. By investing in sustainable, future-proof amenities, JVM Realty is strengthening its position as a leader in the multifamily real estate market.
According to Zander Isaacson, CEO of Xeal, “JVM is setting a EV charger new standard for its communities by scaling investments in reliable, differentiated, and must-have amenities that meet the needs of the modern renter. We are thrilled to expand our partnership with JVM, focusing on delivering the best EV charging experience for residents across their portfolio.”
The demand for modern amenities continues to shape investment strategies in the multifamily real estate market across the Midwest. The Chicago apartment market, for example, experienced a 2.7% increase in asking rents year-over-year in Q1 2024, with vacancy rates around 5.6%. Similarly, major Midwest metros such as Indianapolis, Milwaukee, Kansas City, and St. Louis are seeing increased demand for multifamily housing, driven by urban growth and evolving lifestyle preferences.
The expansion of EV infrastructure is becoming a crucial differentiator in the market as sustainability-focused policies gain momentum. Local and state incentives, EV charger alongside growing consumer preference for environmentally friendly options, are prompting developers and property managers to prioritize EV-friendly infrastructure. With more EV charger drivers making the switch to electric vehicles, multifamily properties that lack charging solutions risk falling behind in market competitiveness. JVM Realty’s proactive approach ensures its properties are not only meeting current demands but also future-proofing their investments.
Beyond resident convenience, the addition of Xeal’s EV chargers provides environmental and economic benefits. By reducing reliance on fossil fuel-powered vehicles, JVM Realty is actively contributing to lower carbon emissions and promoting green living within its communities. These efforts align with broader national and global sustainability goals aimed at reducing greenhouse gas emissions and promoting cleaner transportation alternatives. Additionally, properties equipped with reliable EV charging stations may qualify for green building certifications and incentives, further enhancing their value.
For JVM Realty, this initiative is also about operational efficiency. Unlike traditional EV charging solutions that rely heavily on external network connectivity, Xeal’s technology leverages a patented self-reliant computing system. This approach ensures uninterrupted service, eliminating the common issues associated with network failures or connectivity disruptions. For property managers, this means fewer maintenance concerns and reduced costs associated with troubleshooting and repairs.
The rise of EV adoption is reshaping expectations for multifamily housing, making it essential for developers and operators to integrate charging solutions into their communities. As younger generations of renters continue to prioritize sustainability, the availability of EV charging stations can influence leasing decisions and resident retention rates. JVM Realty’s collaboration with Xeal places it at the forefront of this shift, offering a sought-after amenity that aligns with changing consumer behaviors.
