Multifamily Properties Get Big EV Charging Boost in Midwest

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JVM Realty Corporation, a major multifamily real estate investment and property management firm in the Midwest, has partnered with “smart EV charging” company Xeal to bring EV chargers to more than 20 multifamily properties across the Midwest.

Xeal claims that it is the only EV charging solutions provider that can guarantee 100% uptime — thanks to its “patented self-reliant computing technology.”

After a successful pilot program with Xeal, JVM is now rolling out EV charging to its 22 properties across Illinois, Indiana, Kansas, Missouri, and Wisconsin.

“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,” the company states. “JVM’s partnership with Xeal is part of the company’s commitment to innovation by providing digital-first, seamless living experiences, including controlled building access, smart technology, and EV charging infrastructure. The company integrates the core offerings for leading multifamily properties, from managed Wi-Fi to pet amenities and critical parking infrastructure, ensuring its properties stay ahead of market trends.”

This is definitely what we need to see more of. EV life is extremely easy for people who live in detached residential homes, or anyplace with a dedicated plug by their parking space. However, multifamily properties often lack that, and there are many people living in them who would love to enjoy the benefits of EV life.

“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.”

That sounds good, but that really should be the norm, right? Perhaps JVM Realty’s leadership in this segment of the market will push competitors to do the same, starting a trend that should catch on like wildfire. More and more electric vehicles are hitting the market every day. I know I and others were asking multi-family properties about EV charging 6 years ago. I imagine the requests for that must be consistent and growing. Kudos to JVM Realty for being a leader on this, but at this point, this should be common sense, no? Properties will be able to attract more tenants, charge higher rates, and make residents happier with solid EV charging solutions — and that need is only going to grow.

Do you know of any other notable, large-scale rollouts of EV charging solutions at multi-family properties in the US? Or even in Europe or elsewhere for that matter? I believe JVM Realty is the biggest rollout I’ve seen to date.

Featured photo via JVM Realty.