Xeal, the only smart EV charging solution with a 100% uptime guarantee powered by its patented self-reliant computing technology, today announced the significant expansion of its partnership with JVM Realty, a leading vertically integrated multifamily real estate investment and property management firm.

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“We are thrilled to expand our partnership with JVM focused on delivering the best EV charging experience for residents across their portfolio.”

Piloted in 2023, the partnership is now expanding, with over 20 sites planned for deployment across JVM’s portfolio in Illinois, Indiana, Kansas, Missouri, and Wisconsin. As of Q3 2024, more than 188,700 EVs were registered in these states, representing a wave of EV adoption, and JVM is focused on being prepared for this growth.

The multifamily real estate market across Midwest states remains strong, with steady demand and evolving resident expectations driving investment in modern amenities. The Chicago apartment market saw a 2.7% increase in asking rents year-over-year for the first quarter of 2024 with vacancies hovering around 5.6%. These metrics showcase the city’s healthy market resilience amid broader economic shifts. Similarly, key metro areas, including Indianapolis, Milwaukee, Kansas City, and St. Louis, are experiencing a surge in multifamily development fueled by population growth and increasing demand for high-quality, future-proof properties. JVM Realty’s commitment to innovation is evident in its investment in controlled building access, smart technology, and EV charging infrastructure, ensuring its properties stay ahead of market trends.

Partnering with Xeal, JVM is expanding EV charging accessibility across its portfolio, supporting the rapid adoption of electric vehicles while enhancing resident convenience and sustainability efforts. This strategic investment aligns with the region’s evolving real estate landscape, where sustainable and tech-forward amenities are key to attracting and retaining residents.

“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,” 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.”

Today’s residents expect seamless, tech-forward living experiences, leading property owners to invest in critical value-add amenities that enhance appeal and strengthen resident satisfaction. Xeal’s 100% uptime guarantee infrastructure ensures reliable, maintenance-free EV charging, supporting operational efficiency and resident retention. These capital improvements not only contribute to higher leasing velocity but also build a future-ready property portfolio that meets the demands of today’s renters.

JVM’s latest expansion is part of the company’s broader approach to providing digital-first, seamless living experiences. The company integrates the core offerings for leading multifamily properties, from managed Wi-Fi to pet amenities and critical parking infrastructure.

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Source – Businesswire