JVM Realty Expands Xeal Partnership to Install EV Chargers
Xeal, the only smart EV charging solution with a 100% uptime guarantee powered by its patented self-reliant computing technology, has announced a significant expansion of its partnership with JVM Realty, a leading vertically integrated multifamily real estate investment and property management firm. This partnership reflects the growing demand for sustainable and tech-driven infrastructure in the multifamily housing sector, especially as electric vehicle (EV) adoption accelerates across the Midwest.
Initially piloted in 2023, the partnership between Xeal and JVM Realty EV Charger has now expanded to include EV charging accessibility across JVM’s portfolio of 22 properties in Illinois, Indiana, Kansas, Missouri, and Wisconsin. This initiative aligns with JVM EV Charger Realty’s vision of enhancing sustainability efforts while improving convenience for residents. As the real estate landscape evolves, forward-thinking investments like these help property owners stay ahead of market trends and meet the expectations of modern renters. With over 188,700 EVs registered across these states as of Q3 2024, the need for reliable and accessible charging solutions continues to grow.
JVM Realty’s approach to real estate investment and management is centered on innovation and resident-focused amenities. The company has consistently integrated advanced technologies into its properties, ranging from controlled building access and managed EV Charger Wi-Fi to pet-friendly spaces and modernized parking infrastructure. EV charging is a natural extension of these efforts, providing a valuable service to residents while reinforcing the company’s commitment to sustainability and tech-driven solutions.
“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. We’re committed to anticipating what today’s renters need and tomorrow’s renters will demand as we are focused on seeing things through the lens of the customer,” said Steve Boyack, Chief Operating Officer at JVM Realty. “Partnering with Xeal ensures our communities offer innovative, tech-forward amenities that support sustainable growth and set us apart in a competitive market.”
The real estate market has witnessed an increasing shift towards sustainability-focused investments, and the integration of smart EV charging solutions is a key step in this direction. Xeal’s technology-driven infrastructure is designed to provide a seamless and maintenance-free charging experience, eliminating common issues such as connectivity failures and downtime. EV Charger Unlike traditional network-dependent chargers, Xeal’s patented self-reliant computing technology allows chargers to function reliably even in the absence of a network connection, ensuring uninterrupted service for residents.
One of the primary drivers of JVM Realty’s investment in EV charging is the evolving expectations of today’s renters. Modern residents seek frictionless and tech-enabled living experiences, leading property owners to invest in value-added amenities that enhance their property’s appeal. Xeal’s 100% uptime guarantee ensures that residents have access to dependable EV charging stations at all times, significantly contributing to operational efficiency and resident retention.
“JVM is setting a new standard for its communities by scaling investments in reliable, differentiated, and must-have amenities that meet the needs of the modern-day renter,” EV Charger said Zander Isaacson, CEO of Xeal. “We are thrilled to expand our partnership with JVM focused on delivering the best EV charging experience for residents across their portfolio.”
Beyond the immediate benefits to residents, investments in EV charging infrastructure also enhance the overall value of a property. EV Charger Properties equipped with EV charging stations tend to attract environmentally conscious renters and position themselves as future-proofed assets in the competitive real estate market. This aligns with a broader industry trend where property owners are recognizing the long-term benefits of sustainability initiatives, not only in terms of environmental impact but also in financial performance.
The multifamily real estate market in the Midwest remains strong, with demand for modern and sustainable living solutions driving property investments. EV Charger In Chicago, for example, apartment rental rates increased by 2.7% year-over-year in the first quarter of 2024, while vacancy rates remained stable at approximately 5.6%. These trends indicate a resilient housing market where competitive properties are those that offer innovative amenities, such as EV charging.
Similarly, key metro areas such as Indianapolis, Milwaukee, Kansas City, and St. Louis are witnessing significant growth in multifamily development. Population increases and urban migration patterns have contributed to heightened demand for well-equipped residential properties. As more people transition to EV ownership, access to charging stations will become an increasingly important factor in rental decisions, making JVM Realty’s investment in Xeal’s charging solutions a forward-looking strategy.
In addition to the financial and operational benefits, the partnership between Xeal and JVM Realty underscores a broader commitment to environmental responsibility. EV Charger The transportation sector remains a major contributor to carbon emissions, and the shift to electric vehicles is essential for achieving sustainability goals. By providing accessible charging solutions, JVM Realty is actively supporting the reduction of carbon footprints within its communities and encouraging the adoption of clean transportation.
For residents, having on-site EV charging options means greater convenience and peace of mind. Instead of searching for public charging stations or relying on limited at-home charging options, they can access reliable chargers within their residential community. EV Charger This not only saves time but also enhances the overall living experience, reinforcing JVM Realty’s reputation as a forward-thinking property management firm.
Looking ahead, the collaboration between Xeal and JVM Realty is likely to set a precedent for other multifamily property owners and real estate investors. As EV adoption continues to rise, the demand for integrated charging solutions will become a standard expectation rather than a premium feature. Forward-thinking companies that invest in smart and sustainable infrastructure today will be better positioned to attract and retain residents in the years to come.
The expansion of this partnership marks an important milestone in the evolution of multifamily real estate. By integrating Xeal’s innovative EV charging technology into its properties, JVM Realty is not only meeting the needs of today’s residents but also preparing for the future of urban living. This strategic initiative highlights the intersection of sustainability, technology, and real estate, demonstrating how modern property management firms can create lasting value through smart investments in infrastructure.
As the EV market continues to grow and sustainability becomes a top priority for both consumers and businesses, partnerships like the one between Xeal and JVM Realty will play a crucial role in shaping the future of housing. By prioritizing innovation and environmental responsibility, these companies are leading the way in building communities that are not only functional and convenient but also aligned with the values of a new generation of renters.
