Amenities play a critical role in the success of a multifamily community. For current residents, they can make or break the decision to renew. Meanwhile, prospective residents will gravitate towards communities that offer amenities that cater to their varying lifestyles.
The top storylines in multifamily this week are renter income volatility and rent payments, preparing now for the surge in EV, using data to create actionable reports, investors’ concerns for the new year, increases in vacancies and the benefits of insurtech to track compliance.
Consumers have left no doubt that EVs are the future of American transportation. Multifamily developers are in a position to prepare now, installing an adequate number of chargers to meet today’s demands, as well as future-proof their portfolio as EV sales and adoption continue to skyrocket.
Xeal, a leading provider of EV charging stations and smarter technology for the multifamily industry, today announced an agreement with Friedman Realty Group to provide charging stations for FRG’s Philadelphia portfolio, bringing charging to communities situated on the historic Main Line of Pennsylvania.
The top storylines in multifamily this week are successful EV charger installation, how e-commerce can help property managers, technology’s impact in multifamily in 2023, addressing supply chain issues, rent control measures in 2023 and the multifamily outlook for the next year.
The surge of new electric vehicles (EV) coming to market has triggered waves of changing tenant and consumer behaviors. A recent report by NMHC/Grace Hill found that 27% of renters are interested in locations with available EV charging stations and would pay $30.00 more per month for this amenity.
Xeal, a leading provider of electric vehicle (EV) charging stations and smarter technology for the multifamily industry, today announced an agreement with StreetLights Residential to install a significant number of charging stations across the company’s nationwide pipeline of new developments.
Xeal today announced that it raised $40M in Series B funding and a credit line of $10M, bringing the company’s total financing to $54M to-date. The funds will be used to develop new products, accelerate the deployment of EV charging stations, scale Xeal’s network of real estate and more.
The top storylines in multifamily this week are synergy and proptech, winterizing rental properties, smart sustainability and business resilience, multifamily fundamentals remain strong, emotional support animals and pet policies and reliability in EV chargers.
The top storylines in multifamily this week are redefining efficiency in maintenance, proptech for ESG goals, the need for EV charging stations in multifamily, the top trends in multifamily, the ups and downs of prepaid rent and the expectations of renters by choice.