Xeal, an EV charging infrastructure and smart technology company working in the multifamily sector, today announced a partnership with Harrison Street, an investment management firm in alternative real assets, according to a press release.
Xeal says through this partnership it will install more than 300 EV charging stations at different locations in Harrison Street properties. These include senior and student housing, life science and medical office properties in California, Massachusetts, Texas and Virginia.
The company’s EV charging solution is the driving force behind Harrison Street’s selection, which says it wants to cater to the need of top-notch amenities for its residents and tenants. A recent trend shows “would be” homeowners, priced out of the market due to factors such as mortgage rates or supply, staying as high-end renters. Xeal believes these residents prefer amenities like EV charging technology, and says it intends to meet these demands.
“We believe that our EV charging technology and self-reliant communication architecture is the most accessible and dependable choice for their residents and visitors now and in the future,” stated Alexander (Zander) Isaacson, co-founder and CEO at Xeal, in the release.
Isaacson added that building more EV charging will attract more customers, which will also accelerate the use of clean energy.
Xeal’s EV technology is enabled by an Apollo protocol, which utilizes “encrypted tokens and distributed ledger technology for communication.” It says this eliminates expensive IT/network infrastructure upgrades and results in higher investment returns. It also says the software enables owners to install three times the number of EV charging stations, without electrical upgrades.
“Partnering with Xeal on the initial rollout of more than 300 technologically advanced, highly reliable EV charging stations will allow us to both support and measure avoided emissions from vehicles. As we move toward a net zero carbon economy these types of initiatives help propel our communities into the future,” said Jill Brosig, Managing Director and Chief Impact Officer at Harrison Street, in the release.